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 2026-27 Budget: How to Use One-Time Revenue Improvements

Feb 20, 2026 - A period of strong revenue growth is not an appropriate time to draw down significant reserves or continue to rely on borrowing. Further, despite large revenue upgrades since June, the budget for this year remains roughly balanced.
https://lao.ca.gov/Publications/Report/5133

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Few choices will be as consequential for the state ’s medium-term fiscal outlook as whether or not to draw upon its budget reserves to close a projected deficit. On the one hand, reserves offer an expedient solution to the problem.
https://lao.ca.gov/Publications/Report/4762

California's Legislative Analyst's Office and the Value of Independence

Nov 15, 2024 - There is even evidence to suggest that drawing upon forecasts from multiple sources can improve accuracy, assuming the forecasts themselves are developed independently. These trade-offs speak to the Legislature ’s status as a coequal branch of government.
https://lao.ca.gov/Publications/Report/4938

Strong Tax Collections Belie California's Challenging Fiscal Outlook

Apr 26, 2022 - Finally, we recommend prioritizing proposals that may have other fiscal benefits, such as by drawing down additional federal funds. Budget Outlook Calls for Building More Resilience Now Throughout the post-Great Recession era, state policymakers steadily increased fiscal resilience by prudently accumulating large budget reserves.
https://lao.ca.gov/Publications/Report/4590

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - The  key item in this category is a proposal for the state to reauthorize a tax on managed care organizations that draws down additional federal funds and offsets costs in Medi ‑Cal. While the fiscal impact of this reauthorization would be small in the budget window —an estimated $300  million in 2023 ‑ 24 —the effect would be much larger in future years, rising to roughly $2  billion in General Fund savings as early as 2024 ‑25.
https://lao.ca.gov/Publications/Report/4662

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - (The legislation defines GenAI as “artificial intelligence that can generate derived synthetic content, such as text, images, video, and audio, that emulates the structure and characteristics of the artificial intelligence’s training data.”)
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - (The legislation defines GenAI as “artificial intelligence that can generate derived synthetic content, such as text, images, video, and audio, that emulates the structure and characteristics of the artificial intelligence’s training data.”)
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

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

Oct 16, 2023 - Like past versions of the MCO tax, the tax is designed to draw down additional federal Medicaid funding while imposing a relatively small cost to the health insurance industry. This arrangement requires approval from the federal government.
https://lao.ca.gov/Publications/Report/4788

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

May 15, 2023 - The tax also requires approval from the federal government to be used to draw down federal funding to support Medi ‑Cal. We estimate that, in 2023 ‑24 specifically, the MCO tax proposal would provide $3.5  billion to address the budget problem.
https://lao.ca.gov/Publications/Report/4769