Flexible Funding to California in the American Rescue Plan

Mar 23, 2021 - The state is not expected to experience a reduction in General Fund revenue in 2020-21 or 2021-22 compared to 2018-19 (the baseline revenue year in the ARP). Specifically, General Fund revenues (excluding constitutional reserve deposits) were $143  billion in 2018-19, while comparable revenues for 2020-21 and 2021-22 currently are estimated to be $158  billion and $161  billion, respectively.
https://lao.ca.gov/Publications/Report/4407

Rethinking California's Reserve Policy

Apr 10, 2025 - For example, in 2018 ‑19, the Legislature created the Budget Deficit Savings Account —which was used to temporarily hold a $2.6  billion optional deposit into the BSA —and the Safety Net Reserve —a reserve specifically dedicated to CalWORKs and Medi ‑Cal.
https://lao.ca.gov/Publications/Report/5028

The State Appropriations Limit

Apr 21, 2021 - Since 2018, the Governor also declared states of emergency related to various wildfires. For example, the Governor declared a state of emergency related to the Camp wildfire on November 8, 2018, and related to the LNU Lightning Complex and other wildfires burning statewide on August  18, 2020.
https://lao.ca.gov/Publications/Report/4416

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - (For more information about this debt, see: The 2017‑18 Budget: The Governor’s CalPERS Borrowing Proposal and The 2018‑19 Budget: Repaying the CalPERS Borrowing Plan .) Debt Payments Must Supplement —Not Supplant —Funding for Two Years.
https://lao.ca.gov/Publications/Report/4887

The 2023-24 Budget: Initial Comments on the Governor's May Revision

May 15, 2023 - The 2018‑19 budget created the Safety Net Reserve to set aside funds for future costs of two programs—CalWORKs and Medi‑Cal—in the event of a recession. Absent policy changes, these programs typically experience increased expenditures during a recession when unemployment increases and program caseloads rises.
https://lao.ca.gov/Publications/Report/4769

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

Apr 26, 2021 - In particular, the Legislature deposited an additional $2  billion into the BSA in 2016-17 and an additional $2.6  billion in 2018-19. However, a portion of these deposits ultimately were used to fund required true ups.
https://lao.ca.gov/Publications/Report/4418

The 2022-23 Budget: State Appropriations Limit Implications

Mar 30, 2022 - (As of 2018 ‑19, cities and counties had over $150  billion in collective room under their limits. As a result, changing this definition is unlikely to result in very many local governments exceeding their limits.
https://lao.ca.gov/Publications/Report/4583

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - The state is permitted to use the fiscal relief funds: (1)  to respond to the public health emergency or negative economic impacts associated with the emergency; (2)  to support essential work; (3)  to backfill a reduction in revenue that has occurred since 2018 ‑19; or (4)  for water, sewer, or broadband infrastructure.
https://lao.ca.gov/Publications/Report/4432

The 2021-22 Spending Plan: Other Provisions

Sep 23, 2021 - Firms that file taxes on a fiscal year basis must have incurred a decline of 20  percent or more in 2018 ‑19 as compared to either (1)  2019 ‑20 or (2)  the average of 2019 ‑20 and 2020 ‑21. Firms that started up in 2019 must have incurred a decline of 20  percent or more (averaged on a monthly basis) in April, May, and June of 2020 compared to January and February 2020.
https://lao.ca.gov/Publications/Report/4452

The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - The Governor also proposes $75  million one time from the General Fund for deferred maintenance on levees in the Central Valley, as well as about $140  million from Propositions 1 (2014) and 68 (2018) for various other flood-related projects and initiatives.
https://lao.ca.gov/Publications/Report/4309