State Appropriations Limit News Today

This post provides a brief summary of the administration’s state appropriations limit-related estimates under the Governor’s budget.

Our annual Fiscal Outlook publication gives our office’s independent assessment of the California state budget condition for the upcoming fiscal year and over the longer term. In this report, we anticipate the state will have a $25 billion budget problem to solve in the upcoming fiscal year and operating deficits declining from $17 billion to $8 billion over the multiyear period. The goal of this report is to help the Legislature begin crafting the 2023‑24 budget. Our analysis relies on spec...

The California state budget is the largest in the nation, and it also represents the largest bill in page length and number of provisions. While its

There are two candidates on the Nov. 8 ballot for a four-year term as state treasurer: Republican Cudahy City Council member, CPA and economist Jack Guerrero is challenging Democratic incumbent/CPA Fiona Ma.

Despite calling the program “inflation relief,” Gov. Gavin Newsom’s plan to send California’s middle-class families up to $1,050 ...

The Legislative Analyst's Office has just published the following report:The 2022-23 Budget: Multiyear Budget Outlook The Key Takeaways of

A spending limit formula voters set in 1979, combined with surpluses in the tens of billions of dollars, put California lawmakers in a quandary.

Given the persistent strength in state tax collections, it may come as a surprise that California’s General Fund likely faces a budget problem in the coming years. Yet this is the key takeaway from a recent fiscal analysis of 10,000 possible revenue scenarios conducted by our office. In 95 percent of our simulations, the state encountered a budget problem by 2025-26. Notably, the likelihood of a budget problem largely is impervious to the future trajectory of state tax revenues. That is, wheth...

The California Legislative Analyst's Office will provide periodic updates with the key takeaways from recent pieces.

Our annual Fiscal Outlook publication gives our office’s independent assessment of the California state budget condition for the upcoming fiscal year and over the longer term. In this report, we anticipate the state will have a $31 billion surplus to allocate in the upcoming fiscal year and operating surpluses ranging from $3 billion to $8 billion over the multiyear period. We also find the state will need to allocate about $14 billion to meet the constitutional requirements of the State Appro...