LAO Main Scenario Multiyear Budget Outlook

 Under the LAO outlook, the balance in the Special Fund for Economic Uncertainties (SFEU), the state’s traditional reserve account, is $2.258 billion at the end of 2015-16 under the Governor’s policies, compared to the $1.113 billion under the administration’s estimates. This means that, under the LAO estimates, there would be $1.1 billion more of discretionary resources available for the 2015-16 state budget than indicated under the May Revision estimates.