Rethinking California's Reserve Policy

Apr 10, 2025 - In this report, when revenues are insufficient for the state to pay for its core service level, we describe the difference as a funding shortfall. A funding shortfall is distinct from a budget deficit, which occurs when revenues are insufficient for the state to pay for all of its currently authorized services (not just core services).
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - However, proactive efforts to help improve the amount of information that is available could help the Legislature gain sufficient insight so as to determine which programs to prioritize over others. Are Programs Providing Expected Benefits?
https://lao.ca.gov/Publications/Report/4983

The 2025-26 Budget: Undertaking Fiscal Oversight [Publication Details]

Feb 24, 2025 - This post provides guidance to the Legislature for conducting fiscal oversight. As outlined in our November Fiscal Outlook, we advise the Legislature to use the 2025-26 budget process to conduct robust fiscal oversight of state programs.
https://lao.ca.gov/Publications/Detail/4983