The Legislative Analyst’s Office has just published the following report:
The 2020-21 Budget: Structuring the Budget
California has made significant progress in recent years to make its budget more resilient. Yet the process of achieving resilience can never be considered finished. This report lays out a framework for evaluating the budget’s structure using two key tools: reserves and operating surpluses. Using this framework, we evaluate the Governor’s proposed 2020-21 budget structure. We find that building more reserves or preserving a larger operating surplus would be prudent.
This report is available using the following link: https://lao.ca.gov/Publications/Report/4150?utm_source=laowww&utm_medium=email&utm_campaign=4150
This article was released by the Legislative Analyst’s Office.