New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - New Inflation Poses Not So New Budget Risk Search In Fiscal Perspectives , the Legislative Analyst periodically offers the Legislature his views on fiscal matters facing California. New Inflation Poses Not So New Budget Risk December 15, 2022 Tweet Gabriel PetekLegislative Analyst Persistent high inflation presents federal and state policymakers with an economic problem not seen in roughly four decades.
https://lao.ca.gov/Publications/Report/4653

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - In contrast, inflationary pressures are incorporated into the Department of Health Care Service’s process for setting capitated rates in Medi‑Cal managed care. This process uses a variety of sources of data and projections of costs and prices.
https://lao.ca.gov/Publications/Report/4647

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - That said, recent budgets have set the SFEU bet ween $3.5  billion and $4.5  billion, so the Governor ’s budget proposal to set the balance to $4.5  billion is generally in line with recent policy.
https://lao.ca.gov/Publications/Report/5101

A Framework for Allocating Federal Recovery Funds

May 4, 2021 - The magnitude of the federal package represents a unique opportunity for the state to take significant steps towards addressing various longstanding challenges that the pandemic has served to magnify.
https://lao.ca.gov/Publications/Report/4422

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - We provided further detail and updated estimates of these solutions in our January report, The 2025 ‑26 Budget: Overview of the Governor ’s Budget (see Appendix 1 ). Without this legislative action, the current budget problem would be substantially larger.
https://lao.ca.gov/Publications/Report/5044

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - As we described in our November Fiscal Outlook , the recent stronger-than-expected revenue trends are almost entirely explained by the personal income tax (PIT), which has seen double digit growth this year.
https://lao.ca.gov/Publications/Report/5104

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

Jan 13, 2022 - Many of the proposals also would seek to increase diversity within existing  occupations. LAO Comment: Can So Many New Efforts Be Effectively Launched at Once? The sheer number of new proposals to plan, implement, and administer may make it difficult for the agencies to carry out the programs effectively.
https://lao.ca.gov/Publications/Report/4492

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

Jan 10, 2021 - (For our previous analysis of California Competes see: Review of the California Competes Tax Credit. For our previous analysis of the CAEATFA exclusion see: Evaluation of a Sales Tax Exemption for Certain Manufacturers.)
https://lao.ca.gov/Publications/Report/4309

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - The existing film tax credit (Program 3.0) was set to sunset on June  30, 2025. This new iteration of the program includes set safety provisions under a new pilot program, refundability for tax credits, and new program elements aimed at increasing diversity in California ’s film industry.
https://lao.ca.gov/Publications/Report/4814

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

Jan 13, 2024 - As the left side of Figure  1 shows, we estimate the administration counts about $21  billion in budget solutions as baseline changes. The largest of these changes impacts schools and community colleges.
https://lao.ca.gov/Publications/Report/4825