The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - There are also some properties that appear to meet the de finition, although perhaps less clearly, like information technology projects. Does the State Need to Own the Asset to Count It as an Exclusion?
https://lao.ca.gov/Publications/Report/4547

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Contributing to the uncertainty this year is the fact that a recovery built on a stock market rally is especially precarious. We cannot predict with any confidence what the stock market will do next.
https://lao.ca.gov/Publications/Report/4939

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - For example, two major proposals raise concerns for our office: the suspension of net operating loss (NOL) de ductions and unallocated state operations reductions. Finally, given that our revenue forecast is somewhat below the administration ’s forecast, we would suggest the Legislature consider whether or not it is comfortable with this downside risk to the state ’s budget picture.
https://lao.ca.gov/Publications/Report/4902

The 2023-24 Budget: Initial Comments on the Governor's May Revision

May 15, 2023 - While swapping bonds for General Fund is a reasonable response to weakening fiscal conditions, the merits of the individual projects proposed warrant scrutiny, especially given that with higher interest rates, the related debt servicing costs will be higher into the future.
https://lao.ca.gov/Publications/Report/4769

The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal

Feb 4, 2022 - One advantage of this approach is that lowering tax revenues reduces some constitutionally required spending (described above) that otherwi se would be required in addition to meeting the SAL ’s requirements.
https://lao.ca.gov/Publications/Report/4515

Rethinking California's Reserve Policy

Apr 10, 2025 - However, in general, growth in core services tracks more stable factors, like inflation (especially inflation for pharmaceuticals and health care) and population (especially in some key demographic areas).
https://lao.ca.gov/Publications/Report/5028

New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - In that scenario, the option to tap reserves, especially if they still were funded at their current level, would be particularly valuable. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/4653

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - In the case of the Proposition 98 Reserve, reserve withdrawals are sometimes required, especially in tighter fiscal times. Proposition 2 This Year, Most Declines in BSA ‑Related Requirements Do Not Impact Budget ’s Bottom Line.
https://lao.ca.gov/Publications/Report/4819

The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - The administration anticipates an increase in eviction cases (known as unlawful detainers) and small claims filings wh en the statutory protections expire, resulting in new workload for trial courts.
https://lao.ca.gov/Publications/Report/4309

The 2021-22 Budget: The Governor’s Suspension Proposal

Jan 29, 2021 - A number of the suspension amounts, especially those with larger dollar amounts, provide direct funding for longstanding or core government services. For example, some major items that are subject to suspension are: Using Proposition   56 (201 6) F unding for Provider Payment Increases in Medi ‑Cal.
https://lao.ca.gov/Publications/Report/4328