Rethinking California's Reserve Policy

Apr 10, 2025 - This analogy can be easily extended to the state ’s reserve policy, which can fluctuate from year to year but should be constructed by examining a very long ‑time horizon in order to facilitate the stable provision of  services.
https://lao.ca.gov/Publications/Report/5028

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - Additionally, the budget package includes legislation allowing DGS to use job order contracting for public works projects. Specifically, it would allow DGS to enter into competitively bid, fixed price, indefinite quantity contracts for certain public works.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - Additionally, the budget package includes legislation allowing DGS to use job order contracting for public works projects. Specifically, it would allow DGS to enter into competitively bid, fixed price, indefinite quantity contracts for certain public works.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - Ordered by bill number. Major Features of the 2024‑25 Spending Plan This section briefly describes the major spending actions in the 2024 ‑25 budget package, including some actions that were part of the early action package.
https://lao.ca.gov/Publications/Report/4922

The 2024-25 Budget: Multiyear Budget Outlook

May 23, 2024 - For example, in 2026 ‑27, revenues would need to be at least $11  billion higher than the May Revision forecast in order for the budget to be balanced. Overall, this figure shows that the state budget is likely balanced over the next couple of years, but a budget problem becomes more likely in later years.
https://lao.ca.gov/Publications/Report/4907

The 2023-24 Budget: State Appropriations Limit Estimates

Feb 1, 2023 - One concern is whether or not the state can reduce additional exclud ed spending in order to address the budget problem without incurring a SAL requirement. The administration ’s estimates suggest the Legislature could reduce some additional excluded spending in 2022-23 or 2023-24.
https://lao.ca.gov/Publications/Report/4667

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - If an employer wants to maximize savings, given the option, a supplemental payment likely would be applied to the unfunded liability with the longest remaining amortization period —essentially , paying down the principal in order to minimize the interest costs.
https://lao.ca.gov/Publications/Report/4887

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

Jan 13, 2024 - We take this approach in order to provide the Legislature visibility into the full scope of the administration ’s choices. What Is Our Estimate of the Budget Problem Under the Governor ’s Budget?  We estimate the administration solved a budget problem of $58  billion.
https://lao.ca.gov/Publications/Report/4825

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - We estimate the state has $8.6  billion in one ‑time and temporary spending slated for 2024 ‑25 that can be reduced entirely in order to address the serious budget problem. This  includes spending of: $2.2  billion in transportation, $1.9  billion in natural resources and environment, and $1.8  billion in various education programs.
https://lao.ca.gov/Publications/Report/4819

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

May 17, 2024 - We take this approach in order to provide the Legislature visibility into the full scope of the administration ’s choices. The remainder of this section walks through the sources of our differences with the administration and how those differences impact the budget problem estimate.
https://lao.ca.gov/Publications/Report/4902