The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - This increases the size of the budget  problem. $800   Million in Other Differences. Across the rest of the budget, our estimates of baseline spending —for example, for caseload growth, federal reimbursements, and statutory cost increases —and constitutional requirements —for example, for infrastructure and deposits into reserves —differ , on net, by $800  million.
https://lao.ca.gov/Publications/Report/4662

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - On January 10, 2023, Governor Newsom presented his proposed state budget to the Legislature. In this report, we provide a brief summary of the proposed budget based on our initial review. In the coming weeks, we will analyze the plan in more detail and release several additional budget analyses.
https://lao.ca.gov/Publications/Report/4662/2

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - On January 10, 2023, Governor Newsom presented his proposed state budget to the Legislature. In this report, we provide a brief summary of the proposed budget based on our initial review. In the coming weeks, we will analyze the plan in more detail and release several additional budget analyses.
https://lao.ca.gov/Publications/Report/4662/1

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - On January 10, 2023, Governor Newsom presented his proposed state budget to the Legislature. In this report, we provide a brief summary of the proposed budget based on our initial review. In the coming weeks, we will analyze the plan in more detail and release several additional budget analyses.
https://lao.ca.gov/Publications/Report/4662/4

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - On January 10, 2023, Governor Newsom presented his proposed state budget to the Legislature. In this report, we provide a brief summary of the proposed budget based on our initial review. In the coming weeks, we will analyze the plan in more detail and release several additional budget analyses.
https://lao.ca.gov/Publications/Report/4662/3

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

Jan 13, 2025 - The Governor has signaled interest in changing the state ’s reserve policy by: (1)  increasing the cap on BSA required deposits from 10  percent of General Fund taxes to 20  percent of General Fund taxes, and (2)  excluding the state ’s reserve deposits from the state appropriations limit.
https://lao.ca.gov/Publications/Report/4951

Cap-and-Invest: November 2025 Auction Update and 2026-27 Budget Context

Dec 9, 2025 - (In our November 2025 publication, The 2026-27 Budget: California’s Fiscal Outlook , we estimate that the Legislature faces an almost $18 billion budget problem in 2026-27—and that estimate already assumes that GGRF and not the General Fund covers $1.25 billion of CalFire costs.)
https://lao.ca.gov/Publications/Report/5096

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - LAO Recommendation: Prioritize Proposals That Address Clearly Defined Problems. As the Legislature evaluates the Proposition  98 budget, we encourage it to prioritize proposals that (1)  clearly identify underlying problems and (2)  explain why existing programs are unable to address those problems.
https://lao.ca.gov/Publications/Report/4492

The 2026-27 Budget: Framework for Approaching the Natural Resources, Environmental Protection, and Agriculture Budget

Feb 10, 2026 - These chronic deficits have persisted even as the state ’s economy and revenues have grown and the Legislature has adopted solutions totaling more than $125  billion to address budget problems over the past four years, underscoring that the problem is structural rather than cyclical.
https://lao.ca.gov/Publications/Report/5116

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - The BSA deposits would be required regardless of whether or not the state had made withdrawals from the BSA in 2020. That is, they are large because of revenue revisions, not due to restoring withdrawals made last year to address the anticipated budget problem.
https://lao.ca.gov/Publications/Report/4432