LAO: Strengthen State Budget Reserves
March 8. 2018
With the threat of another recession looming ahead, the Legislative Analyst’s Office (LAO) recently published a report opining on the adequacy of Governor Brown’s proposed level of budget reserves. The LAO recommends that the Legislature build additional reserves and surpass the Governor’s target in order to be better prepared for the next inevitable downturn in California’s economy. For background information on the State’s reserve policies and details on the LAO’s recommended framework, the full report is accessible here.