The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - CalSTRS Experienced 27.2 Percent Investment Returns in 2020 ‑21. CalSTRS ’ next actuarial valuation —reflecting 2020 ‑21 investment returns, payroll growth, and other factors impacting CalSTRS ’ unfunded liabilities and required contribution rates —will not be available until the spring of 2022, and CalSTRS will set required contribution rates for 2022 ‑23 at that time.
https://lao.ca.gov/Publications/Report/4472

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

Sep 30, 2022 - That said, as the figure also shows, the May Revision left $3.4  billion in unaddressed SAL requirements in 2022-23. Final Budget Act. The final budget package does not reflect excess revenues across 2020-21 and 2021-22, nor does it include any unaddressed SAL requirements for 2022-23.
https://lao.ca.gov/Publications/Report/4631

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - Proposition   98 Reserve Could Cover Spending Above the Minimum Requirement in 2022 ‑23. Based on deposits the state made in 2020 ‑21 and 2021 ‑22, the Proposition  98 Reserve currently holds a balance of $8.1  billion.
https://lao.ca.gov/Publications/Report/4819

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - For the upcoming budget cycle, the Legislature has nearly $20 billion to allocate for new commitments, including $10.2  billion in one ‑time funds related to 2020 ‑21 and 2021 ‑22 and $9.5 billion in ongoing funds related to 2022 ‑23.
https://lao.ca.gov/Publications/Report/4473

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

Jan 29, 2021 - This language was included in both the 2019 ‑20 and 2020 ‑ 21 b udget acts. How the Suspensions Work. Current law empowers the Department of Finance (DOF) to administer the suspension calculation. The formula is shown in Figure  1 .
https://lao.ca.gov/Publications/Report/4328

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - The 2022-23 budget package repeals limits on net operating loss (NOL) deductions and business tax credits for 2022. This is one year earlier than the limits had previously been set to expire. In anticipation of a severe economic recession, the 2020-21 Budget Act adopted limits on NOLs and credits for tax years 2020, 2021, and 2022.
https://lao.ca.gov/Publications/Report/4626

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - Under the adopted budget plan, the state deposits a total of $9.5  billion into this account across the 2020 ‑21 through 2022 ‑23 period —an increase of $4.5  billion compared with the estimates made in June 2021.
https://lao.ca.gov/Publications/Report/4616

The 2021-22 Spending Plan: Other Provisions

Sep 23, 2021 - The budget package includes $31  million General Fund in 2021 ‑22 and $25  million General Fund in 2022 ‑23 for the Climate Catalyst Revolving Loan Fund. The Climate Catalyst Fund was established in the 2020 ‑21 budget package to allow IBank to help finance a broader range of climate-related projects.
https://lao.ca.gov/Publications/Report/4452

The 2022-23 Budget: Medi-Cal Fiscal Outlook

Nov 17, 2021 - Fiscal Outlook Assumes Expiration of the National Public Health Emergency (PHE) Declaration Related to Coronavirus Disease 2019 (COVID ‑19) in Early 2022. In early 2020, the federal government declared a national PHE in response to the COVID ‑19 pandemic.
https://lao.ca.gov/Publications/Report/4474

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - The June 2021 budget estimated the state would be required to make deposits totaling $4.5  billion across 2020 ‑21 and 2021 ‑22. Under the Governor ’s budget, the required deposits in those years increase to nearly $6.7  billion and the state makes an additional $3.1  billion deposit in 2022 ‑23.
https://lao.ca.gov/Publications/Report/4492