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

New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - Inflation Risk Is Really a Revenue Risk Although high inflation often is most associated with rising prices and a higher cost of living, from a state budget perspective, the overriding worry is on the revenue side.
https://lao.ca.gov/Publications/Report/4653

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

Oct 2, 2018 - Future Cost ‑Of ‑Living Adjustments May Be Provided. The budget includes language that would adjust the CalWORKs grant based on annual changes to the cost of living, as measured by the California Necessities Index, beginning July  1, 2022.
https://lao.ca.gov/Publications/Report/3870/7

A Framework for Allocating Federal Recovery Funds

May 4, 2021 - This also would allow the Legislature to consider how the state ’s plan would interact with future potential federal action (such as the Biden Administration ’s infrastructure proposal). Other Considerations.
https://lao.ca.gov/Publications/Report/4422

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - (Our estimates do not account for potential interactions with the state appropriations limit. The nearby box explains how the limit could affect school funding.) The State Appropriations Limit and School Funding Constitution Establishes State Appropriations Limit (SAL).
https://lao.ca.gov/Publications/Report/4473

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - These challenges would not be short-lived either. After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - This interactive graphic shows how this year's state budget spent $182 billion. (Similar to the Spending Plan, this figure generally reflects actions taken in budget package through September 2017. It excludes money from the federal government and from bond issuances.)
https://lao.ca.gov/Publications/Report/3694/13

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Below, we present an interactive graphic that helps the reader visualize how the state budget spent $167  billion in total state revenues. (We exclude money from the federal government and from bond issuances in order to focus on state revenues.)
https://lao.ca.gov/Publications/Report/3487/12

The 2019-20 Budget: California's Fiscal Outlook

Nov 14, 2018 - To be clear, this means we: Assume Cost ‑of ‑Living Increases Remain in Place. Consistent with recent practice, we have assumed a variety of programs receive cost ‑of ‑living adjustments across the period.
https://lao.ca.gov/Publications/Report/3896