The 2021-22 Budget: Multiyear Budget Outlook
Multiyear Budget Outlook This report presents our office’s independent assessment of the condition of the state General Fund budget through 2024‑25 assuming the economy continues to grow. The first section of the report presents our analysis of the budget condition under two different revenue forecasts. Throughout this analysis, we use our own forecast of expenditures assuming May Revision proposals are adopted. The second section provides our comments, including the implications of the state appropriations limit (SAL). Analysis Under Our Revenue Forecast, Budget Would Remain Largely Bala...
Source: ca.gov