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

Jan 13, 2023 - Comparison to LAO November Outlook. In  our Fiscal Outlook released in November 2022, we anticipated the state would face a $24 billion budget problem, somewhat higher than the $18 billion budget problem we estimate the Governor addressed.
https://lao.ca.gov/Publications/Report/4662

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

Jan 13, 2020 - The administration ’s revenue assumptions are very close to our November 2019 Fiscal Outlook revenue estimates in the near term. Across 2018‑19 to 2020‑21, the administration’s estimates of revenue from the state’s three largest taxes are $34 million (less than 0.01 percent of total collections) above our Fiscal Outlook estimates.
https://lao.ca.gov/Publications/Report/4135

The 2023-24 Budget: Proposed Budget Solutions in Transportation Programs

Feb 13, 2023 - As discussed earlier, recent economic data and our fiscal outlook suggest that the Governor ’s revenue estimates have a high likelihood of being overly optimistic. Should that prove to be the case, the Legislature will need to identify additional solutions in order to meet its constitutional requirement to pass a balanced budget.
https://lao.ca.gov/Publications/Report/4676

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - Consistent with our Fiscal Outlook forecast, the Governor ’s budget reflects a dramatic upward adjustment to revenues. Despite this, the administration ’s revenue estimates remain meaningfully below our Fiscal Outlook for 2021 ‑22.
https://lao.ca.gov/Publications/Report/4492

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - For additional discussion on revenues, see our related post The 2021‑22 Budget: May Revenue Outlook . Constitutionally Required Spending Higher by $16  Billion. The constitution requires the state to spend minimum annual amounts on schools and community colleges (under Proposition  98) and budget reserves and debt payments (under Proposition  2).
https://lao.ca.gov/Publications/Report/4432

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

Jan 14, 2019 - This report presents our office’s initial assessment of the Governor’s Budget. The budget’s position continues to be positive. With $20.6 billion in discretionary resources available, the Governor’s budget proposal reflects a budget situation that is even better than the one our office estimated in the November Fiscal Outlook.
https://lao.ca.gov/Publications/Report/3916