The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - These companies have made big bets on AI, spending hundreds of billions of dollars on data centers and offering extraordinary pay packages to recruit AI researchers. This spending, coupled with sizable gains to investors and tech company employees via stock options, is boosting state income tax receipts.
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

Cap-and-Trade Extension: Issues for Legislative Oversight

Dec 12, 2017 - Options to Address Potential Overallocation Concern Exist. If the Legislature decides that having a large supply of banked allowances in the future is an issue that needs to be addressed, it has several options.
https://lao.ca.gov/Publications/Report/3719

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The CalFood program purchases food grown or produced in California to distribute to food banks in the state. The CalFood program has received several one ‑time allocations since it was created in 2011, most recently $2  million provided from the General Fund on a one ‑time basis in 2016 ‑17.
https://lao.ca.gov/Publications/Report/3694/7

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Recent stress in the banking sector illustrates the point and even if the turmoil largely has subsided, these events could potentially contribute to more constrained credit conditions. In addition to gauging the risk of recession, the type of recession that could unfold, if there is one, will matter.
https://lao.ca.gov/Publications/Report/4762

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

Oct 2, 2018 - Extends Group Homes as an Allowable Placement Option Beyond 2018. Under existing state law, group homes would no longer be an allowable foster care placement option after December 31, 2018 for most foster children.
https://lao.ca.gov/Publications/Report/3870/7

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

Oct 27, 2021 - Human Services: Discretionary Spending Proposals in the 2021 ‑22 Budget Package General Fund (In Millions) Expand APS to older adults aged 60 and over and enhance services — Fund county costs associated with CalFresh simplifcations — Augment CFAP monthly benefits to their maximum per household size $24 Expand CFAP benefits to some previously ineligible immigrants — Augment CFAP benefits by 15
https://lao.ca.gov/Publications/Report/4448/1

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

Oct 16, 2023 - CalFire = California Department of Forestry and Fire Protection; CARB = California Air Resources Board; FARMER = Funding Agricultural Replacement Measures for Emission Reductions; CEC = California Energy Commission; Go ‑Biz = Governor ’s Office of Business and Economic Development; DOC = Department of Conservation; DTSC = Department of Toxic Substances Control; DWR = Department of Water
https://lao.ca.gov/Publications/Report/4788/4

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - Chapter 53 of 2023 (SB 124, Committee on Budget and Fiscal Review) Green Bank Financing. Authorizes I ‑Bank to spend future federal funding that the state might receive through the Climate Catalyst Revolving Loan Fund program.
https://lao.ca.gov/Publications/Report/4814

Rethinking California's Reserve Policy

Apr 10, 2025 - Two Options to Reach This Higher Threshold. If the cap is raised, the state would also need to set aside more in reserve deposits to dependably reach this higher amount. There are many options for doing this, but given the volatility in the state ’s revenues, we think it is important to set aside much more funds in years when revenues are surging , rather than setting aside somewhat more in every year.
https://lao.ca.gov/Publications/Report/5028