Rethinking California's Reserve Policy

Apr 10, 2025 - Throughout this period, as shown on the right side of Figure  3, the SFEU balance was generally enacted around 1  percent to 3  percent of revenues —very small compared to the reserves and surpluses of the decades before.
https://lao.ca.gov/Publications/Report/5028

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

Jan 13, 2025 - (On a technical basis, under the administration ’s estimates, we estimate the balance of the Special Fund for Economic Uncertainties [SFEU] would be about $3  billion before the Governor ’s proposals.)
https://lao.ca.gov/Publications/Report/4951

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - This fiscal oversight requires assessing (1)  what the key program goals and expected outcomes are, (2)  the extent to which programs are delivering those expected outcomes, (3)  whether programs ’ costs align with expectations, and (4)  whether the benefits justify the costs.
https://lao.ca.gov/Publications/Report/4983

The 2021-22 Budget: The Governor’s Suspension Proposal

Jan 29, 2021 - Figure 3 General Fund Cost of Rejecting Governor ’s Proposal (In Millions)
https://lao.ca.gov/Publications/Report/4328

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Similarly, the number of Californians who are unemployed is 25  percent higher than during the strong labor markets of 2019 and 2022. Consumer spending (measured by inflation ‑adjusted retail sales and taxable sales) has continued to decline throughout  2024.
https://lao.ca.gov/Publications/Report/4939

The 2020-21 Budget: California's Spring Fiscal Outlook

May 8, 2020 - Assume Cost ‑Adjusted 2019 ‑20 Funding for Schools and Community Colleges. To estimate the budget problem under the two scenarios, we assume the state funds schools and community colleges in 2020 ‑21 at the enacted 2019 ‑ 20 l evel, adjusted for inflation and attendance.
https://lao.ca.gov/Publications/Report/4228

The 2020-21 Budget: Overview of the California Spending Plan (Final Version)

Oct 5, 2020 - The 2019 ‑ 20 b udget plan included a $2. 3  b illion supplemental pension payment on behalf of schools and community colleges. Of this $2. 3  b illion, $1. 6  b illion was for the California State Teachers ’ Retirement System (CalSTRS) and $ 660  m illion was for CalPERS.
https://lao.ca.gov/Publications/Report/4263

The 2021-22 Budget: The Governor’s Proposition 2 Proposals

Apr 26, 2021 - Across the budget window, the state would need to make required BSA deposits of $7.6  billion, which has three components: $1  Billion True Up for 2019 ‑20. Under the administration ’s revenue estimates, the state would need to make a true up deposit of $1  billion in 2019 ‑20.
https://lao.ca.gov/Publications/Report/4418

An Update on California’s Cash Management Situation

Aug 31, 2020 - However, the state had a significant cash surplus in July as that was the major revenue collection month for the 2019 tax year. Available Cash Cushion. The inset of Figure 3 shows that the state ’s available cash cushion is expected to stay around $30  billion to $40  billion for most of the year.
https://lao.ca.gov/Publications/Report/4266

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget also provides $3  million on a one-time basis in 2024-25 from various funds to support five entities —the Structural Pest Control Board. California Architects Board, Landscape Architects Technical Committee; Cemetery and Funeral Bureau;; and the Bureau of Household Goods and Services —to continue implementation and support of new IT systems to support these entities ’ regulatory activities.
https://lao.ca.gov/Publications/Report/4934