The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Instead, much of the bounce appears to be tied to special forms of pay for high ‑income workers, such as bonuses and stock  compensation. Booming Stock Market Driving Income Growth. The recent run ‑up in the stock market, which appears tied to optimism surrounding artificial intelligence, is a primary driver of the rapid growth in pay to high ‑income workers.
https://lao.ca.gov/Publications/Report/4939

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

Feb 20, 2026 - The Governor ’s budget also maintains a $7  billion withdrawal from the BSA in 2025-26. If a May Revision windfall exceeds the amount needed to fund the true up, we recommend the Legislature use those resources to reduce the size of this withdrawal.
https://lao.ca.gov/Publications/Report/5133

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

Oct 2, 2018 - Budget Package Signed by Governor. The Governor signed the 2018 ‑19 Budget Act and 26  o ther budget related bills between June and September 2018. These bills are detailed in Figure  7 . The Governor did not veto any appropriations in the 2018 ‑19 Budget Act .
https://lao.ca.gov/Publications/Report/3870/2

The 2018-19 Budget: Repaying the CalPERS Borrowing Plan

Apr 4, 2018 - At a meeting in December 2016, the CalPERS governing board voted to lower its investment return assumption from 7. 5  p ercent to 7  p ercent over three years. By assuming less money comes into the system through investment gains, the state will be required to contribute more money to pay for current and future pension costs as well as a larger unfunded liability.
https://lao.ca.gov/Publications/Report/3797

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - Second, the spending plan includes $445. 7 m illion General Fund ($755. 7 m illion total funds) in 2021 ‑ 22 t o fund the Behavioral Health Continuum Infrastructure Program —which will provide grant funding to local entities for behavioral health facilities or mobile crisis infrastructure.
https://lao.ca.gov/Publications/Report/4448

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

Jan 12, 2026 - Ongoing, the Governor ’s spending ‑related solutions provide $5  billion in savings within a few years. Appendix 1 provides a list of the Governor ’s budget solutions. Generates $5.6 Billion School and Community College Settle‑Up Obligation in 2025‑26.
https://lao.ca.gov/Publications/Report/5101

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - On January 7, 2016 the Governor presented his 2016 –17 budget proposal to the Legislature. The budget included $168  billion of state spending, including $123  billion in General Fund spending and $45  billion in special fund spending.
https://lao.ca.gov/Publications/Report/3487/2

The 2020-21 Budget: Overview of the California Spending Plan (Final Version)

Oct 5, 2020 - Ongoing General Fund spending decreases by a net of $ 251  m illion (5. 8  p ercent) for the California State University (CSU) and $ 259  m illion ( 7  p ercent) for the University of California (UC) from 2019 ‑ 20 t o 2020 ‑21.
https://lao.ca.gov/Publications/Report/4263

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - In this publication we: provide an overview of the 2025 ‑26 budget package, give a brief description of how the budget process unfolded, and then highlight the major features of the budget approved by the Legislature and signed by the Governor.
https://lao.ca.gov/Publications/Report/5079

The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities

Feb 5, 2019 - The most recently available data show that school districts ’ unrestricted reserves totaled $11. 7  b illion ( 18  p ercent of expenditures) in 2016 ‑17, up from $7. 6  b illion ( 15  p ercent) in 2013 ‑14.
https://lao.ca.gov/Publications/Report/3925