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

Feb 20, 2026 - Figure 1 The State ’s New Wall of Debt (In Billions)
https://lao.ca.gov/Publications/Report/5133

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

Jan 12, 2026 - This includes proposals to: (1)  remove the state ’s share of costs associated with growth in IHSS hours per case, which we estimate could save $650  million by 2029 ‑30 (if hours continue to grow at their current rates); (2)  make an ongoing reduction to the Middle Class Scholarship program, which generates $541  million in savings beginning in 2027 ‑28; and (3)  make $12  million in previously provided ongoing federal ‑related litigation funding limited term.
https://lao.ca.gov/Publications/Report/5101

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

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 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - Some of the largest spending augmentations proposed include: (1) $60  million to provide additional grants under the Cal Competes program; (2)  the intent to partially restore an ongoing reduction to the trial courts, which, if enacted, would cost $42  million ongoing; and (3)  the Governor ’s proposed expansion to College Corps, which would cost $5  million in 2025 ‑26, but grow to $84  million  ongoing.
https://lao.ca.gov/Publications/Report/4951

Rethinking California's Reserve Policy

Apr 10, 2025 - Throughout this period, as shown on the right side of Figure  3, the SFEU balance was generally enacted around 1  percent to 3  percent of revenues —very small compared to the reserves and surpluses of the decades before.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - Figure  3 provides a broader perspective on changes in long-term spending across major programs —largely reflecting the May Revision ’s ongoing solutions. (However, the figure also captures the effects of updated assumptions and estimates.)
https://lao.ca.gov/Publications/Report/5052

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - This includes (1) $45  million from the Prepare California community hardening grant program, (2) $21  million from a gun buyback program, (3) $15  million from the Seismic Retrofitting Program for Soft Story Multifamily Housing, and (4) $12  million from the California Wildfire Mitigation home hardening program.
https://lao.ca.gov/Publications/Report/4922

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

Oct 2, 2018 - The budget provides an additional $39. 1  m illion from the General Fund to support various capital outlay projects in state prisons. Some of the most significant projects are to: ( 1)  c onstruct a kitchen at the California Correctional Center in Susanville ($19. 7  m illion), ( 2)  d evelop working drawings to construct mental health crisis bed facilities at
https://lao.ca.gov/Publications/Report/3870/11

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - The largest expenditures included in the administration ’s estimates but excluded from our analysis are: (1)  spending $1.7  billion to accelerate the repayment of bond debt service in 2024 ‑25, (2)  setting aside additional reserve deposits of $1  billion in 2024 ‑25 and $3  billion in 2025 ‑26, and (3)  spending $1.9  billion
https://lao.ca.gov/Publications/Report/4646