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

Jan 13, 2025 - The state constitution has a balanced budget requirement, which means the balance of the SFEU must be set above zero for the upcoming fiscal year. Any level above zero is up to the discretion of the Legislature.
https://lao.ca.gov/Publications/Report/4951

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - The Legislature can choose to set the SFEU balance at any level above zero and so our Fiscal Outlook did not assume a specific balance. (Recent budgets have enacted SFEU balances around $2  billion to $4  billion.
https://lao.ca.gov/Publications/Report/4662

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - While the Legislature could set this fund balance to any amount greater than zero, since 2015 ‑ 16 t he state has enacted balances in the SFEU of around $1. 5  b illion. $1.6   Billion in Ongoing Spending.
https://lao.ca.gov/Publications/Report/4135

The 2020-21 Spending Plan: Early Education

Oct 26, 2020 - In years where the birth-through-four population declines, the statutory adjustment to these child care and preschool programs will be zero (holding the number of slots available flat). Previously, a negative adjustment was applied in these circumstances, resulting in slot reductions.
https://lao.ca.gov/Publications/Report/4289

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - In 2017, Congress passed legislation that reduced the amount of the individual mandate penalty to zero, effectively making the mandate unenforceable. This change is expected to result in some —likely healthier —individuals dropping their health insurance coverage, leading to higher premiums.
https://lao.ca.gov/Publications/Report/3916