Overview of Major Impacts of H.R. 1 – One Big Beautiful Bill Act [Publication Details]

Aug 20, 2025 - Overview of Major Impacts of H.R. 1 – One Big Beautiful Bill Act [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/5067

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - This year, for example, our outlook reflects our best estimates of the effects of H.R. 1: One Big Beautiful Bill Act on the state budget but does not make assumptions about future federal policy changes.
https://lao.ca.gov/Publications/Report/5091

Cal Facts: 2016

Dec 5, 2016 - Cal Facts: 2016 Other Programs W ith a state as big, as populous, and as complex as California, it would be impossible to quickly summarize how its economy or state budget works. The purpose of Cal Facts is more modest.
https://lao.ca.gov/Publications/Report/3511

The 2015-16 Budget: Major Features of the Adopted Plan (Overview of Adopted Plan)

Jun 19, 2015 - The state ’s “big three ” General Fund taxes —the personal income tax, sales and use tax, and corporation tax —are estimated to increase at a slightly higher rate (4  percent). General Fund revenue growth was much higher in 2014‑15, increasing at a very healthy 7.7  percent rate.
https://lao.ca.gov/Publications/Report/3279

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Relative to January, the administration ’s estimates of revenues associated with the “Big Three ” state taxes were up $2.1  billion across 2015 ‑16, 2016 ‑17, and 2017 ‑18 combined. In addition to required spending increases under the Proposition  98 minimum guarantee, the May Revision proposed a discretionary increase of $1.6  billion for schools and community colleges across the three fiscal years.
https://lao.ca.gov/Publications/Report/3694/2

Fiscal Outlook Supplement on Proposition 2

Nov 16, 2016 - These are: (1) an economic growth scenario, in which the economy continues to grow, and (2) a mild recession scenario, with a big stock market decline, that begins in the middle of calendar year 2018.
https://lao.ca.gov/Publications/Report/3508

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The state ’s “Big Three ” General Fund taxes —the personal income tax, sales and use tax, and corporation tax —are assumed to increase at a slightly higher rate (4.2  percent). The difference between these growth rates is attributable to a decline in other revenues.
https://lao.ca.gov/Publications/Report/3487

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

May 17, 2024 - How Big Is the Budget Problem? We Estimate Governor Addressed a $55  Billion Budget Problem. The Governor cites a budget problem of $27  billion. Under our estimates, the administration addressed a larger deficit than this —$55  billion.
https://lao.ca.gov/Publications/Report/4902

Rethinking California's Reserve Policy

Apr 10, 2025 - That is: the state will face revenue downturns in the future, but we can ’t predict when those will occur or how big they will be. This makes the state ’s reserve policy more like an individual saving for retirement.
https://lao.ca.gov/Publications/Report/5028

Cal Facts 2018 [Publication Details]

Dec 6, 2018 - With a state as big, as populous, and as complex as California, quickly summarizing how its economy or state budget works is impossible. Instead, Cal Facts is a visual guide—using a variety of different charts—to the state's economy, revenues, and major program trends.
https://lao.ca.gov/Publications/Detail/3905