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


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[PDF] The 2023-24 Budget: Overview of the Governor's Budget

January 13, 2023 - On January 10, 2023, Governor Newsom presented his proposed state budget to the Legislature. In this report, we provide a brief summary of the proposed budget based on our initial review. In the coming weeks, we will analyze the plan in more detail and release several additional budget analyses.

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[PDF] 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.

Brief

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - On May 14, 2024, Governor Newsom presented a revised state budget proposal to the Legislature. This annual proposed revised budget is referred to as 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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[PDF] 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.

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[PDF] The 2020-21 Budget: Initial Comments on the Governor’s May Revision

May 17, 2020 - On May 14, 2020, Governor Newsom presented a revised state budget proposal to the Legislature. In this post, we provide an overview of the overall budget condition under the May Revision estimates and proposals; the major actions the Governor took to close an estimated $54 billion budget gap; and give our initial comments on this budget package.

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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.

Handout

[PDF] The 2024-25 Budget: LAO Assessment of the Governor’s May Revision

May 24, 2024 - Presented to: California Society of Municipal Analysts

Brief

The 2023-24 Budget: Multiyear Assessment

February 15, 2023 - This brief provides our current assessment of the scale of the coming budget problems under the Governor’s budget proposals. We also provide our guidance to the Legislature about how to address these shortfalls given current economic conditions.

Brief

The 2024-25 Budget: CalWORKs

March 4, 2024 - In this brief, we provide background on the CalWORKs program followed by an overview and assessment of the Governor’s California Work Opportunity and Responsibility to Kids (CalWORKs) budget proposals, which include a number of budget solutions. In addition, the brief provides issues for consideration to help the Legislature evaluate the administration’s proposals in the current year, budget year, and beyond.

Report

The 2023-24 Budget: Crafting Climate, Resources, and Environmental Budget Solutions

February 22, 2023 - This report describes the Governor’s proposed budget solutions within climate, resources, and environmental programs, and provides the Legislature with a framework and suggestions for how it might modify those proposals to better reflect its priorities and prepare to address a potentially larger budget problem.
Correction (4/27/23): The amounts in Figure 1 for Wildfire and Forest Resilience and Nature-Based Activities and Extreme Heat have been corrected.

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The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - On May 14, 2021, Governor Newsom presented a revised state budget proposal to the Legislature. (This annual proposed revised budget is called the “May Revision.”) In this post, we provide a summary of the Governor’s revised budget, focusing on the overall condition and structure of the state General Fund—the budget’s main operating account. In the coming days, we will analyze the plan in more detail and provide additional comments in hearing testimony and online.

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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.