Rethinking California's Reserve Policy

Apr 10, 2025 - However, using data from the Fiscal Survey of States put together by the National Association of State Budget Officers, California ’s rainy day fund balances are somewhat below average. Figure  7 shows states ’ rainy day funds as a share of total spending in 2024.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - 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. This section offers some questions to determine how to focus those efforts.
https://lao.ca.gov/Publications/Report/4983

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