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