Rethinking California's Reserve Policy

Apr 10, 2025 - This share is determined by a complex set of formulas that can lower excess capital gains by anywhere from 0 percent to 100 percent, although reductions around 30 percent have been the most common to date.
https://lao.ca.gov/Publications/Report/5028

The State Appropriations Limit

Apr 21, 2021 - For example, school enrollment growth has averaged ‑0. 1  p ercent over the last decade, compared to 2. 26  p ercent in the 1990s. Overall state population growth has averaged 0. 7  p ercent over the last decade, compared to 1. 3  p ercent in the 1990s.
https://lao.ca.gov/Publications/Report/4416

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Consequently, our estimate of the surplus could be interpreted to implicitly reflect an SFEU balance that is essentially $0. The Legislature can choose to set the SFEU balance at any level above zero.
https://lao.ca.gov/Publications/Report/4472