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

Jan 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.
https://lao.ca.gov/Publications/Report/4825/3

The 2024-25 Budget: Proposed Reductions to State Operations [Publication Details]

May 21, 2024 - The 2024-25 Budget: Proposed Reductions to State Operations [Publication Details] The 2024-25 Budget: Proposed Reductions to State Operations Format: HTML Description: The Governor’s May Revision proposes to (1) administratively establish a new ongoing unallocated 7.95 percent reduction to state operation expenditures and (2) make the 2024-25
https://lao.ca.gov/Publications/Detail/4903

The 2024-25 Budget: Proposed Reductions to State Operations

May 21, 2024 - Difficult to Achieve Savings Without Affecting State Employees. Employee compensation is a significant portion of state operation expenditures. In some departments, more than 80  percent of state operation expenditures are for state employee salaries and benefits.
https://lao.ca.gov/Publications/Report/4903

The 2025-26 Budget: Cap-and-Trade Reauthorization and Greenhouse Gas Reduction Fund Proposals at May Revision

May 19, 2025 - Given funding limitations, we recommend the Legislature focus both General Fund and GGRF on its highest priorities across the entire state budget. Legislature Has Other Options for Using GGRF as a Budget Solution.
https://lao.ca.gov/Publications/Report/5049

LAO Publications

Defined contribution plans address concerns with defined benefit pensions, but also introduce issues of their own. The Legislature could also address the benefits and cost concerns of current retirement plans within the existing defined benefit structure or with other pension plan alternatives.
https://lao.ca.gov/publications?page=144&year=0&publicationType=0

LAO Publications

Defined contribution plans address concerns with defined benefit pensions, but also introduce issues of their own. The Legislature could also address the benefits and cost concerns of current retirement plans within the existing defined benefit structure or with other pension plan alternatives.
https://lao.ca.gov/Publications?page=144&year=0&publicationType=0

Firearms and Ammunition Revenue Update (2025 Q1) [EconTax Blog]

May 21, 2025 - The administration’s estimate seems reasonable, as it is not far from what the state would collect if the fourth quarter of the fiscal year were similar to the first three quarters.  
https://lao.ca.gov/LAOEconTax/Article/Detail/830

Firearms and Ammunition Revenue Update (2025 Q1) [EconTax Blog]

May 21, 2025 - The administration’s estimate seems reasonable, as it is not far from what the state would collect if the fourth quarter of the fiscal year were similar to the first three quarters.  
https://lao.ca.gov/LAOEconTax/article/Detail/830

The 2019-20 Budget: Proposition 98 Outlook

Nov 14, 2018 - Pension Rates and Costs Have Been Growing. School and community college employees generally participate in one of two state pension systems. The California State Teachers ’ Retirement System administers pension benefits for teachers, administrators, and other certificated employees, whereas the California Public
https://lao.ca.gov/Publications/Report/3897

California's Education System: A 2019 Guide [Publication Details]

Feb 6, 2019 - As you journey through the report, you will be exposed to information on everything from student diversity and achievement gaps, to student aid and borrowing, to faculty salaries and rising pension costs, to the requirements for becoming a teacher or doctor in California.
https://lao.ca.gov/Publications/Detail/3924