The 2026-27 Budget: How to Use One-Time Revenue Improvements

Feb 20, 2026 - In addition, recent budgets have relied on nearly $30  billion in borrowing to address deficits, and the Governor ’s budget proposes almost $6  billion in additional borrowing (see Figure  1). A period of strong revenue growth is not an appropriate time to draw down significant reserves or continue to rely on borrowing.
https://lao.ca.gov/Publications/Report/5133

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Because of how sensitive California ’s revenues are to stock market performance, the Governor ’s approach yields a revenue estimate that is $30  billion above that of our office. Regardless of the revenue assumption used in the 2026-27 budget, both our office and the Governor ’s Department of Finance (DOF) agree that the state faces large structural deficits.
https://lao.ca.gov/Publications/Report/5104

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - Assembly Bill 107 requires CPUC, no later than 30 days after NTIA authorizes the award of BEAD program funds, to notify legislative staff of any award conditions placed on the funds by the NTIA, and of any NTIA-required modifications to state-administered BEAD program processes.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - Assembly Bill 107 requires CPUC, no later than 30 days after NTIA authorizes the award of BEAD program funds, to notify legislative staff of any award conditions placed on the funds by the NTIA, and of any NTIA-required modifications to state-administered BEAD program processes.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

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

Jan 12, 2026 - As such, the administration ’s revenue estimate exceeds ours by almost $30  billion across the budget window (2024 ‑25 through 2026 ‑27). This  higher revenue assumption substantially improves the budget condition relative to our forecast and is the main driving difference between our estimates of the deficit.
https://lao.ca.gov/Publications/Report/5101

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Board of State and Community Corrections The budget includes $157  million ($63  million from the General Fund and $94  million from other funds) for the Board of State and Community Corrections. This is a decrease of $63  million (28  percent) relative to the revised 2016 ‑17 level of funding, largely due to an expiration of various limited ‑term grants provided in prior years.
https://lao.ca.gov/Publications/Report/3694/11

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - As of June 30, 2025, $335.9  million exclusively from the General Fund had been allocated through the control sections by DOF for these purposes. After the special session, the sections were amended to allow funds to be used to reimburse local governments through June 2026 for (1)  unmet response and recovery costs, and (2)  lost property tax revenue.
https://lao.ca.gov/Publications/Report/5079

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

Oct 2, 2018 - California Conservation Corps The budget includes a total of about $ 157  m illion ($ 90  m illion General Fund) for CCC, a net increase of about $ 48  m illion, or 44  p ercent, above estimated 2017 ‑ 18 e xpenditures.
https://lao.ca.gov/Publications/Report/3870/9

Rethinking California's Reserve Policy

Apr 10, 2025 - Setting aside all capital gains revenues would increase the state ’s spending on both debt payments and reserve deposits before 2029 ‑30. After 2029 ‑30, the Legislature could choose to dedicate all of these requirements to reserves.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - It is entirely plausible for revenues to end up above or below our estimates by $30  billion across the budget window. Contributing to the uncertainty this year is the fact that a recovery built on a stock market rally is especially precarious.
https://lao.ca.gov/Publications/Report/4939