Rethinking California's Reserve Policy

Apr 10, 2025 - That is: the state will face revenue downturns in the future, but we can ’t predict when those will occur or how big they will be. This makes the state ’s reserve policy more like an individual saving for retirement.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - How Do You Focus Your Efforts? The Legislature cannot reasonably undertake in-depth oversight of all state programs in one budget season. As such, the Legislature must determine how to focus its efforts so as to provide information that would be most helpful in making future budget decisions.
https://lao.ca.gov/Publications/Report/4983

Flexible Funding to California in the American Rescue Plan

Mar 23, 2021 - Cities and counties will receive fiscal recovery funds based on a set of formulas that considers the jurisdiction ’s population, among other factors. The federal government will distribute funds directly to all counties and cities with populations greater than 50,000.
https://lao.ca.gov/Publications/Report/4407

The 2022-23 Budget: State Appropriations Limit Implications

Mar 30, 2022 - (As of 2018 ‑19, cities and counties had over $150  billion in collective room under their limits. As a result, changing this definition is unlikely to result in very many local governments exceeding their limits.
https://lao.ca.gov/Publications/Report/4583

The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - Similarly, maintenance of assets, like the labor costs for making repairs, also can be excluded as long as the underlying asset meets the criteria above. However, we would not consider purchases of equipment or personal property that do not improve the underlying asset excludable.
https://lao.ca.gov/Publications/Report/4547

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - Makes Additional Adjustments to Address the Budget Problem. To address the budget problem, the budget also makes several other funding changes: Postpones Infrastructure Funding for the City of Fresno.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - Makes Additional Adjustments to Address the Budget Problem. To address the budget problem, the budget also makes several other funding changes: Postpones Infrastructure Funding for the City of Fresno.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The State Appropriations Limit

Apr 21, 2021 - How the Limits Work for Other Entities Proposition   4 n ot only created an appropriations limit for the state, but also for most types of local government entities, including: counties, cities, special districts, and local educational agencies.
https://lao.ca.gov/Publications/Report/4416

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - Moreover, specific budgetary conditions occurring this year —including legislative action taken last year to withdraw more in reserves this year —make interpretation of the budget position more complex.
https://lao.ca.gov/Publications/Report/4951

The 2020-21 Budget: Overview of the California Spending Plan (Final Version)

Oct 5, 2020 - Specifically, the budget makes $ 130  m illion available for cities with populations of 300, 000 o r more, $ 90  m illion available for CoCs, and $ 80  m illion available for counties. To receive funds, the eligible entities must provide a plan to the Homeless Coordinating and Financing Council describing how they have coordinated, and will continue to coordinate, with other local agencies to address homelessness in their region.
https://lao.ca.gov/Publications/Report/4263