The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - This evaluation applies to both traditional spending programs and tax expenditures. Why Is It Particularly Important Now? State Faces Notable Deficits After 2025-26, Meaning Difficult Choices Are Ahead.
https://lao.ca.gov/Publications/Report/4983

The 2021-22 California Spending Plan: The State Appropriations Limit

Aug 30, 2021 - The Legislature can use excess revenues in three ways: (1)  appropriate more money for purposes excluded from the state appropriations limit (SAL), (2)  split the excess between additional school and community college district spending and taxpayer rebates, or (3)  lower tax revenues.
https://lao.ca.gov/Publications/Report/4449

The 2022-23 California Spending Plan: The State Appropriations Limit

Sep 30, 2022 - The Constitution allows refunds of taxes to be excluded from appropriations subject to limit (see: Section 8(a) of Article XIIIB of the California Constitution). As a result, these types of tax refunds are scored as spending rather than revenue reductions.
https://lao.ca.gov/Publications/Report/4631

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - California Competes is a program that allows GO-Biz to provide tax incentives for companies to stay in, relocate to, or expand in California. In recent years, funds have been made available for a grant program in addition to tax credits.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - California Competes is a program that allows GO-Biz to provide tax incentives for companies to stay in, relocate to, or expand in California. In recent years, funds have been made available for a grant program in addition to tax credits.
https://lao.ca.gov/Publications/Report/4934

The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal

Feb 4, 2022 - The  Constitution also allows expenditures on emergencies to be excluded from appropriations subject to the limit. However, those expenditures must meet three specific conditions. The spending must be: (1)  related to an emergency declaration by the Governor, (2)  approved by a two ‑thirds vote of the Legislature, and (3)  dedicated to an account for expenditures relating to that emergency.
https://lao.ca.gov/Publications/Report/4515

Rethinking California's Reserve Policy

Apr 10, 2025 - Those are: Raise BSA Cap to 20   Percent of General Fund Taxes. The Governor proposes raising the reserve cap from 10 percent of General Fund taxes to 20 percent of General Fund taxes. This would not have any impact on the rules that set aside funds each year, but would mean the state would save more cumulatively over time.
https://lao.ca.gov/Publications/Report/5028

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - (System stabilization funding is available for encumbrance or expenditure until June 30, 2026, and technology modernization funding is available for encumbrance or expenditure until June  30,  2028.)
https://lao.ca.gov/Publications/Report/4626

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - We define a delay as an expenditure reduction that occurs in the budget window (2022-23 through 2024-25), but has an associated expenditure increase in a future year of the multiyear window (2025-26 through 2027-28).
https://lao.ca.gov/Publications/Report/4902

An Update on California’s Cash Management Situation

Aug 31, 2020 - The preferred source for comparing budget projections to cash actuals are Agency cash reports, for example, as displayed on the LAO Economy and Taxes Blog .) Significant Federal Reimbursements for COVID-19 Direct Expenditures Anticipated in 2020-21.
https://lao.ca.gov/Publications/Report/4266