The 2023-24 Budget: California's Fiscal Outlook [Publication Details]

Nov 16, 2022 - Our analysis relies on specific assumptions about the future of the state economy, its revenues, and its expenditures. Consequently, our estimates are not definitive, but rather reflect our best guidance to the Legislature based on our professional assessments as of November 2022.
https://lao.ca.gov/Publications/Detail/4646

Fiscal Outlook: Medi-Cal

Nov 15, 2017 - Taking growth in caseload and per-enrollee costs together, we estimate underlying General Fund expenditure growth in Medi-Cal of about $950  million in 2018 ‑19, with underlying expenditures growing by an additional roughly $1  billion each year through 2021 ‑22.
https://lao.ca.gov/Publications/Report/3715

Taking Stock of California’s Recession Readiness

Feb 12, 2020 - The state ’s operating position, which refers to its annual revenues relative to expenditures, also influences its fiscal resilience. When multiyear estimates show that revenues will exceed expenditures on a recurring basis, there is an operating surplus (when annual expenditures exceed ongoing revenues, there is an operating deficit).
https://lao.ca.gov/Publications/Report/4156

The 2020-21 Budget: California's Spring Fiscal Outlook

May 8, 2020 - First, reserves will reduce the need for expenditure reductions or revenue increases —every dollar of reserves held today is a dollar in one ‑time programmatic cuts that can be avoided. Second, reserves allow the state to phase in reductions to expenditures more slowly, reducing their potential impact during the most acute period of the public health and economic crisis.
https://lao.ca.gov/Publications/Report/4228

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The budget assumes that $ 79  m illion of fuel tax revenue will be transferred to the State Parks and Recreation Fund (SPRF) in 2018 ‑19 as a result of Chapter   5 o f 2017 (S B  1 , Beall). This is an increase of $ 25  m illion from the amount transferred in 2017 ‑18, which primarily reflects the full implementation of the fuel tax increases established in S B  1 .
https://lao.ca.gov/Publications/Report/3870/9

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The state ’s largest three General Fund taxes —the personal income tax, sales and use tax, and corporation tax —are projected to increase 4  p ercent. Figure 3
https://lao.ca.gov/Publications/Report/3870

An Extraordinary Moment in California's Fiscal History

Apr 11, 2019 - Another worthy consideration would be to put more funds into the state’s budget reserves rather than unwind certain expenditure deferrals. In our 2018 November fiscal outlook, we estimated that in order to cover the budget problem associated with a moderate recession without cutting programs or raising taxes, the state would require budget reserves of $25 billion.
https://lao.ca.gov/Publications/Report/4003

The 2018-19 May Revision: LAO Multiyear State Budget Outlook

May 17, 2018 - Together, these one-time spending proposals keep spending growth very low overall in our expenditure projections. As such, these proposals also help prepare the budget to withstand a future recession.
https://lao.ca.gov/Publications/Report/3843

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - Recently, corporation tax collections have grown faster than anticipated while personal income tax collections have grown somewhat slower. The administration assumes that this pattern will continue. This is because they attribute the pattern to partnerships, which are taxed under the personal income tax, changing to corporations in response to 2017 federal tax changes.
https://lao.ca.gov/Publications/Report/4135

Overview of the Governor’s December 2010 Special Session Proposals [Publication Details]

Dec 7, 2010 - Under the proposal, the fuel tax revenues that would have helped the General Fund prior to Proposition 22 would now be available for transportation programs. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/2376