The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - Update (1/16/25): A set of tables detailing various solutions and proposals has been appended to the online version of this report. They are available using the HTML link above. On January 10, 2025, Governor Newsom’s administration presented its proposed state budget to the California Legislature.
https://lao.ca.gov/Publications/Report/4951/1

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - Update (1/16/25): A set of tables detailing various solutions and proposals has been appended to the online version of this report. They are available using the HTML link above. On January 10, 2025, Governor Newsom’s administration presented its proposed state budget to the California Legislature.
https://lao.ca.gov/Publications/Report/4951/2

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - Update (1/16/25): A set of tables detailing various solutions and proposals has been appended to the online version of this report. They are available using the HTML link above. On January 10, 2025, Governor Newsom’s administration presented its proposed state budget to the California Legislature.
https://lao.ca.gov/Publications/Report/4951/3

The State Appropriations Limit [Publication Details]

Apr 21, 2021 - The State Appropriations Limit [Publication Details] HTML Description: This report: (1) describes how appropriations limits work for the state, school districts, and local governments in California; (2) explains why the limit is a constraint for state government; and (3) concludes with a variety of short- and long-term policy options—both of which we think the Legislature will need to take—in response to the issue.
https://lao.ca.gov/Publications/Detail/4416

With New Deficits Looming, California Will Weigh its Options for Allocating a Large Revenue Windfall

Dec 1, 2020 - The first recognizes that replenishing reserves, repaying internal borrowing, and restoring supplemental pension payments —which together represent the lion ’s share of the state ’s budget resilience —all are one-time resource commitments.
https://lao.ca.gov/Publications/Report/4305

The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - We recommend the Legislature begin to consider how the state might address the budget ’s ongoing problem. For example, using some of the windfall to make supplemental pension payments would reduce the multiyear structural deficit.
https://lao.ca.gov/Publications/Report/4309

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The state ’s costs to pay for pension and retiree health benefits continue to grow. The budget assumes that the state ’s costs to pay for active and retired state employees ’ pension benefits will increase by $340. 5  m illion ($ 189  m illion General Fund) in 2018 ‑ 19 t o a total contribution of $6. 2  b illion ($3. 6  b illion from the General Fund).
https://lao.ca.gov/Publications/Report/3870/12

Tempered Expectations

Dec 9, 2019 - Worthy considerations for the other $4  billion include increasing discretionary reserves or other one-time expenditures, such as supplemental pension payments. Lawmakers could preserve fiscal flexibility by scheduling any such one-time payments to occur late in the fiscal year, contingent on the state ’s budget condition at that time.
https://lao.ca.gov/Publications/Report/4122

The 2022-23 Budget: State Appropriations Limit Implications [Publication Details]

Mar 30, 2022 - The 2022-23 Budget: State Appropriations Limit Implications [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4583

The 2022-23 Budget: State Appropriations Limit Implications

Mar 30, 2022 - If Revenue Growth Falls Below Median, State Likely to Have a Budget Problem. Because the state usually plans to spend all or nearly all of its forecasted revenues, the state typically faces a budget problem if revenues grow slower than expected.
https://lao.ca.gov/Publications/Report/4583