The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - In considering the state ’s 2022 ‑23 SAL estimates, we anticipate the state ’s SAL position in 2023 ‑24 to be a major consideration in the budget process and enactment. Our estimates for the state ’s SAL position across the budget window are also shown in the insert in Figure 6.
https://lao.ca.gov/Publications/Report/4472

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - CalSTRS is the world ’s largest educator ‑only pension system, administering the $315  billion Teachers ’ Retirement Fund for more than 1  million members and beneficiaries (as of June 2023). CalSTRS ’ 12 ‑member Teachers ’ Retirement Board (CalSTRS Board) administers the fund and is constitutionally responsible for overseeing the system ’s investment policies and ensuring that benefit payments are made on time and according to law.
https://lao.ca.gov/Publications/Report/4887

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - The state waived family fees in both the child care and State Preschool programs, with the fees scheduled to return July 1, 2023. Chapter  4 of 2023 (A B  110 , Committee on Budget and Fiscal Review) provided $39  million across state and federal fund sources to waive family fees until September 30, 2023.
https://lao.ca.gov/Publications/Report/4788

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - The 2023-24 spending plan also provides funding for compliance with the amended statute, including $1.5 million General Fund for OIS in 2023-24 and ongoing to offer nonreporting entities IS program audits, if requested.
https://lao.ca.gov/Publications/Report/4814

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The 2024-25 California Spending Plan: Other Provisions $4,850 $7,787 a Chapter 189 of 2023 (SB 104, Skinner) appropriated $73 million FF from the IIJA ’s Enabling Middle Mile Infrastructure program in 2023 ‑24. b Chapter 48 of 2022 (SB 189, Committee on Budget and Fiscal Review) included a legislative goal to appropriate $250 million GF in 2024 ‑25 for the middle
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The 2024-25 California Spending Plan: Other Provisions $4,850 $7,787 a Chapter 189 of 2023 (SB 104, Skinner) appropriated $73 million FF from the IIJA ’s Enabling Middle Mile Infrastructure program in 2023 ‑24. b Chapter 48 of 2022 (SB 189, Committee on Budget and Fiscal Review) included a legislative goal to appropriate $250 million GF in 2024 ‑25 for the middle
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

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

May 15, 2023 - For example, the Governor proposes delaying: $550 million in grants for early education facilities from 2023‑24 to 2024‑25 and $550 million for broadband last‑mile project grants from 2023‑24 to future years.
https://lao.ca.gov/Publications/Report/4769

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Across the budget window (2021 ‑22 through 2023 ‑24), our revenue projections are $11  billion lower than the administration ’s estimates. We discuss our economic and revenue outlook in greater detail here: The 2023‑24 Budget: May Revenue Outlook .
https://lao.ca.gov/Publications/Report/4772

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - Under the 2022 ‑23 Budget Act assumptions, the state would have ended 2023 ‑24 with a deficit of nearly $3  billion in 2023 ‑24. Revenue losses compound this already negative starting point. Revenues Losses Add to Deficit by $41   Billion.
https://lao.ca.gov/Publications/Report/4646

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - This means using the Proposition  98 Reserve for 2022 ‑23 also would reduce the constitutional minimum requirements in 2023 ‑24 and 2024 ‑25. (The formulas governing the Proposition  98 Reserve would require the state to withdraw the remaining amount in the reserve —about $450   million —in 2023 ‑24.)
https://lao.ca.gov/Publications/Report/4819