The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - This is a relatively small number on a net basis, but is the result of many, much larger, offsetting differences. For example, the administration’s estimate of baseline costs in Medi‑Cal, the state’s Medicaid program, is higher than our November 2024 estimate by $3.1 billion in 2025‑26.
https://lao.ca.gov/Publications/Report/4951

The 2021-22 Budget: The Governor’s Proposition 2 Proposals

Apr 26, 2021 - The budget included a withdrawal of $4.7  billion from the state ’s mandatory BSA balance and $3.1  billion from the state ’s optional BSA balances. The nearby box describes the BSA “optional balance ” in more detail.
https://lao.ca.gov/Publications/Report/4418

CalFacts 2024 [Publication Details]

Dec 2, 2024 - CalFacts presents a wide range of facts and trends about the state's economy, finances, and programs.
https://lao.ca.gov/Publications/Detail/4942

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - The average annual increase is $3.1  billion (3.9 percent). Most of this increase is due to growth in General Fund revenue, which increases the Proposition 98 spending requirement about 40 cents for each dollar of additional revenue.
https://lao.ca.gov/Publications/Report/4472

The 2022-23 Budget: Medi-Cal Fiscal Outlook

Nov 17, 2021 - Significant Underlying Net Cost Growth Underlying Net Cost Growth Averaging Around $900 Million Annually Throughout the Forecast Window. Underlying net cost growth reflects the fiscal impact of changes in the Medi ‑Cal caseload and per ‑enrollee costs.
https://lao.ca.gov/Publications/Report/4474

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - Safety Net Reserve. The Governor also proposes withdrawing the entire balance of the Safety Net Reserve—$900 million. Withdrawing the entire balance of the Safety Net Reserve may not be consistent with legislative intent.
https://lao.ca.gov/Publications/Report/4825

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - This includes $3.1  billion from various funds across 2021 ‑22 and 2022 ‑23, such as $1.5  billion from Proposition  98 General Fund for zero ‑emission school buses, $804  million from the General Fund for various activities including ZEV fueling infrastructure grants, $600  million from GGRF for heavy ‑duty vehicle incentives, and $77  million in federal funds for ZEV  fueling  infrastructure.
https://lao.ca.gov/Publications/Report/4616

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - On the revenue side, the Governor ’s budget includes $5.5  billion to restore net operating losses and business credits and various other tax credits, which reduce SAL  revenues by a total of $6  billion.
https://lao.ca.gov/Publications/Report/4492

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - Safety Net Reserve . Similar to January, the Governor also proposes withdrawing the entire balance of the Safety Net Reserve —$900  million. The Safety Net Reserve was designed to help cover costs of increasing caseload in Medi-Cal and the California Work Opportunity and Responsibility to Kids program in the event of an economic downturn.
https://lao.ca.gov/Publications/Report/4902

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - For example, in 2020 ‑21, the state temporarily suspended net operating loss (NOL) deductions, preventing corporations with net income over $1  million from using NOLs. The state also limited businesses from claiming more than $5  million in tax credits.
https://lao.ca.gov/Publications/Report/4819