The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - This year, for example, our outlook reflects our best estimates of the effects of H.R. 1: One Big Beautiful Bill Act on the state budget but does not make assumptions about future federal policy changes.
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

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - To be licensed, providers must meet certain health and safety standards, referred to as Title 22 standards, which are established by DSS. State Preschool programs also are required to meet various other health, safety, and programmatic standards, referred to as Title 5 standards, which are established by the California Department of Education (CDE).
https://lao.ca.gov/Publications/Report/3694/4

Fiscal Outlook: In-Home Supportive Services (IHSS)

Nov 15, 2017 - The administration has conducted a number of stakeholder meetings to develop the policies for when an IHSS provider will be eligible to earn and use paid sick leave. We note that actual costs associated with paid sick leave will depend on the number of providers who earn and utilize paid sick leave.
https://lao.ca.gov/Publications/Report/3712

The 2019-20 Budget: California Spending Plan (Final Version)

Oct 17, 2019 - Teachers, administrators, and other certified employees of school districts earn pension benefits from the California State Teachers ’ Retirement System (CalSTRS). Other school district employees, such as clerical staff, also earn pension benefits administered by CalPERS.
https://lao.ca.gov/Publications/Report/4083

The 2023-24 Budget: Multiyear Assessment

Feb 15, 2023 - Based on current information, our best estimate is that revenues for these two years will be roughly $10 billion lower. Budget Problem Likely About $7   Billion Higher —Requiring Additional Solutions .
https://lao.ca.gov/Publications/Report/4687

New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - This is why inflation and the policy responses to lower it are best thought of as macroeconomic issues to be dealt with by federal policy officials. Second, fiscal policy is most likely to be inflationary when governments run budget deficits.
https://lao.ca.gov/Publications/Report/4653

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Current stock prices relative to companies ’ past earnings (a common measure of how “expensive ” stocks are) are at levels rivaled only by the transitory booms of 1999 and 2021. Furthermore, a single company (Nvidia) accounts for about one ‑third of the total gains in the S &P 500 stock index over the last year.
https://lao.ca.gov/Publications/Report/4939

Rethinking California's Reserve Policy

Apr 10, 2025 - That is, we aim to construct a reserve policy that has the best chance of withstanding the test of time and minimizes the need for the Legislature to ask voters to make further changes to the Constitution in a few years.
https://lao.ca.gov/Publications/Report/5028

Tempered Expectations

Dec 9, 2019 - We refer to this projected balance as a surplus because it is the amount of anticipated discretionary resources above what we project will be needed to fund existing commitments and legal obligations.
https://lao.ca.gov/Publications/Report/4122