LAO Publishes 2019-20 Preliminary California Spending Plan
On Thursday, the California Legislative Analyst’s Office (LAO) released a preliminary version of its “California Spending Plan” report which summarizes the annual state budget. The publication details the 2019-20 Budget Act and its significant features approved by the Legislature and signed by the Governor through July 16, 2019. Later this fall, the LAO will release a final version of the publication, as well as a series of issue-specific posts reflecting budgetary actions taken later in the legislative session.
According to the LAO publication, the budget assumed total state spending of $208.9 billion (excluding federal and bond funds), representing an increase of two percent over revised totals for 2018-19. General Fund spending for 2019-20 is $147.8 billion, which is an increase of $5.1 billion or four percent over the revised 2018-19 level. Special fund spending is roughly flat from 2018-19 to 2019-20. The report also assesses how the 2019-20 budget package allocates the state’s $21.5 billion surplus. The LAO further details major components of the budget package, including tax and revenue policy changes, debt and liability payments, and various education, health and human services, and housing and homelessness programmatic investments.
The preliminary “California Spending Plan” report is available here.