The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - Appendix Note: In the online version of this report, we include a series of Appendix tables that have detailed information on the discretionary choices in the 2022‑23 Budget Act. 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/4616

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

Jan 10, 2021 - The Governor proposes to pay down $8.4  billion of this amount, with districts receiving the associated cash in 2021 ‑22. Slightly more than $4  billion would remain deferred from 2021 ‑22 to 2022 ‑23.
https://lao.ca.gov/Publications/Report/4309

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - The budget extends the state ’s COVID-19 sick leave policy by three months, from September 30, 2022 to December 31, 2022. The state ’s COVID-19 sick leave policy requires employers to provide workers up to 40 hours of sick leave to use if (1)  under COVID-19 isolation, (2)  attending a vaccine appointment, or (3)  experiencing COVID-19 symptoms.
https://lao.ca.gov/Publications/Report/4626

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Under our outlook, the state allocates about 40 percent of General Fund revenue to K ‑14 education each year of the budget window. As such, consistent with General Fund tax revenue increases, our estimate of required General Fund spending on schools and community colleges for 2020 ‑21 and 2021 ‑22 increases by almost $11  billion.
https://lao.ca.gov/Publications/Report/4472

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

Sep 30, 2022 - We understand the CERF includes direct COVID-19 response expenditures of $1.9  billion in 2021-22 and $2.5  billion in 2022-23, nearly $2  billion in emergency rental relief assistance (in 2021-22), just over $1  billion for healthcare worker retention payments (in 2021-22), $1.2  billion for energy utility arrearages (in
https://lao.ca.gov/Publications/Report/4631

The 2021-22 Budget: Multiyear Budget Outlook

May 23, 2021 - (For more discussion of our assumptions, please see: The 2021‑22 Budget: May Revenue Outlook .) As the figure shows, under these estimates, the state would have an operating deficit in 2022‑23, but operating surpluses in the subsequent two years.
https://lao.ca.gov/Publications/Report/4437

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - As   Figure  4 shows, we anticipate revenues will decline between 2021 ‑22 and 2022 ‑23 by more than the budget act anticipated, but then remain largely flat between 2022 ‑23 and 2024 ‑25, before growing again in the last two years of the outlook.
https://lao.ca.gov/Publications/Report/4646

The 2022-23 Budget: California's Fiscal Outlook Press Availability - The 2022-23 Budget: California's Fiscal Outlook Press Availability [Video]

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video The 2022-23 Budget: California 's Fiscal Outlook Press Availability November 17, 2021 Video Selection The 2022-23 Budget: California 's Fiscal Outlook Press Availability Subscribe | California State Legislature | Online
https://lao.ca.gov/Videos/Player?playlistId=116

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

Nov 17, 2021 - Under this scenario, the guarantee would decrease about 40 cents for each dollar of lower revenue. Depending on the nature of those revenue reductions, the decrease in the guarantee could be temporary or ongoing.
https://lao.ca.gov/Publications/Report/4473

Strong Tax Collections Belie California's Challenging Fiscal Outlook

Apr 26, 2022 - As displayed in Figure  1, this spread briefly fell into negative territory in early April 2022, from 1.29  percentage points on October 8, 2021. While a temporary yield curve inversion alone is hardly a comprehensive basis on which to make state fiscal policy, its occurrence is cautionary.
https://lao.ca.gov/Publications/Report/4590