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 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 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - Budget Package Addressed a Nearly $15   Billion Budget Problem. We estimate the Legislature addressed a nearly $15  billion budget problem in the 2025 ‑26 budget package. This  budget problem is slightly higher than the one addressed by the Governor in the May Revision (around $14  billion), and results from two somewhat offsetting differences.
https://lao.ca.gov/Publications/Report/5079

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - In addition, the administration estimated the state would continue to face structural deficits between $15  billion and $25  billion through  2028 ‑29. 2026 ‑27 Budget Problem Now Larger Than Anticipated.
https://lao.ca.gov/Publications/Report/5091

The 2024-25 Budget: Deficit Update

Feb 20, 2024 - Options to Address $15  Billion in Additional Budget Problem If the budget problem increases by $15  billion, the Legislature will need to find a like amount of new budget solutions to ensure the budget is balanced for 2024 ‑25.
https://lao.ca.gov/Publications/Report/4850

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - Specifically, the administration defines a $15  billion reduction to school and community college spending —relative to the enacted level in 2023 —as a baseline change. How Does the Governor Propose to Solve the Budget Problem?
https://lao.ca.gov/Publications/Report/4825

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - These choices included about $11  billion in spending ‑related solutions and $15  billion in all other solutions, including $5.5  billion in temporary revenue increases and a $7  billion withdrawal from the state ’s rainy ‑day fund .
https://lao.ca.gov/Publications/Report/4939

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - Note: Reflects administration estimates of budgetary actions taken as of July 15, 2021, but adjusted for major actions taken later in the legislative session. b A total of $3.3 billion General Fund for Caltrans and CalSTA will revert to the General Fund because subsequent legislation to allocate the funds was not enacted by October 19, as required by the budget act.
https://lao.ca.gov/Publications/Report/4448/1

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - (The information presented in this brief is based on our understanding of the administration ’s proposals as of May 15, 2025. In many areas, our understanding of the proposals will continue to  evolve.)
https://lao.ca.gov/Publications/Report/5044

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - The majority of these one-time proposals ($15  billion) meet the definition of capital outlay for the purposes of the SAL and are excludable. Governor Proposes $15  Billion in Spending on Capital Outlay.
https://lao.ca.gov/Publications/Report/4432