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State Budget Condition Publications

To browse all LAO publications, visit our Publications page.


 




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The 2024-25 Budget: Deficit Update

February 20, 2024 - This report provides an update on the size of the state deficit based on our recent revenue projections and provides options for the Legislature to address that larger deficit.

Report

Key Fiscal and Policy Issues Facing California

February 7, 2024 - Key Fiscal and Policy Issues Facing California identifies some of the biggest and most complex policy issues facing the state and its policymakers. Given the significance and complexity of these issues, our discussion of each issue is necessarily high level and does not provide recommendations. Rather, our hope is that Key Issues can serve as a helpful resource to the Legislature as it evaluates fiscal and policy solutions aimed at tackling some of the state's most challenging, but critical, long-term issues.

Handout

The 2024-25 Budget: Overview of the Governor’s Budget

January 23, 2024 - Presented to: Senate Committee on Budget and Fiscal Review

Handout

The 2024-25 Budget: Overview of the Governor’s Budget

January 23, 2024 - Presented to: Assembly Committee on Budget

Report

The 2024-25 Budget: Overview of the Governor's Budget

January 13, 2024 - On January 10, 2024, Governor Newsom presented his proposed state budget to the California Legislature. In this report, we provide a brief summary of the Governor’s budget based on our initial review as of January 12. In the coming weeks, we will analyze the plan in more detail and release many additional issue-specific budget analyses.

Report

The 2024-25 Budget: California's Fiscal Outlook

December 7, 2023 - Each year, our office publishes the Fiscal Outlook in anticipation of the upcoming budget season. The goal of this report is to give the Legislature our independent estimates and analysis of the state’s budget condition as lawmakers begin planning the 2024-25 budget.

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The 2023-24 California Spending Plan: Other Provisions

November 8, 2023 - This post discusses features of the state's spending plan that were not covered elsewhere in the 2023-24 Spending Plan series.

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The 2023-24 Budget: Overview of the Spending Plan (Final Version)

October 16, 2023 - This publication provides a preliminary overview of the 2023-24 Budget Act, gives a brief description of how the budget process unfolded, and then highlights major features of the budget.

Report

The 2023-24 Budget: California Spending Plan Series

October 2, 2023 - Each year, our office publishes California Spending Plan, a series of publications that summarize the annual state budget. The final version of Overview of the California Spending Plan is presented here along with short online posts that focus on major areas and features of the 2023-24 budget package. As these posts become available, we will add them below.

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Supplemental Report of the 2023-24 Budget Act

September 29, 2023 - The Supplemental Report of the 2023-24 Budget Act contains statements of legislative intent and requests for studies that were adopted by the Legislature during deliberations on the 2023-24 budget package.

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Overview of the Legislature’s Budget Package

June 14, 2023 - Presented to: Senate Committee on Budget and Fiscal Review

Brief

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - This brief presents our office’s independent assessment of the condition of the state General Fund budget through 2026‑27 under our forecast of revenues and spending, assuming the Governor’s May Revision policies were adopted.

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The 2023-24 May Revision: LAO Analyses

May 15, 2023 - As our office publishes responses to the Governor's 2023-24 May Revision, we will add them to this index page.

Brief

The 2023-24 Budget: Initial Comments on the Governor's May Revision

May 15, 2023 - On May 12, 2023, Governor Newsom presented a revised state budget proposal to the Legislature. (This annual proposed revised budget is called the “May Revision.”) In this brief, we provide a summary of and comments on the Governor’s revised budget, focusing on the overall condition and structure of the state General Fund—the budget’s main operating account.

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Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

April 19, 2023 - Through the final months of the 2023-24 budget process, California’s Legislature will make numerous important decisions regarding the allocation of state resources in the context of a budget problem. Few choices will be as consequential for the state’s medium-term fiscal outlook as whether or not to draw upon its budget reserves to close a projected deficit.

State Budget Condition Staff

Ann Hollingshead
(916) 319-8305
State Budget and Federal Funding
 
Carolyn Chu
(916) 319-8326
Chief Deputy Legislative Analyst