Rethinking California's Reserve Policy

Apr 10, 2025 - In March of 2004, on the heels of the dot ‑com bust, voters passed Proposition  58, which created the Budget Stabilization Account (BSA). In the 2006 ‑07 budget, the Legislature deposited $472  million into the BSA and in 2007 ‑08 deposited $1.5  billion.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - All Other Changes Improve Budget Bottom Line by $2   Billion. Across the rest of the budget, the administration estimates a net improvement of $2  billion to the General Fund bottom line. The  largest component is a $1.5  billion upward revision to the entering fund balance, primarily driven by higher ‑than ‑expected reversions of unspent funds and lower required Proposition  2 (2014) debt payments.
https://lao.ca.gov/Publications/Report/5044

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - The major solution in the resources and environment area is the shift of nearly $2  billion of California Department of Forestry and Fire Protection costs from the General Fund to the Greenhouse Gas Reduction Fund.
https://lao.ca.gov/Publications/Report/5052

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - The 2025-26 Budget: Initial Comments on the Governor's May Revision Initial Comments on the Governor’s May Revision Appendix 2: General Fund Budget Solutions in the 2025-26 May Revision
https://lao.ca.gov/Publications/Report/5044/2

Rethinking California’s Reserve Policy (Panel 2) [Publication Details]

May 7, 2025 - Rethinking California’s Reserve Policy (Panel 2) [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5041

Reserves, Proposition 2, and the Budget Stabilization Account (Panel 1) [Publication Details]

May 7, 2025 - Reserves, Proposition 2, and the Budget Stabilization Account (Panel 1) [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5040

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - This post presents our office’s forecast of the condition of the state General Fund budget through 2028-29 under our revenue estimates and assuming the Governor’s May Revision policies were adopted.
https://lao.ca.gov/Publications/Report/5052/1

The 2025-26 Budget: Multiyear Budget Outlook [Publication Details]

May 24, 2025 - This post presents our office’s forecast of the condition of the state General Fund budget through 2028-29 under our revenue estimates and assuming the Governor’s May Revision policies were adopted.
https://lao.ca.gov/Publications/Detail/5052

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - Examples of these metrics are described in Figure  2. Figure 2
https://lao.ca.gov/Publications/Report/4983

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

Jan 13, 2025 - Specifically, the Governor ’s budget assumes (1)  a $620  million ($230  million General Fund) reduction through the permanent elimination of 6,500 vacant positions and associated funding and (2)  a $1.5  billion ($820  million General Fund) in 2024 ‑25 and $2  billion ($1.2  billion General Fund) in 2025 ‑26 and ongoing reduction to state operations expenditures.
https://lao.ca.gov/Publications/Report/4951