California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - As we described in our November Fiscal Outlook , the recent stronger-than-expected revenue trends are almost entirely explained by the personal income tax (PIT), which has seen double digit growth this year.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Despite this, income tax collections have been strong in recent months, growing at double‑digit rates. These strong income tax collections are being driven by enthusiasm around AI, which has pushed the stock market to record highs and boosted compensation among the state’s tech workers.
https://lao.ca.gov/Publications/Report/5091

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - While the budget picture is fair for the upcoming year, our outlook suggests that the state faces double ‑digit operating deficits in the years to come. By historical standards, spending growth in this year ’s outlook is high.
https://lao.ca.gov/Publications/Report/4939

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

Oct 2, 2018 - This augmentation doubles funding for MHSOAC advocacy, which currently has programs supporting organizations that work with various other targeted populations, including: children; veterans; and lesbian, gay, bisexual, transgender, and qu eer communities, among others.
https://lao.ca.gov/Publications/Report/3870/6

The 2019-20 May Revision: LAO Revenue Outlook

May 12, 2019 - Supreme Court ruling in South Dakota v. Wayfair, Inc. , which gives states new opportunities to improve compliance with the use tax on Internet sales. .  .  .  But Softened by Economic Factors. Our SUT projections are based, in part, on several parts of our economic outlook —particularly our projections for California personal income.
https://lao.ca.gov/Publications/Report/4037

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The budget includes $2  billion from the General Fund for inmate medical care to comply with the federal court in the Plata v. Brown case, an increase of $46  million, or 2  percent, above the revised 2016 ‑17 level of spending.
https://lao.ca.gov/Publications/Report/3694/11

COVID-19 and California’s Evolving Fiscal Outlook

Mar 18, 2020 - Aided by monetary and (federal) fiscal stimulus, broad-based demand would rebound, contributing to a V ‑shaped recovery, in which activity recovers nearly as quickly as it fell. In a more pessimistic scenario, economic activity would remain depressed for longer, compounded by dislocated supply chains and reduced lending caused by elevated risk aversion in credit markets.
https://lao.ca.gov/Publications/Report/4203

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - The 2024-25 Budget: Overview of the Governor's Budget $3,135 $4,677 BCH = Secretary for Business, Consumer Services, and Housing Agency; HHAPP = Homeless Housing, Assistance, and Prevention Program; FHC = Family Homelessness Challenge Grants; BSCC  =  Board of State and Community Corrections; CalFire = California Department of Forestry and Fire Protection; CalRecycle = California Department of
https://lao.ca.gov/Publications/Report/4825/1

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - (This would add to the double ‑digit budget problem for 2024 ‑25 already projected under both our and the administration ’s estimates, as we describe below.) LAO Spending Estimates Over $10   Billion Higher Than the Administration by 2026 ‑27.
https://lao.ca.gov/Publications/Report/4772

Cal Facts: 2016

Dec 5, 2016 - The  percentage of renewable resources almost doubled from 2009 to 2015, largely driven by increases in wind and solar. Under state law, at least 33  percent of retail electricity must come from renewable sources by 2020 and 50  percent by 2030.
https://lao.ca.gov/Publications/Report/3511/5