The 2012-13 Budget: Economic and Revenue Update [Publication Details]

Feb 27, 2012 - Like the economic data, reports concerning state revenues have been mixed recently too, with weakness in income tax payments accompanied by speculation concerning a future bonanza of tax revenues due to the possible offering of stock by Facebook, Inc.
https://lao.ca.gov/Publications/Detail/2578

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - The added risk variable weighs on the range of revenue outcomes that we view as most plausible. The middle of the range, which becomes our main revenue forecast, is thus lower than if we did not include the stock market risk indicator.
https://lao.ca.gov/Publications/Report/5104

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - During the special session, the Legislature added Control Sections 90.00 and 90.01 to the 2024 ‑25 Budget Act providing up to $2.5  billion one ‑time for response and recovery costs related to the January 2025 Southern California wildfires.
https://lao.ca.gov/Publications/Report/5079

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The budget provides $34  million for the State Preschool program to annualize the cost of preschool slots added January 1, 2015. The budget also provides $8  million for 2,959 new full –day State Preschool slots at LEAs starting April  1, 2017.
https://lao.ca.gov/Publications/Report/3487/4

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

Oct 2, 2018 - The budget provides $ 19  m illion to annualize the cost of 2, 959 p reschool slots added April 1, 2018. The budget also provides $ 8  m illion for 2, 959 n ew full ‑day State Preschool slots at LEAs starting April  1, 2019.
https://lao.ca.gov/Publications/Report/3870/4

California's Legislative Analyst's Office and the Value of Independence

Nov 15, 2024 - As such, our independent fiscal assessment underlies the Legislature ’s ability to assert an informed check on the executive branch, making any added complexity from diverging estimates a worthwhile trade-off.
https://lao.ca.gov/Publications/Report/4938

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - Finally, although we have not previously recommended the Leg islature take decisive action to address the structural deficits, the state ’s persistent fiscal imbalance and the added downside risks —particularly from potential federal actions —suggest a need for a more proactive approach.
https://lao.ca.gov/Publications/Report/5044

Taking Stock of California’s Recession Readiness

Feb 12, 2020 - One is that there is a dynamic quality to the state ’s fiscal resilience. A scenario analysis from one year may not be directly comparable to that of another. A major source of this variation is the severity of the recession scenario considered in the analysis.
https://lao.ca.gov/Publications/Report/4156

The 2016-17 Budget: Overview of the Governor's Budget

Jan 11, 2016 - Rather than adding to the complexity and fragmentation of the state ’s workforce system, we recommend the Legislature remain focused on the overarching vision of moving toward a more coherent and integrated system.
https://lao.ca.gov/Publications/Report/3324

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - Lowers Quality of Services. In other budget areas, inflation can result in a reduction of quality, rather than quantity, of services. For example, in county administration of human services programs, less state funding in real terms can mean local governments have lower staffing levels.
https://lao.ca.gov/Publications/Report/4647