Strong Tax Collections Belie California's Challenging Fiscal Outlook

Apr 26, 2022 - Fortunately, though, these estimates arrive at a moment when tax collections are robust , providing policymakers with the opportunity to take protective action. In light of the constraints presented by the SAL, creating additional budget resilience would help shield the Legislature’s policy priorities in future years.
https://lao.ca.gov/Publications/Report/4590

An Initial Look at Effects of the COVID-19 Pandemic on Local Government Fiscal Condition

May 12, 2021 - Fortunately, Legislature Has Time to Decide How to Appropriate Its Federal Funds. The state has until December 31, 2024 t o spend its federal ARP allocation. As such, we recommend the Legislature not allocate all of the ARP funds available to the state as part of its 2021 ‑ 22 b udget.
https://lao.ca.gov/Publications/Report/4428