The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - However, our Fiscal Outlook revenue forecast, shown in Figure  2 , reflects a smaller, temporary upgrade which reverses beginning in 2026 ‑ 27 —resulting in 2026 ‑27 revenues being in line with budget act estimates.
https://lao.ca.gov/Publications/Report/5091

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Proposition 2 Proposition   2 Contains Annual Debt Payment Requirement. Proposition  2 created new rules regarding: (1)  deposits into the state ’s rainy ‑day fund and (2)  accelerating payments toward certain eligible debts.
https://lao.ca.gov/Publications/Report/4887

The 2021-22 Budget: The Governor’s Proposition 2 Proposals

Apr 26, 2021 - The 2021-22 Budget: The Governor’s Proposition 2 Proposals The Governor ’s Proposition  2 Proposals Introduction Passed by voters in 2014, Proposition  2 changed budgeting practices concerning: (1)  reserves and (2)  debt payments.
https://lao.ca.gov/Publications/Report/4418

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - That said, recent budgets have set the SFEU bet ween $3.5  billion and $4.5  billion, so the Governor ’s budget proposal to set the balance to $4.5  billion is generally in line with recent policy.
https://lao.ca.gov/Publications/Report/5101

The 2021-22 California Spending Plan: The State Appropriations Limit

Aug 30, 2021 - Those expenditures must meet three specific conditions to qualify. Specifically, the spending must be: (1)  related to an emergency declaration by the Governor, (2)  approved by a two-thirds vote of the Legislature, and (3)  dedicated to an account for expenditures relating to that emergency.
https://lao.ca.gov/Publications/Report/4449

The 2022-23 California Spending Plan: The State Appropriations Limit

Sep 30, 2022 - Those expenditures must meet three specific conditions to qualify. Specifically, the spending must be: (1)  related to an emergency declaration by the Governor, (2)  approved by a two-thirds vote of the Legislature, and (3)  dedicated to an account for expenditures relating to that emergency.
https://lao.ca.gov/Publications/Report/4631

The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - Statutory Definition of Qualified Capital Outlay. One important SAL exclusion is qualified capital outlay. Generally, this exclusion gives policymakers more control over how funds are spent. The constitution defers the definition of capital outlay for SAL-related purposes ( “qualified capital outlay ”) to state statute.
https://lao.ca.gov/Publications/Report/4547

The State Appropriations Limit

Apr 21, 2021 - As mentioned above, certain conditions must exist for state spending on an emergency to qualify as an exemption, which exist in these cases: Governor Declared Emergency. First,  to  qualify as an exemption, spending on emergencies must be made in response to a declared emergency by the Governor.
https://lao.ca.gov/Publications/Report/4416

The Definition of Qualified Capital Outlay for the State Appropriations Limit [Publication Details]

Feb 18, 2022 - The Definition of Qualified Capital Outlay for the State Appropriations Limit [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4547

The 2021-22 Spending Plan: Other Provisions

Sep 23, 2021 - This grant program will be similar to the tax credit program described above, except that qualified applicants will be able to indicate that they would prefer a grant to a tax credit. To be eligible for a grant, a business must either (1)  commit to creating at least 500 new jobs, (2)  invest at least $10  million in a major construction or renovation project, or (3)  be located in a high-poverty or high-unemployment area of the state.
https://lao.ca.gov/Publications/Report/4452