The 2025-26 Budget: California Spending Plan Series [Publication Details]

Oct 16, 2025 - The 2025-26 Budget: California Spending Plan Series [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/5105

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - In June 2024, the Legislature not only addressed the budget problem for 2024 ‑25 but also proactively adopted solutions intended to reduce the anticipated shortfall in 2025 ‑26. At the time, the June 2024 budget package included $28  billion in budget solutions for 2025 ‑26, although savings from some of these actions have since diminished.
https://lao.ca.gov/Publications/Report/5079

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - In June 2024, the Legislature not only addressed the 2024 ‑25 budget problem, but also took proactive steps to mitigate the anticipated 2025 ‑26 budget challenge. The June 2024 budget package included $28  billion in budget solutions for 2025 ‑26, although savings from some of these actions have since diminished.
https://lao.ca.gov/Publications/Report/5044

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

Jan 13, 2025 - Legislative Action in June 2024 Addressed Anticipated Budget Problem Proactively. In  June of 2024, the Legislature not only addressed the budget problem for 2024 ‑25, but also made proactive decisions to address the anticipated budget problem for 2025 ‑26.
https://lao.ca.gov/Publications/Report/4951

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - The state solved a $27  billion deficit in 2023 ‑24, a $55  billion deficit in 2024 ‑25, and a $15  billion deficit in 2025 ‑26 (in addition to roughly $28  billion in proactive budget ‑balancing actions taken the year before).
https://lao.ca.gov/Publications/Report/5091

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - The budget reduces spending in 2024 ‑25 by deferring $487  million in payments to 2025 ‑26. Of this deferral, half applies to schools and half applies to community colleges. The state will implement the deferral by delaying a portion of the payment districts ordinarily would receive in June 2025 to July 2025.
https://lao.ca.gov/Publications/Report/4922

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - Although the settle‑up proposal responds to revenue risk in the current year, downside risk to revenues is likely greater in 2026‑27 than it is in 2025‑26. Suspends BSA True ‑Up Deposit for 2025 ‑26.
https://lao.ca.gov/Publications/Report/5101

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Early evidence suggests this has been the case in 2024 as well. Without Broader Economic Improvements, Recent Gains Are on Shaky Ground. With a boost from the booming stock market, our forecast puts tax collections on track to beat expectations by $7  billion over the budget window (that is, from 2023 ‑24 through 2025 ‑26).
https://lao.ca.gov/Publications/Report/4939

The 2024-25 Budget: Multiyear Budget Outlook

May 23, 2024 - (Our earlier analysis, The 2024‑25 Budget: Initial Comments on the Governor’s May Revision , differed in two ways: (1) it provided our assessment of the budget condition in 2024‑25 only, and (2) it was predicated on the administration’s revenue estimates.)
https://lao.ca.gov/Publications/Report/4907

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - These funds will be transferred back to the SPIF for costs associated with the Capitol Annex Project over the course of 2024-25 ($300  million), 2025-26 ($250  million), and 2026-27 ($150  million). Contracting.
https://lao.ca.gov/Publications/Report/4934