CalFacts 2024 [Publication Details]

Dec 2, 2024 - CalFacts presents a wide range of facts and trends about the state's economy, finances, and programs.
https://lao.ca.gov/Publications/Detail/4942

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - Safety Net Reserve. The Governor also proposes withdrawing the entire balance of the Safety Net Reserve—$900 million. Withdrawing the entire balance of the Safety Net Reserve may not be consistent with legislative intent.
https://lao.ca.gov/Publications/Report/4825

Rethinking California's Reserve Policy

Apr 10, 2025 - For example, in 2018 ‑19, the Legislature created the Budget Deficit Savings Account —which was used to temporarily hold a $2.6  billion optional deposit into the BSA —and the Safety Net Reserve —a reserve specifically dedicated to CalWORKs and Medi ‑Cal.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - For instance, safety net programs have higher enrollment during economic downturns. Similarly, state firefighting costs rise significantly in years with larger wildfires. However, sometimes external changes can alter a program ’s scope or the population served in ways that are unanticipated.
https://lao.ca.gov/Publications/Report/4983

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - Safety Net Reserve . Similar to January, the Governor also proposes withdrawing the entire balance of the Safety Net Reserve —$900  million. The Safety Net Reserve was designed to help cover costs of increasing caseload in Medi-Cal and the California Work Opportunity and Responsibility to Kids program in the event of an economic downturn.
https://lao.ca.gov/Publications/Report/4902

With New Deficits Looming, California Will Weigh its Options for Allocating a Large Revenue Windfall

Dec 1, 2020 - Within just a few weeks, the budget process was upended from a discussion about how to allocate a surplus into the much less welcome task of solving a large anticipated deficit problem. Moreover, the situation presented the Legislature with a difficult dilemma.
https://lao.ca.gov/Publications/Report/4305

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - Public Safety Various Public Safety Reductions. The budget reflects numerous reductions to General Fund spending on public safety programs. Notable examples include: $169  million (increasing to $225  million in 2025 ‑26 and ongoing) in reductions to CDCR associated with prison capacity deactivations.
https://lao.ca.gov/Publications/Report/4922

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

Jan 13, 2025 - These include funds for water recycling, wildfire prevention activities at state parks, and dam safety activities. The proposal would then provide a like amount of funding from Proposition  4, the climate bond approved by voters in November 2024.
https://lao.ca.gov/Publications/Report/4951

The 2023-24 Budget: Initial Comments on the Governor's May Revision

May 15, 2023 - In addition, the May Revision proposes reverting $200  million in unspent funds associated with the Middle Class Tax Refund to the General Fund. $450 Million Reserves Uses $450 Million From the Safety Net Reserve.
https://lao.ca.gov/Publications/Report/4769

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - Appendix 4, Figure 6 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Public Safety General Fund (In millions) Organized Retail, Motor Vehicle, and Cargo Theft Prevention Grants (Public Safety Package) $85 Augmentation to California Violence Intervention and Prevention Program 66 Note: Includes augmentations above $50 million BSCC = Board of State and Community Corrections.
https://lao.ca.gov/Publications/Report/4788/4