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

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - The current discrepancy over the size of the state ’s budget deficit —$18  billion under the Legislative Analyst ’s Office estimate versus $3  billion in the Governor ’s budget —fits squarely within that pattern.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Figure 3 General Fund Condition Under Fiscal Outlook (In Millions)
https://lao.ca.gov/Publications/Report/5091

Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - Proposition  58 required BSA deposits to increase from 1  percent of General Fund revenues in 2006 ‑07 to 3  percent in 2008 ‑09 and every year thereafter. Proposition  58 Required Deposits Until BSA Reached Certain Size.
https://lao.ca.gov/Publications/Report/3900

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

Oct 2, 2018 - California Highway Patrol The budget provides $2. 6  b illion to fund CHP operations. This is an increase of $ 185  m illion, or 7. 8  p ercent —mainly due to increases in funding for capital outlay projects —compared to the revised level of spending in 2017 ‑18.
https://lao.ca.gov/Publications/Report/3870/10

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

Jan 13, 2024 - We Estimate the Administration Solved a Larger Budget Problem —$58   Billion. While the Governor cited a budget problem of $38  billion, we estimate the administration solved a budget problem of $58  billion.
https://lao.ca.gov/Publications/Report/4825

Managing California’s Cash

Sep 3, 2019 - On a budgetary basis, this fund has grown from several hundreds of millions of dollars in the early 2000s to over $ 3  b illion in 2019. On a cash basis, the fund had $3. 5  b illion on June 30, 2019 —which represents 6  p ercent of total borrowable resources.
https://lao.ca.gov/Publications/Report/4092

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

Feb 20, 2026 - For example, we recommend the Legislature: Do Not Suspend the $3  Billion True Up Into the Budget Stabilization Account (BSA). The Governor ’s budget proposes suspending a roughly $3  billion true-up deposit that otherwise would be required in 2025-26.
https://lao.ca.gov/Publications/Report/5133

The 2020-21 Budget: Overview of the California Spending Plan (Final Version)

Oct 5, 2020 - The budget projects IHSS total costs to increase from $13. 6  b illion in 2019 ‑ 20 t o $15. 2  b illion in 2020 ‑21 (11. 7  p ercent). General Fund costs are estimated to slightly increase between 2019 ‑20 ($4. 3  b illion) and 2020 ‑21 ($4. 5  b illion).
https://lao.ca.gov/Publications/Report/4263

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

Oct 16, 2023 - Appendix 4, Figure 6 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Public Safety General Fund (In millions) Organized Retail, Motor Vehicle, and Cargo Theft Prevention Grants (Public Safety Package) $85 Augmentation to California Violence Intervention and Prevention Program 66 Note: Includes augmentations above $50 million BSCC = Board of State and Community Corrections.
https://lao.ca.gov/Publications/Report/4788/4