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

Oct 2, 2018 - First, the budget plan includes $ 90  m illion General Fund in 2018 ‑ 19 t o support a 10  p ercent across ‑the ‑board increase to CalWORKs maximum grant levels, beginning April  1, 2019. (As a result, the 2018 ‑ 19 c ost of this change is $ 90  m illion, but the administration anticipates the full ‑year, ongoing cost will be $ 360  m illion.)
https://lao.ca.gov/Publications/Report/3870/1

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 2019-20 Budget: California Spending Plan—Debt Liabilities

Oct 17, 2019 - Chapter  33 of 2019 (SB  90, Committee on Budget and Fiscal Review) appropriates a General Fund supplemental payment to CalPERS in 2018 ‑19 ($2.5  billion), 2020 ‑21 ($265  million), 2021 ‑22 ($200  million), and 2022 ‑23 ($35  million).
https://lao.ca.gov/Publications/Report/4106

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - Spending-related solutions (including both school and community college spending and other spending) total $48  billion and represent nearly 90  percent of the total solutions. Spending-related solutions include reductions, fund shifts, delays, and reversions.
https://lao.ca.gov/Publications/Report/4902

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

Oct 2, 2018 - The budget dedicates $ 90  m illion in 2018 ‑ 19 t o increase these grants beginning in April 2019, but the full ‑year cost of these increases is $ 360  m illion. The budget also dedicates about $ 348  m illion to the universities on an ongoing basis and $ 139  m illion to increase salaries for correctional officers.
https://lao.ca.gov/Publications/Report/3870

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

Fiscal Outlook: In-Home Supportive Services (IHSS)

Nov 15, 2017 - However, we anticipate the associated General Fund costs to implement an EVV system would be significantly less than total costs since the federal government has agreed to pay for 90  percent of the cost of designing and developing an EVV system.
https://lao.ca.gov/Publications/Report/3712

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

Oct 27, 2021 - Human Services: Discretionary Spending Proposals in the 2021 ‑22 Budget Package General Fund (In Millions) Expand APS to older adults aged 60 and over and enhance services — Fund county costs associated with CalFresh simplifcations — Augment CFAP monthly benefits to their maximum per household size $24 Expand CFAP benefits to some previously ineligible immigrants — Augment CFAP benefits by 15
https://lao.ca.gov/Publications/Report/4448/1

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

Oct 2, 2018 - Census Over $90  Million for Census Outreach. The budget provides $ 90  m illion to the Government Operations Agency for outreach activities related to the decennial census through 2020 ‑21. Outreach will be led by the Complete Count Census (a committee established for the purpose of ensuring California has a complete and accurate census count).
https://lao.ca.gov/Publications/Report/3870/12