The 2025-26 Budget: California State University

Feb 25, 2025 - Capital Fellows Program Is a Hands ‑On Learning Experience for Those Interested in State Government. The core objective of the Capital Fellows program is to train young professionals for a career in public service within state government.
https://lao.ca.gov/Publications/Report/4989

The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 4, 2026 - The  largest adjustment is a $3.8  billion mandatory deposit in 2024 ‑25, driven by significantly higher capital gains revenue since June. Another notable adjustment is the Governor ’s proposal to make a $240  million discretionary deposit in 2025 ‑26.
https://lao.ca.gov/Publications/Report/5110

The 2022-23 Budget: Initial Comments on the Governor's May Revision

May 16, 2022 - As the figure shows, about two ‑thirds of the proposals are for excluded spending, including nearly half of the overall proposals going to capital outlay projects. (Importantly, the definition of capital outlay under the SAL is more expansive than the typical definition in the budget.)
https://lao.ca.gov/Publications/Report/4598

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

May 17, 2021 - The majority of these one-time proposals ($15  billion) meet the definition of capital outlay for the purposes of the SAL and are excludable. Governor Proposes $15  Billion in Spending on Capital Outlay.
https://lao.ca.gov/Publications/Report/4432

The 2022-23 Budget: Green School Bus Grants

Feb 10, 2022 - Appropriations subject to the limit consist of total state tax revenues after subtracting excluded spending, including capital outlay, certain spending on emergencies, and certain subventions to local governments.
https://lao.ca.gov/Publications/Report/4525

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

Jan 13, 2023 - As the figure shows, most of the discretionary increases are to finance some capital outlay projects with cash instead of lease revenue bonds. This increases the size of the budget  problem. $800   Million in Other Differences.
https://lao.ca.gov/Publications/Report/4662

The 2025‑26 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 20, 2024 - The Constitution requires the state to deposit Proposition 98 funding into this reserve when the state receives high levels of capital gains revenue and the minimum guarantee is growing quickly relative to inflation.
https://lao.ca.gov/Publications/Report/4940

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - Generally, the state is required to deposit Proposition  98 funding into the account when revenue from capital gains is relatively strong and the minimum guarantee is growing faster than per capita personal income.
https://lao.ca.gov/Publications/Report/4492

The 2022-23 Budget: School Nutrition

Feb 8, 2022 - The state can exclude certain capital outlay appropriations from the SAL calculation. In our report, The State Appropriations Limit , we cover SAL issues in more detail.) Includes $3   Million One Time for Breakfast and Summer Meal Start ‑Up and Expansion Grants.
https://lao.ca.gov/Publications/Report/4519

The 2022-23 California Spending Plan: Proposition 98

Oct 24, 2022 - These deposits reflect the strong estimates of capital gains revenue across the period. The deposits required in 2020-21 and 2021-22 also trigger a statutory cap on school district reserves in 2022-23.
https://lao.ca.gov/Publications/Report/4641