The 2020-21 Budget: California's Spring Fiscal Outlook

May 8, 2020 - Assume Cost ‑Adjusted 2019 ‑20 Funding for Schools and Community Colleges. To estimate the budget problem under the two scenarios, we assume the state funds schools and community colleges in 2020 ‑21 at the enacted 2019 ‑ 20 l evel, adjusted for inflation and attendance.
https://lao.ca.gov/Publications/Report/4228

The 2019-20 Budget: California Spending Plan (Final Version)

Oct 17, 2019 - As described earlier, under the spending plan, Proposition  98 funding for 2019 ‑ 20 i ncreases $2. 9  b illion (3. 7  p ercent) from the revised 2018 ‑ 19 l evel. The spending plan devotes the largest share of this increase —$ 2  b illion —to school districts to cover changes in student attendance and provide a 3. 26  p ercent cost ‑of ‑living adjustment (COLA) for the Local Control Funding Formula (general purpose per ‑student funding).
https://lao.ca.gov/Publications/Report/4083

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

Jan 14, 2019 - Figure 4 Summary of Governor ’s Disaster ‑Related Proposals for 2019 ‑20 ( In Millions)
https://lao.ca.gov/Publications/Report/3916

Supplemental Report of the 2019-20 Budget Act [Publication Details]

Aug 2, 2019 - Supplemental Report of the 2019-20 Budget Act [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4084

The 2019-20 Budget: California's Fiscal Outlook

Nov 14, 2018 - The 2019-20 Budget: California's Fiscal Outlook a Reflects the year ‑end balances in each account under current law and policy. SFEU = Special Fund for Economic Uncertainties and BSA = Budget Stabilization Account. 2019 ‑20: $14.8  Billion in Available Resources.
https://lao.ca.gov/Publications/Report/3896

The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities

Feb 5, 2019 - The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities Executive Summary After many consecutive years of economic growth, California ’s budget continues to be on strong footing. The $ 21  b illion surplus available in the Governor ’s January budget proposal reflects the strong fiscal position of the state.
https://lao.ca.gov/Publications/Report/3925

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Given that this deficit is estimated to range from $20  billion to $35  billion in the years ahead, addressing it gradually, rather than all at once, reduces fiscal disruption and more readily provides for legislative input and flexibility.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - Both our office and the administration expect the state to face multiyear deficits, with estimates ranging from $20  billion to $35  billion annually. These deficits are concerning for three reasons.
https://lao.ca.gov/Publications/Report/5101

Rethinking California's Reserve Policy

Apr 10, 2025 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - Both our office and the Department of Finance (DOF) project operating deficits ranging from $10  billion to $20  billion over the multiyear period. These shortfalls represent future budget problems that would require additional budget-balancing decisions.
https://lao.ca.gov/Publications/Report/5052