California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - Appendix 4, Figure 7 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Resources and Environment General Fund (In Millions) Emergency surge (helitanker contract component) $45 Clean Energy Reliability Investment Plan (SB 846) 100 Diablo Canyon land use planning — Coastal resilience SB 1 implementation 55 Clean Cars 4 All and other equity (ZEV
https://lao.ca.gov/Publications/Report/4788/4

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - The budget package also includes $94 million in one‑time General Fund for flood prevention activities, $65 million in one‑time GGRF for projects at the Salton Sea, and roughly $45 million in ongoing General Fund to make recent temporary expansions of CalFire hand crews permanent.
https://lao.ca.gov/Publications/Report/4922

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - The  budget package also provides significant augmentations to address sea ‑level rise, including roughly $600  million in 2022 ‑23 and $650 million committed for 2023 ‑24. (These totals include some funding incorporated within the nature ‑based solutions  package.)
https://lao.ca.gov/Publications/Report/4616

The 2021-22 Budget: CalWORKs Fiscal Outlook

Dec 8, 2020 - Many traditional economic measures, such as gross domestic product growth, exhibited an unprecedented “sea ‑saw ” effect over the summer —first falling rapidly, and then recovering almost as quickly as they fell.
https://lao.ca.gov/Publications/Report/4306

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - Our office has released several reports examining the effects of climate change, including sea level rise, increasing temperatures, and more frequent and severe wildfires. School and community college districts own and operate more than 10,000 facilities across the state that could be affected.
https://lao.ca.gov/Publications/Report/4473

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - Resources and Environment: Discretionary Spending Proposals in the 2021 ‑11 Budget Package General Fund (In Millions) Environmental justice initiative (Climate resilience package) — Emergency response and preparedness: fire crews — Various wildfire resilience programs (Wildfire resilience package) — Waste reduction and recycling programs (Circular economic package) — Clean vehicle incentive
https://lao.ca.gov/Publications/Report/4448/1

Building Reserves to Prepare for a Recession

Mar 7, 2018 - By most measures, the recession of the early 1990s was more severe than the dot ‑com bust in the early 2000s. For example, unemployment in California reached 9. 7  p ercent in mid ‑ to late ‑1992, but peaked at 6. 9  p ercent after the dot ‑com bust.
https://lao.ca.gov/Publications/Report/3769

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

Oct 2, 2018 - Figure 23 2018 ‑19 Funding From Proposition 68 Resources Bond ( In Millions) Groundwater cleanup and management, safe drinking water 177.3 Salton Sea, river and parkway recreation, green infrastructure 126.2 San Francisco Bay restoration, coastal forests 53.7 Watershed Improvement Program, habitat restoration 36.3 Habitat restoration, LA River restoration 34.0 Marine wildlife,
https://lao.ca.gov/Publications/Report/3870/9