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

Jan 12, 2026 - Generates $5.6 Billion School and Community College Settle‑Up Obligation in 2025‑26. The State Constitution sets a minimum spending requirement for schools and community colleges. For 2025‑26, this requirement is up $6.9 billion under the administration’s estimates, but the Governor’s budget provides $5.6 billion less than this revised estimate.
https://lao.ca.gov/Publications/Report/5101

Overview of the 2008-09 May Revision [Publication Details]

May 19, 2008 - Our plan includes a more responsible lottery securitization—resulting in a General Fund benefit of $5.6 billion over two years—with a dramatically reduced risk to education’s lottery funding. Finally, we offer some much simpler approaches to increasing the size of the state’s reserve in good fiscal times.
https://lao.ca.gov/Publications/Detail/1828

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 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The budget includes $5.6  million for various phases of four DMV field office replacement projects. Of this amount, $4.3  million is for the design phase of three DMV office replacement projects (Inglewood, Santa Maria, and Delano) approved by the Legislature in 2015 –16 .
https://lao.ca.gov/Publications/Report/3487/9

Fiscal Outlook: In-Home Supportive Services (IHSS)

Nov 14, 2018 - After 2019 ‑20, we project that IHSS expenditures will grow at a higher rate, reaching over $5.6  billion by 2022 ‑23. Overall, between 2018 ‑19 and 2022 ‑23, the projected average annual growth of IHSS General Fund expenditures is about 11  percent —making IHSS one of the fastest growing programs in the state.
https://lao.ca.gov/Publications/Report/3899

Fiscal Outlook: Medi-Cal

Nov 14, 2018 - Because of increased caseloads, we estimate that Medi-Cal spending would grow at a faster average rate of 5.6 percent over the outlook period and exceed projected annual General Fund spending under the economic growth scenario by more than $500 million by 2022-23—reaching $28 billion at that time.
https://lao.ca.gov/Publications/Report/3898

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The spending plan provides $5.6  million General Fund ($10.3  million total funds) to remove —beginning January  1, 2018 —the cap on respite services that was implemented in 2009 as part of a package of solutions to close the budget deficit at that time.
https://lao.ca.gov/Publications/Report/3694/7

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

Jan 11, 2016 - Whereas the administration estimates that assessed property values will grow by 5.6  percent in 2015 –16 and 2016 –17 , we estimate growth rates of 6  percent in 2015 –16 (based on the latest data submitted by county assessors) and at least 6  percent in 2016 –17 (based on continuing growth in housing prices).
https://lao.ca.gov/Publications/Report/3324

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