The 2021-22 Spending Plan: Other Provisions

Sep 23, 2021 - From the increased amount of credits, $75  million is for recurring television series and $15  million is for television series that relocate to California from other states. The budget package also places new limits on the total amount of credits any one recurring television series may receive.
https://lao.ca.gov/Publications/Report/4452

Rethinking California's Reserve Policy

Apr 10, 2025 - Comparing California ’s current reserve policy to other states offers another perspective on the shortcomings of Proposition  2. Figure  6 shows a measure of state revenue volatility put together by researchers at the Pew Charitable Trusts using 15 years of revenue collection data.
https://lao.ca.gov/Publications/Report/5028

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

Nov 15, 2024 - California's Legislative Analyst's Office and the Value of Independence Search In Fiscal Perspectives , the Legislative Analyst periodically offers the Legislature his views on fiscal matters facing California.
https://lao.ca.gov/Publications/Report/4938

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - This section offers some questions to determine how to focus those efforts. What Is the Distribution of General Fund Commitments? Figure  1 shows the relative size and expected growth rates of major General Fund programs.
https://lao.ca.gov/Publications/Report/4983

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The CCFPL authorizes DFPI to promulgate regulations requiring a registration process for businesses offering consumer financial products or services that were previously unregulated. Most recently, DFPI received three-year, limited-term funding for this program in the 2021-22 budget.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The CCFPL authorizes DFPI to promulgate regulations requiring a registration process for businesses offering consumer financial products or services that were previously unregulated. Most recently, DFPI received three-year, limited-term funding for this program in the 2021-22 budget.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - On the one hand, reserves offer an expedient solution to the problem. At $27  billion, the state ’s discretionary reserve balances are roughly equivalent to the size of the deficit as estimated in January.
https://lao.ca.gov/Publications/Report/4762

New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - Reserves Offer Insurance Against Downside Risk By far, the biggest fiscal threat posed by inflation is its propensity to raise the risk of a recession. The main budget risk of a recession is the likely revenue loss that would accompany it and strain the state ’s ability to fund its commitments.
https://lao.ca.gov/Publications/Report/4653

The 2020-21 Budget: Proposition 2 Debt Payment Proposals [Publication Details]

Mar 10, 2020 - The Governor offers one strategy to prioritize these funds over the next few years. Notably, the Governor focuses on the state’s share of the unfunded liability for teachers’ pensions. While we agree this focus makes sense, the amounts the Governor proposes dedicating to this purpose are not connected to the specific actuarial needs of the teachers’ pension system.
https://lao.ca.gov/Publications/Detail/4196

COVID-19 and California’s Evolving Fiscal Outlook

Mar 18, 2020 - Below, we offer some initial observations on the recent volatility in financial markets, palpably sharp reduction in economic activity, and the state ’s fiscal position at the outset of this episode.
https://lao.ca.gov/Publications/Report/4203