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

Jan 12, 2026 - Constitutionally required spending is higher under the administration ’s estimates by about $13  billion across the budget window. This  increases the administration ’s estimate of the deficit relative to our forecast, partially offsetting some of the revenue improvement.
https://lao.ca.gov/Publications/Report/5101

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - At the time of the 2025 ‑26 Budget Act , the administration anticipated the state would face an almost $13  billion budget problem in 2026 ‑27. In addition, the administration estimated the state would continue to face structural deficits between $15  billion and $25  billion through  2028 ‑29. 2026 ‑27 Budget Problem Now Larger Than Anticipated.
https://lao.ca.gov/Publications/Report/5091

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - The 2023-24 Budget: Overview of the Spending Plan (Final Version) Overview of the Spending Plan (Final Version) Appendix 4: Large One-Time and Temporary Augmentations Transportation Appendix 4, Figure 1 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Business and Labor General Fund (In millions) Begin new information technology overhaul
https://lao.ca.gov/Publications/Report/4788/4

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - In addition, the Governor ’s budget includes $13  billion in reserve withdrawals, which represent nearly one ‑quarter of the total; $4  billion in cost shifts; and about $400  million in revenue ‑related solutions.
https://lao.ca.gov/Publications/Report/4825

Rethinking California's Reserve Policy

Apr 10, 2025 - As shown in Figure  13 , since Proposition  2 was passed, excess capital gains to Proposition  2 have been reduced between 0  percent to 30  percent each year (larger increments are also possible, if not likely, in the future).
https://lao.ca.gov/Publications/Report/5028

The 2012-13 Budget: Overview of the May Revision [Publication Details]

May 18, 2012 - The 2012-13 Budget: Overview of the May Revision [Publication Details] Press Conf Description: In the May Revision of his 2012-13 budget proposal, the Governor identified a larger budget problem of $15.7 billion for state leaders to address in the coming weeks.
https://lao.ca.gov/Publications/Detail/2635

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - The budget package includes trailer bill legislation (Chapter  13 of 2023 [A B  119 , Committee on Budget]) to renew a tax on health insurance plans known as the MCO tax. Chapter  13 authorizes the tax from April 2023 through December 2026.
https://lao.ca.gov/Publications/Report/4788

The 2012-13 Budget: Overview of the Governor's Budget [Publication Details]

Jan 11, 2012 - The 2012-13 Budget: Overview of the Governor's Budget [Publication Details] Video Description: The Governor’s proposed tax initiative is the cornerstone of his 2012-13 budget plan, which includes proposals to restructure education finance, reduce social services and child care programs substantially, and implement trigger cuts--primarily affecting schools--if voters do not approve the tax measure.
https://lao.ca.gov/Publications/Detail/2552

The 2012-13 Budget: Overview of the May Revision - The 2012-13 Budget: Overview of the May Revision [Video]

The 2012-13 Budget: Overview of the May Revision - The 2012-13 Budget: Overview of the May Revision [Video] To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video The 2012-13 Budget: Overview of the May Revision May 18, 2012 In the May Revision of his 2012-13 budget
https://lao.ca.gov/Videos/Player?playlistId=75

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

May 17, 2024 - The Governor also reduces the state ’s reliance on reserves —using only $4  billion in reserve withdrawals to cover the deficit, significantly less than the $13  billion proposed in January. Proposed Budget Structure Puts the State on Better Fiscal Footing.
https://lao.ca.gov/Publications/Report/4902