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

Jan 13, 2025 - Some of the largest spending augmentations proposed include: (1) $60  million to provide additional grants under the Cal Competes program; (2)  the intent to partially restore an ongoing reduction to the trial courts, which, if enacted, would cost $42  million ongoing; and (3)  the Governor ’s proposed expansion to College Corps, which would cost $5  million in 2025 ‑26, but grow to $84  million  ongoing.
https://lao.ca.gov/Publications/Report/4951

Rethinking California's Reserve Policy

Apr 10, 2025 - In the 1950s, the state had significant reserves and surpluses (the amounts in Figure  3 are additive, so in the 1949 ‑50 budget, reserves and surpluses represented 42  percent of revenues). In the late 1970s, the state had sizeable surpluses, but no reserves on hand.
https://lao.ca.gov/Publications/Report/5028

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - This consists of (1) $77  million (increasing to $132  million) from the planned deactivation of Chuckawalla Valley State Prison in Blythe, (2) $82  million from the deactivation of 42  housing units across 11 state prisons, and (3)  $10  million (increasing to $11  million) related to reduced administrative costs resulting from these and previous deactivations. $97  million in
https://lao.ca.gov/Publications/Report/4922

The Great Recession and California's Recovery [Publication Details]

Dec 13, 2018 - The Great Recession and California's Recovery [Publication Details] The Great Recession and California's Recovery Format: PDF Description: Nearly ten years ago today, Governor Schwarzenegger's proposed budget for the upcoming fiscal year projected a $42 billion deficit.
https://lao.ca.gov/Publications/Detail/3910

Federal Spending in California

Jan 18, 2017 - According to these measure, in FFY 2012-13 California received $0.99 in federal expenditures per dollar of taxes paid, rank ing 42 nd among fifty states and the District of Columbia. Is California a “Donor State”?
https://lao.ca.gov/Publications/Report/3531/2

2009-10 Budget Analysis Series: The Fiscal Outlook Under the February Budget Package [Publication Details]

Mar 13, 2009 - 2009-10 Budget Analysis Series: The Fiscal Outlook Under the February Budget Package [Publication Details] Press Conf Description: The budget package of $42 billion in solutions adopted by the Legislature and the Governor in February was an impressive step in addressing the state’s monumental budget shortfall.
https://lao.ca.gov/Publications/Detail/1967

Major Features of the 2005 California Budget [Publication Details]

Jul 26, 2005 - The new spending plan funds the Proposition 42 transfer to transportation, and includes significant increases in both K-12 and higher education. The new budget does not use any of the remaining $3.7 billion in deficit-financing bonds authorized by Proposition 57 in March 2004, and it prepays a $1.2 billion loan due to local governments in 2006-07.
https://lao.ca.gov/Publications/Detail/1334

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

Dec 1, 2020 - From January to May 2020, projected tax revenues for the upcoming fiscal year (2020 ‑21) underwent an unprecedented $42  billion downward revision. Within just a few weeks, the budget process was upended from a discussion about how to allocate a surplus into the much less welcome task of solving a large anticipated deficit problem.
https://lao.ca.gov/Publications/Report/4305

The 2021-22 Budget: The Governor’s Proposition 2 Proposals

Apr 26, 2021 - That is because, overall, January collections from the state ’s three largest taxes were $7.5  billion (42  percent) ahead of budget projections and, based on historical patterns, we anticipate that a substantial share of these revenues came from taxpayer realization of capital gains.
https://lao.ca.gov/Publications/Report/4418

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The 2017-18 Budget: California Spending Plan $42 $310 a Includes a temporary hold harmless provision so that no provider receives less in 2017-18 than it received in 2016-17. b Reflects 0.4  percent decrease in the birth-through-four population.
https://lao.ca.gov/Publications/Report/3694/4