The 2012-13 Budget: Economic and Revenue Update [Publication Details]

Feb 27, 2012 - Like the economic data, reports concerning state revenues have been mixed recently too, with weakness in income tax payments accompanied by speculation concerning a future bonanza of tax revenues due to the possible offering of stock by Facebook, Inc.
https://lao.ca.gov/Publications/Detail/2578

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - The added risk variable weighs on the range of revenue outcomes that we view as most plausible. The middle of the range, which becomes our main revenue forecast, is thus lower than if we did not include the stock market risk indicator.
https://lao.ca.gov/Publications/Report/5104

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - During the special session, the Legislature added Control Sections 90.00 and 90.01 to the 2024 ‑25 Budget Act providing up to $2.5  billion one ‑time for response and recovery costs related to the January 2025 Southern California wildfires.
https://lao.ca.gov/Publications/Report/5079

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - You can think of it as being similar to a general purpose checking account that a household uses to pay its bills. This year 's budget allocated $122.5  billion in General Fund spending. Special funds, on the other hand, are state accounts dedicated for specific purposes.
https://lao.ca.gov/Publications/Report/3487/12

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - How Do You Focus Your Efforts? The Legislature cannot reasonably undertake in-depth oversight of all state programs in one budget season. As such, the Legislature must determine how to focus its efforts so as to provide information that would be most helpful in making future budget decisions.
https://lao.ca.gov/Publications/Report/4983

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - You can think of it like a checking account that a household uses to pay its bills. This year's budget package allocated $125 billion in General Fund spending. Special funds , on the other hand, are state accounts dedicated for specific purposes.
https://lao.ca.gov/Publications/Report/3694/13

California's Legislative Analyst's Office and the Value of Independence

Nov 15, 2024 - As such, our independent fiscal assessment underlies the Legislature ’s ability to assert an informed check on the executive branch, making any added complexity from diverging estimates a worthwhile trade-off.
https://lao.ca.gov/Publications/Report/4938

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Replaces pay-as-you-go funding for state office buildings with lease revenue bond financing. EITC = earned income tax credit. Allocates New Proposition   98 Funding Primarily for Discretionary Activities.
https://lao.ca.gov/Publications/Report/3694/1

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

Jan 10, 2021 - How would the state recoup funding if businesses don ’t meet their milestones? Is the Proposal Time Sensitive? Specifically, we suggest the Legislature consider whether early action is advantageous. As noted earlier, the recent federal action has reduced the need for urgent action in some areas.
https://lao.ca.gov/Publications/Report/4309

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

May 17, 2025 - Finally, although we have not previously recommended the Leg islature take decisive action to address the structural deficits, the state ’s persistent fiscal imbalance and the added downside risks —particularly from potential federal actions —suggest a need for a more proactive approach.
https://lao.ca.gov/Publications/Report/5044