Rethinking California's Reserve Policy

Apr 10, 2025 - These changes included: (1)  new rules for deposits into the BSA, (2)  limitations on the Legislature ’s ability to access the fund, and (3)  a new maximum level for constitutional deposits into the fund.
https://lao.ca.gov/Publications/Report/5028

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

Jan 13, 2025 - This  would result in maintaining prior funding levels for these activities but would preclude this amount of Proposition  4 funds from supporting expanded service levels or additional projects. Spending and Tax Expenditure Proposals New Spending Proposals of Nearly $600   Million.
https://lao.ca.gov/Publications/Report/4951

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - This fiscal oversight requires assessing (1)  what the key program goals and expected outcomes are, (2)  the extent to which programs are delivering those expected outcomes, (3)  whether programs ’ costs align with expectations, and (4)  whether the benefits justify the costs.
https://lao.ca.gov/Publications/Report/4983

Rethinking California's Reserve Policy [Publication Details]

Apr 10, 2025 - In this report, we assess proposed changes by the Governor to the state’s reserve policy and put forward our own recommendations that would allow the state to save enough in reserves to be able to afford its core service level over the long-term.
https://lao.ca.gov/Publications/Detail/5028