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What is Legislative Analysts Office

Legislative Analyst’s Office (LAO): A non-partisan organization which gives advice to the Legislature on the fiscal and policy matters. For illustration, the LAO annually publishes a full analysis of the Governor's Budget and this document becomes the preliminary foundation for legislative hearings on the Budget Bill.

   Related Questions in Finance Basics

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    Budget Year (BY): The next state fiscal year, starting July 1 and ending June 30, for which the Governor's Budget is proposed (that is, the year following the present fiscal year).

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  • Q : Describe Reappropriation

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