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 availab le for encumbrance or expenditure until June  30,  2028.)
https://lao.ca.gov/Publications/Report/4626

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

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - We define a delay as an expenditure reduction that occurs in the budget window (2021 ‑22 through 2023 ‑24), but has an associated expenditure increase in a future year of the multiyear window (2024 ‑25 through 2026 ‑27).
https://lao.ca.gov/Publications/Report/4662

New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - This means that a portion of any inflation created by the tax rebate program will be exported to the rest of the U.S. Once dissipated across the nearly $26  trillion U.S. economy, California ’s $9.5  billion in tax refunds represent, at most, a trivial contribution to broader inflationary pressures.
https://lao.ca.gov/Publications/Report/4653

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - The state also limited businesses from claiming more than $5  million in tax credits. The  state also has increased broad ‑based taxes on  a temporary and permanent basis in similar revenue downturns.
https://lao.ca.gov/Publications/Report/4819

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - The administration ’s spending estimates at the time of the budget act included some expenditures that did not meet these criteria. Consequently, those items are not included in our expenditure estimates.
https://lao.ca.gov/Publications/Report/4646

The 2020-21 Budget: California's Fiscal Outlook

Nov 20, 2019 - Ongoing Surplus Drops Below $1   Billion in Alternative Expenditure Scenario. There are a number of risks to the baseline expenditure scenario —including , for example, that the federal government might not approve the MCO tax.
https://lao.ca.gov/Publications/Report/4111

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - Health Reauthorizes MCO Tax and Makes Related Program Augmentations. The budget package includes trailer bill legislation (Chapter  13 of 2023 [A B  119 , Committee on Budget]) to renew a tax on health insurance plans known as the MCO tax.
https://lao.ca.gov/Publications/Report/4788

Federal Spending in California

Jan 18, 2017 - For example, according to the Tax Foundation study, California paid $8,028 per person in federal taxes, ranking the state 9 th on this measure. Coupled with low per-person expenditures, California receives less in federal expenditures compared to what it pays in federal taxes relative to other states.
https://lao.ca.gov/Publications/Report/3531/2

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