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 2019-20 May Revision: Opportunity Zones

May 11, 2019 - The 2019-20 May Revision: Opportunity Zones The 2019-20 May Revision Opportunity Zones Summary. The Governor proposes to allow state tax benefits for investments in alternative energy or affordable housing in communities designated as Opportunity Zones under a new federal program.
https://lao.ca.gov/Publications/Report/4038

The 2021-22 Budget: CalWORKs Fiscal Outlook

Dec 8, 2020 - The 2021-22 Budget: CalWORKs Fiscal Outlook The 2021-22 Budget CalWORKs Fiscal Outlook In this post, we describe our most recent forecast for California Work Opportunity and Responsibility to Kids (CalWORKs) program costs and discuss recent caseload trends.
https://lao.ca.gov/Publications/Report/4306

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

Feb 20, 2026 - Accordingly, any windfall received from this revenue uptick represents an opportunity for the Legislature to prepare for future fiscal challenges. Our Revenue Estimates Consistent With $2.5  Billion Upgrade to Budget Bottom Line Compared to January.
https://lao.ca.gov/Publications/Report/5133

The 2026-27 Budget: How to Use One-Time Revenue Improvements [Publication Details]

Feb 20, 2026 - Recent stock market performance continues to boost income tax collections. In our Fiscal Outlook, we strongly advised the Legislature to treat near-term strength in tax collections as temporary because we expect these gains to reverse. Further, the state faces significant structural deficits in the future.
https://lao.ca.gov/Publications/Detail/5133

A Framework for Allocating Federal Recovery Funds

May 4, 2021 - The magnitude of the federal package represents a unique opportunity for the state to take significant steps towards addressing various longstanding challenges that the pandemic has served to magnify.
https://lao.ca.gov/Publications/Report/4422

A Framework for Allocating Federal Recovery Funds [Publication Details]

May 4, 2021 - Moreover, beyond a relatively broad set of pandemic-related parameters, the ARP likely provides states with considerable flexibility over how to allocate the funds, presenting the Legislature with a unique opportunity.
https://lao.ca.gov/Publications/Detail/4422

The 2016-17 Budget: The Governor’s Proposition 2 Debt Proposal

Feb 24, 2016 - To maximize this opportunity, we advise the Legislature to develop a long–term plan for Proposition  2 debt payment funds. For example, as we outline here, one way to seize this opportunity would be to address unfunded liabilities for retiree health benefits for state and CSU employees and judges’ pensions.
https://lao.ca.gov/Publications/Report/3363

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - However, these hearings also present the opportunity for the Legislature to step back and evaluate whether programs are functioning as intended. Specifically, the Legislature can assess whether programs are providing adequate benefits given the costs.
https://lao.ca.gov/Publications/Report/4983