The 2021-22 Budget

California's Fiscal Outlook

The annual Fiscal Outlook publication gives our office’s independent assessment of the California state budget condition for the upcoming fiscal year and over the longer term. We find the budget situation has improved considerably relative to the June budget act with an estimated $26 billion windfall in 2021-22. However, the state also faces an operating deficit beginning in 2021-22 and throughout the outlook period, growing to $17 billion by 2024-25. Our analysis also finds it is quite unlikely for revenues to grow fast enough for the budget to break even and erase the operating deficit.

In addition to The 2021-22 Budget: California’s Fiscal Outlook report and the accompanying The 2021-22 Budget: The Fiscal Outlook for Schools and Community Colleges report, several related posts on health and human services, economics and taxes, and other issues will be published in the coming days.

California's Fiscal Outlook

The Fiscal Outlook for Schools and Community Colleges

Press Conference Video

Perspectives from the Legislative Analyst

Economics and Taxation
2021-22 Fiscal Outlook Revenue Estimates
2021-22 Fiscal Outlook Economic Assumptions
Health and Human Services
Medi-Cal Fiscal Outlook
CalWORKs Fiscal Outlook
Criminal Justice
State Correctional Population Outlook