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

Fiscal Outlook: In-Home Supportive Services (IHSS)

Nov 14, 2018 - We note that this recent growth in IHSS service hours is higher than historical growth trends. This, in part, may be due to IHSS service hours being temporarily reduced in some years and restored in others, resulting in IHSS service hours fluctuating by a greater amount year to year relative to average growth trends.
https://lao.ca.gov/Publications/Report/3899

Fiscal Outlook: Developmental Services

Nov 15, 2017 - Fiscal Outlook: Developmental Services California's Fiscal Outlook Fiscal Outlook: Developmental Services The Department of Developmental Services (DDS) provides services and supports to individuals with developmental disabilities in California.
https://lao.ca.gov/Publications/Report/3717

Fiscal Outlook: In-Home Supportive Services (IHSS)

Nov 15, 2017 - Recent federal law requires states to use an EVV system for Medicaid personal care services by January 1, 2019, and for home health care services by January 1, 2023. The IHSS program is one of the largest personal care service programs affected by the EVV requirement, with over 500,000 consumers and almost 500,000 providers.
https://lao.ca.gov/Publications/Report/3712

Building Reserves to Prepare for a Recession

Mar 7, 2018 - The funding levels for some programs, particularly in health and human services, depend on a combination of changes in their number of participants (caseload), the costs per enrollee (price), and the intensity at which participants use services (utilization).
https://lao.ca.gov/Publications/Report/3769

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

CalFacts 2024 [Publication Details]

Dec 2, 2024 - CalFacts presents a wide range of facts and trends about the state's economy, finances, and programs.
https://lao.ca.gov/Publications/Detail/4942

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

Jan 12, 2026 - Across the rest of the budget, the administration’s estimates of baseline costs—that is, the cost of the state’s services under current law and policy—are also higher than our November estimates by a couple billion of dollars.
https://lao.ca.gov/Publications/Report/5101

Rethinking California's Reserve Policy

Apr 10, 2025 - In March of 2004, on the heels of the dot ‑com bust, voters passed Proposition  58, which created the Budget Stabilization Account (BSA). In the 2006 ‑07 budget, the Legislature deposited $472  million into the BSA and in 2007 ‑08 deposited $1.5  billion.
https://lao.ca.gov/Publications/Report/5028

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - A final complication is the state ’s conformity to the federal Internal Revenue Service rule change that, as a response to the January floods, delayed the 2022 tax filing deadline to October from April.
https://lao.ca.gov/Publications/Report/4762