California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - California’s Strong Revenue Trends Mask Looming Budget Risk January 23, 2026 Tweet Gabriel PetekLegislative Analyst History suggests that fiscal risks can build during times when they are easiest to ignore.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091

Building Reserves to Prepare for a Recession

Mar 7, 2018 - By most measures, the recession of the early 1990s was more severe than the dot ‑com bust in the early 2000s. For example, unemployment in California reached 9. 7  p ercent in mid ‑ to late ‑1992, but peaked at 6. 9  p ercent after the dot ‑com bust.
https://lao.ca.gov/Publications/Report/3769

Rethinking California's Reserve Policy

Apr 10, 2025 - In March of 2004, on the heels of the dot ‑com bust, voters passed Proposition  58, which created the Budget Stabilization Account (BSA). In the 2006 ‑07 budget, the Legislature deposited $472  million into the BSA and in 2007 ‑08 deposited $1.5  billion.
https://lao.ca.gov/Publications/Report/5028

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - Headquarters Building Electrical Maintenance ($22  Million). The budget provides one-time funding in 2023-24 to repair the electrical system at the CalVet headquarters building to improve safety and electrical capacity to meet the department ’s needs.
https://lao.ca.gov/Publications/Report/4814

The 2017-18 Budget: California Highway Patrol

Feb 9, 2017 - The CHP proposes to use the design-build procurement method and award a co ntract in 2018 ‑19 at an estimated cost of $31.9  million —for a total project cost of $34.1  million $30.4  million to fund the design-build phase of the El Centro area office replacement.
https://lao.ca.gov/Publications/Report/3551

The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - As such, there are many types of properties that clearly meet this definition, including: buildings (such as houses, office buildings, and school buildings), land (including undeveloped land, such as parks), highways, roads, and bridges.
https://lao.ca.gov/Publications/Report/4547

The 2016-17 Budget: The Governor’s Reserve Proposal

Feb 19, 2016 - We then analyze the administration ’s strategy for building additional reserves. While we concur with the Governor ’s overall approach of building a robust level of total reserves, we find that his proposal to deposit optional amounts into the state ’s rainy day fund would limit legislative control.
https://lao.ca.gov/Publications/Report/3348

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - Appendix 4, Figure 3 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Health and Human Services General Fund (In millions) Service provider rate reform acceleration $34 Workforce stability initiative and administrative costs 1 Continue the Coordinated Family Support pilot program 11 Modernizing the Older Californians Act 87 Behavioral Health
https://lao.ca.gov/Publications/Report/4788/4

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - Renovation of the Unruh Building ($6.3  Million). This building was constructed in 1929 and has 125, 000 n et usable square feet. The total cost of the project is estimated at $ 90  m illion. The State Treasurer ’s Office —the building ’s major tenant —is expected to relocate back to the Unruh Building after completion of the renovation.
https://lao.ca.gov/Publications/Report/3870/12