California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - The added risk variable weighs on the range of revenue outcomes that we view as most plausible. The middle of the range, which becomes our main revenue forecast, is thus lower than if we did not include the stock market risk indicator.
https://lao.ca.gov/Publications/Report/5104

The 2012-13 Budget: Economic and Revenue Update [Publication Details]

Feb 27, 2012 - Like the economic data, reports concerning state revenues have been mixed recently too, with weakness in income tax payments accompanied by speculation concerning a future bonanza of tax revenues due to the possible offering of stock by Facebook, Inc.
https://lao.ca.gov/Publications/Detail/2578

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

California's Legislative Analyst's Office and the Value of Independence

Nov 15, 2024 - California's Legislative Analyst's Office and the Value of Independence Search In Fiscal Perspectives , the Legislative Analyst periodically offers the Legislature his views on fiscal matters facing California.
https://lao.ca.gov/Publications/Report/4938

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - During the special session, the Legislature added Control Sections 90.00 and 90.01 to the 2024 ‑25 Budget Act providing up to $2.5  billion one ‑time for response and recovery costs related to the January 2025 Southern California wildfires.
https://lao.ca.gov/Publications/Report/5079

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

Oct 2, 2018 - Poverty Increases cash assistance grants beginning in April 2019 ($90  million in 2018 ‑19, $360  million ongoing). Provides $220  million (one time) to reverse the CalFresh cash out policy for SSI/SSP.
https://lao.ca.gov/Publications/Report/3870/1

COVID-19 and California’s Evolving Fiscal Outlook

Mar 18, 2020 - COVID-19 and California’s Evolving Fiscal Outlook Search In Fiscal Perspectives , the Legislative Analyst periodically offers the Legislature his views on fiscal matters facing California. COVID-19 and California’s Evolving Fiscal Outlook March 18, 2020 Tweet Gabriel PetekLegislative Analyst Emergence of the novel coronavirus (COVID-19) is a public health emergency.
https://lao.ca.gov/Publications/Report/4203

With New Deficits Looming, California Will Weigh its Options for Allocating a Large Revenue Windfall

Dec 1, 2020 - With New Deficits Looming, California Will Weigh its Options for Allocating a Large Revenue Windfall Search In Fiscal Perspectives , the Legislative Analyst periodically offers the Legislature his views on fiscal matters facing California.
https://lao.ca.gov/Publications/Report/4305

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - Finally, although we have not previously recommended the Leg islature take decisive action to address the structural deficits, the state ’s persistent fiscal imbalance and the added downside risks —particularly from potential federal actions —suggest a need for a more proactive approach.
https://lao.ca.gov/Publications/Report/5044

Taking Stock of California’s Recession Readiness

Feb 12, 2020 - If not, the Legislature should consider adding to its budget reserves. Besides recession, another reason our findings vary is that important circumstantial assumptions —including those that lie outside of the Legislature ’s control —inevitably will differ from one year to the next.
https://lao.ca.gov/Publications/Report/4156