The California Legislative Analyst’s Office has just published the following report:
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. While the state faces a historic surplus, a spending level beyond what is proposed by the Governor would require the Legislature to identify proposals to reject. Moreover, our analysis finds that the level of ongoing spending proposed by the Governor is only supportable with a revenue forecast that is more optimistic than the administration’s current estimates.
This report is available using the following link: https://lao.ca.gov/Publications/Report/4437?utm_source=laowww&utm_medium=email&utm_campaign=4437