Rethinking California's Reserve Policy

Apr 10, 2025 - This makes the state ’s reserve policy more like an individual saving for retirement. A person saving for retirement does not know how long they will live or exactly what their expenses will be in retirement, but they nonetheless must plan for this eventuality by making the best possible choices in the meantime.
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

California's Legislative Analyst's Office and the Value of Independence

Nov 15, 2024 - A nonpartisan and independent assessment of the state ’s fiscal trajectory, developed on its behalf, ensures the Legislature has a credible basis for making its own budget decisions. The added complexity from the alternative revenue estimates making this possible is a worthwhile price to pay.
https://lao.ca.gov/Publications/Report/4938

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

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - To help address the budget problem, the spending plan makes a number of changes to one ‑time and temporary funding that was agreed to in previous budgets for climate, resources, and environmental programs.
https://lao.ca.gov/Publications/Report/4922

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - Makes Additional Adjustments to Address the Budget Problem. To address the budget problem, the budget also makes several other funding changes: Postpones Infrastructure Funding for the City of Fresno.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - Makes Additional Adjustments to Address the Budget Problem. To address the budget problem, the budget also makes several other funding changes: Postpones Infrastructure Funding for the City of Fresno.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2024-25 Budget: Multiyear Budget Outlook

May 23, 2024 - May Revision Makes Substantial Progress Toward Structural Balance. The May Revision puts the state on better fiscal footing and makes substantial progress toward structural balance. By pulling back substantially on one-time and temporary spending, as well as making some ongoing reductions, the Governor ’s May Revision shrinks the state ’s
https://lao.ca.gov/Publications/Report/4907

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Accordingly, the state annually makes supplemental pension payments from the General Fund towards the state ’s pension unfunded liabilities. Proposition 2 Proposition   2 Contains Annual Debt Payment Requirement.
https://lao.ca.gov/Publications/Report/4887

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - The Legislature can only suspend mandatory deposits or make withdrawals from either of its two constitutional reserves —the BSA and the Proposition  98 Reserve —if the Governor declares a budget emergency.
https://lao.ca.gov/Publications/Report/4819