The 2020-21 Budget: Overview of the California Spending Plan (Final Version)

Oct 5, 2020 - The administration reached agreement with all 21 o f the state ’s bargaining units in June and July 2020 t o reduce state employee compensation costs in 2020 ‑21. As part of the budget package, the Legislature ratified the agreements with all 21 b argaining units.
https://lao.ca.gov/Publications/Report/4263

The 2020-21 Budget: Proposition 2 Debt Payment Proposals

Mar 10, 2020 - This report would allow the Legislature to determine how to allocate Proposition   2 i n future years to keep both plans on track while allowing more time to pass to assess how the plans are functioning.
https://lao.ca.gov/Publications/Report/4196

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - Most of the funding will go out as $ 600 o ne ‑time payments to taxpayers with incomes below $75,000 (taxpayers with dependents will receive an additional $ 500 p ayment). The remainder will go out as $ 500 o ne ‑time payments to taxpayers with incomes less than $75,000 who file using an Individual Taxpayer Identification Number.
https://lao.ca.gov/Publications/Report/4448

The State Appropriations Limit

Apr 21, 2021 - This prohibition applies from March  3, 2021 t o the last date on which the state expends the funds. (The state has until December 31, 2024 t o use the funds.) As of this writing, we do not yet know how strictly the U.S.
https://lao.ca.gov/Publications/Report/4416

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

Jan 13, 2024 - The 2024-25 Budget: Overview of the Governor's Budget $3,135 $4,677 BCH = Secretary for Business, Consumer Services, and Housing Agency; HHAPP = Homeless Housing, Assistance, and Prevention Program; FHC = Family Homelessness Challenge Grants; BSCC  =  Board of State and Community Corrections; CalFire = California Department of Forestry and Fire Protection; CalRecycle = California Department of
https://lao.ca.gov/Publications/Report/4825/1

The 2020-21 Budget: Structuring the Budget

Feb 10, 2020 - This process is complex, but generally means using assumptions about how the economy is likely to perform over the coming 12 t o 18 m onths and then using those estimates to project revenue collections.
https://lao.ca.gov/Publications/Report/4150

The 2020-21 Budget: California's Spring Fiscal Outlook

May 8, 2020 - The administration published a letter on May 7 i ndicating they estimate the budget problem for 2020 ‑ 21 i s $54. 3  b illion. This estimate is substantially larger than our bottom line figure for the L ‑shaped recession scenario.
https://lao.ca.gov/Publications/Report/4228

The 2020-21 Budget: Initial Comments on the Governor’s May Revision

May 17, 2020 - Under this proposal, the state would borrow from the bond market to pay the upfront costs of these projects and then repay those bonds with i nterest over time. This results in savings of roughly $ 800  m illion in 2020 ‑21, but higher debt service costs over time.
https://lao.ca.gov/Publications/Report/4232

The 2021-22 Budget: The Governor’s Suspension Proposal

Jan 29, 2021 - Under its own revenue forecast, assuming the suspensions were operative, the administration estimates operating deficits would grow from $7. 6  b illion in 2022 ‑ 23 t o $11. 3  b illion in 2024 ‑25.
https://lao.ca.gov/Publications/Report/4328

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - First, the Governor proposes putting a $4. 8  b illion bond before voters in November 2020 t o fund a variety of activities intended to help the state mitigate and prepare for the effects of climate change.
https://lao.ca.gov/Publications/Report/4135