Federal Spending in California

Jan 18, 2017 - Some amounts are published on different bases that do not align with the state fiscal year (July 1st to June 30th). For example, the refundable portion of the EITC is estimated on a tax year basis (which runs from January 1st to December 31st) and defense contracts on a federal fiscal year basis (October 1st to September 30th) .
https://lao.ca.gov/Publications/Report/3531/1

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - The 2026-27 Budget: California's Fiscal Outlook Executive Summary Not Safe to Bet Artificial Intelligence ( AI) Fueled Exuberance Is Sustainable. Both the California and U.S. economies currently face significant headwinds.
https://lao.ca.gov/Publications/Report/5091

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

Jan 12, 2026 - That said, recent budgets have set the SFEU bet ween $3.5  billion and $4.5  billion, so the Governor ’s budget proposal to set the balance to $4.5  billion is generally in line with recent policy.
https://lao.ca.gov/Publications/Report/5101

The 2016-17 Budget: The Governor’s Reserve Proposal

Feb 19, 2016 - Under the second statute, the trigger would occur if (1) the “General Fund reserve ” exceeds about 3  percent of revenues (currently, $4  billion) and (2) actual General Fund revenues between May 1st and September 30th exceed the administration ’s forecasted amounts.
https://lao.ca.gov/Publications/Report/3348

Building Reserves to Prepare for a Recession

Mar 7, 2018 - Under the second statute, the trigger would occur if ( 1) t he “General Fund reserve ” exceeds about 3  p ercent of revenues (currently, around $ 4  b illion) and ( 2) a ctual General Fund revenues between May 1st and September 30th exceed the administration ’s forecasted amounts.
https://lao.ca.gov/Publications/Report/3769

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

Oct 2, 2018 - The Chafee Education and Training Vouchers Program provides grants of up to $5,000 a year for individuals who ( 1)  w ere in foster care at some point between the ages of 16 and 18, ( 2)  a re less than 22 years old as of July 1st of the award year, ( 3)  h ave a financial need, and ( 4)  a re attending qualifying career and technical training or college.
https://lao.ca.gov/Publications/Report/3870/7

The 2019-20 Budget: California's Fiscal Outlook

Nov 14, 2018 - The Department of Finance (DOF) is required to make a determination about whether the conditions are met before November 1st of each year. This year ’s DOF letter on the sales tax triggers noted that —under the budget act estimates of revenues and reserve balances —the conditions for neither of these triggers were met.
https://lao.ca.gov/Publications/Report/3896