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
https://lao.ca.gov/Publications/Report/4825/1

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - This is because the actuarial loss accrues “interest ” over time that also must be paid. This interest reflects the gains that otherwise would have accrued had there been no actuarial loss in the first place.
https://lao.ca.gov/Publications/Report/4887

Rethinking California's Reserve Policy [Publication Details]

Apr 10, 2025 - This volatility has prompted interest in changes to the state’s reserve policy. In this report, we assess proposed changes by the Governor to the state’s reserve policy and put forward our own recommendations that would allow the state to save enough in reserves to be able to afford its core service level over the long-term.
https://lao.ca.gov/Publications/Detail/5028

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - The labor and employment programs are administered at the state level by the Employment Development Department (EDD), the Depa rtment of Industrial Relations, the California Workforce Development Board, and the Agricultural Labor Relations Board.
https://lao.ca.gov/Publications/Report/4814

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - Identifying the effect of state programs on key outcomes of interest is often challenging because it usually requires in-depth research to determine whether state funding —or some other external factor —is driving the observed trends.
https://lao.ca.gov/Publications/Report/4983

New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - When the Fed raises the funds rate, it causes financial conditions to tighten, evidenced by generally higher interest rates throughout credit markets. Higher interest rates disincentivize consumers from borrowing and —by raising the cost of capital —dissuades firms from borrowing to make new investments.
https://lao.ca.gov/Publications/Report/4653

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - Loan to the Contingent Fund of the Medical Board of California. The budget includes a $27  million loan to the Contingent Fund of the Medical Board of California (Contingent Fund) from the High Polluter Repair or Removal Account, which supports the Bureau of Automotive Repair.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - Loan to the Contingent Fund of the Medical Board of California. The budget includes a $27  million loan to the Contingent Fund of the Medical Board of California (Contingent Fund) from the High Polluter Repair or Removal Account, which supports the Bureau of Automotive Repair.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - One path is falling interest rates and expansion of money available for lending and investment. A key driver of California ’s economic slump over the last two years has been the Federal Reserve ’s efforts to tamp down inflation by raising interest rates and shrinking how much money is available for lending and investment.
https://lao.ca.gov/Publications/Report/4939

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

May 15, 2023 - CARB = California Air Resources Board; BHC= Baldwin Hills Conservancy; CalRecycle = California Department of Resources, Recycling and Recovery; CalFire = California Department of Forestry and Fire Protection; CCC = California Conservation Corps; CNRA = California Natural Resources Agency; CPUC = California Public Utilities Commission; CVC = Coachella Valley Conservancy; DFW = D
https://lao.ca.gov/Publications/Report/4769/1