A Framework for Allocating Federal Recovery Funds

May 4, 2021 - In light of this, and given that the federal government already has provided substantial assistance to individuals, businesses, and local governments, we recommend not allocating all of the recovery funds this year.
https://lao.ca.gov/Publications/Report/4422

The 2024-25 Budget: Multiyear Budget Outlook

May 23, 2024 - The light green line shows the amount of revenue the state would need to “break even ” —that is, the level of revenue the state would need to be able to afford the level of spending proposed in the May Revision.
https://lao.ca.gov/Publications/Report/4907

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

Jan 13, 2025 - The Governor ’s budget revenue upgrade, while somewhat higher than ours, is reasonable in light of the recent collection trends. That being said, we continue to be concerned that recent gains are on shaky ground.
https://lao.ca.gov/Publications/Report/4951

The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - Purchases that improve an asset can include, for example, heat and cooling systems, lighting, windows and window treatments, and elevators and lifts. Similarly, maintenance of assets, like the labor costs for making repairs, also can be excluded as long as the underlying asset meets the criteria above.
https://lao.ca.gov/Publications/Report/4547

The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - The Legislature a lso could evaluate most, if not all, of the Governor ’s one-time proposals (beyond the facility proposals) in light of the new federal relief package, which has funding for the same purposes.
https://lao.ca.gov/Publications/Report/4309

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Figure  2 displays the distribution of the most likely revenue outcomes over the multiyear (in light purple). As seen in the figure, while the revenues required to balance the budget (in green) are optimistic, but plausible, in the budget window, they are improbable in the out ‑years.
https://lao.ca.gov/Publications/Report/4772

New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - These analyses allow us to evaluate two key questions that come to mind in light of the current period of high inflation. First, what is the main channel through which high inflation affects the state’s budget condition?
https://lao.ca.gov/Publications/Report/4653

Strong Tax Collections Belie California's Challenging Fiscal Outlook

Apr 26, 2022 - In light of the constraints presented by the SAL, creating additional budget resilience would help shield the Legislature’s policy priorities in future years. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/4590

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - This is especially true in light of recent program roll ‑outs. Specifically, these new proposals would be in addition to the more than 20 workforce items funded as part  of  the  2021 ‑22 budget. LAO Comment: How Do the Proposals Work Together to Meet Clear Goals?
https://lao.ca.gov/Publications/Report/4492

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - Moreover, in light of the magnitude of the recent augmentations, programs may not be working as expected, capacity issues may have constrained implementation, or other unforeseen challenges may have emerged.
https://lao.ca.gov/Publications/Report/4646