The 2022-23 Budget: California’s Fiscal Outlook [Publication Details]

Nov 17, 2021 - Our annual Fiscal Outlook publication gives our office’s independent assessment of the California state budget condition for the upcoming fiscal year and over the longer term. In this report, we anticipate the state will have a $31 billion surplus to allocate in the upcoming fiscal year and operating surpluses ranging from $3 billion to $8 billion over the multiyear period.
https://lao.ca.gov/Publications/Detail/4472

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - In considering the state ’s 2022 ‑23 SAL estimates, we anticipate the state ’s SAL position in 2023 ‑24 to be a major consideration in the budget process and enactment. Our estimates for the state ’s SAL position across the budget window are also shown in the insert in Figure 6.
https://lao.ca.gov/Publications/Report/4472

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The 2024-25 California Spending Plan: Other Provisions $4,850 $7,787 a Chapter 189 of 2023 (SB 104, Skinner) appropriated $73 million FF from the IIJA ’s Enabling Middle Mile Infrastructure program in 2023 ‑24. b Chapter 48 of 2022 (SB 189, Committee on Budget and Fiscal Review) included a legislative goal to appropriate $250 million GF in 2024 ‑25 for the middle
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The 2024-25 California Spending Plan: Other Provisions $4,850 $7,787 a Chapter 189 of 2023 (SB 104, Skinner) appropriated $73 million FF from the IIJA ’s Enabling Middle Mile Infrastructure program in 2023 ‑24. b Chapter 48 of 2022 (SB 189, Committee on Budget and Fiscal Review) included a legislative goal to appropriate $250 million GF in 2024 ‑25 for the middle
https://lao.ca.gov/Publications/Report/4934

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

Jan 13, 2025 - Since 2023 ‑24, the Legislature has addressed a cumulative total of $82  billion in budget problems, but even including the withdrawal for 2025 ‑26, has only used about half of the Budget Stabilization Account (BSA).
https://lao.ca.gov/Publications/Report/4951

Rethinking California's Reserve Policy

Apr 10, 2025 - Further, since 2023‑24, the Legislature has addressed $82 billion in budget problems (with more in deficits likely to emerge in the coming years), but at its largest, the BSA balance reached only $23 billion.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - On a technical basis, the budget bottom line condition is the accumulated change in General Fund revenues and spending across the three fiscal years in the budget window —this year, 2023 ‑24 through 2025 ‑ 26 —and reflected in the ending balance in the Special Fund for Economic Uncertainties (SFEU) in 2025 ‑26 in Figure  2 .
https://lao.ca.gov/Publications/Report/4939

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - The 2023-24 spending plan also provides funding for compliance with the amended statute, including $1.5 million General Fund for OIS in 2023-24 and ongoing to offer nonreporting entities IS program audits, if requested.
https://lao.ca.gov/Publications/Report/4814

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Apply 2023 ‑24 and 2024 ‑25 Proposition   2 Payments to Supplant State CalPERS Contributions in 2024 ‑25 and 2025 ‑26. Proposition  2 prevents the state from using a required debt repayment from supplanting funding that would otherwise be made available in the “fiscal year or the subsequent fiscal year. ” In this case, the 2023 ‑24 Proposition  2 payment cannot supplant the state ’s payments in 2023 ‑24 or 2024 ‑25.
https://lao.ca.gov/Publications/Report/4887

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - The state waived family fees in both the child care and State Preschool programs, with the fees scheduled to return July 1, 2023. Chapter  4 of 2023 (A B  110 , Committee on Budget and Fiscal Review) provided $39  million across state and federal fund sources to waive family fees until September 30, 2023.
https://lao.ca.gov/Publications/Report/4788