The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - This  is not a prediction of what will happen —state and federal laws and policies will change in the coming years —but rather serves as a baseline to help the Legislature understand its starting place.
https://lao.ca.gov/Publications/Report/5091

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - These choices included about $11  billion in spending ‑related solutions and $15  billion in all other solutions, including $5.5  billion in temporary revenue increases and a $7  billion withdrawal from the state ’s rainy ‑day fund .
https://lao.ca.gov/Publications/Report/4939

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Figure 11 California Student Aid Commission Budget (Dollars in Millions)
https://lao.ca.gov/Publications/Report/3694/5

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 2021-22 Spending Plan: Other Provisions

Sep 23, 2021 - The first three —Control Sections 11.91, 11.95, and 11. 96 —provide the administration with additional flexibility to expend state and federal funds. The second two —Control Sections 19.56 and 19. 57 —provide appropriations for a variety of legislative priorities.
https://lao.ca.gov/Publications/Report/4452

Despite Fiscal Forecasting Uncertainties, Multiyear Budget Planning Essential

May 27, 2021 - While events of the past year show that attempting to predict the future is a fool ’s errand, the value of multiyear fiscal estimates is not in their predictive precision. Rather, policymakers need insight on the condition of the state ’s underlying fiscal operations —annual revenues relative to expenditures —outside of any near-term surplus or deficit.
https://lao.ca.gov/Publications/Report/4443

The 2019-20 Budget: Undoing California’s Outstanding Budgetary Deferrals

Mar 26, 2019 - The Legislature could consider transitioning Medi-Cal back to an accrual budget as a way to increase legislative oversight and improve the predictability of the Medi-Cal budget. Doing so would match budgeted costs to when services are delivered, more closely align Medi-Cal ’s budget with the trends in underlying program dynamics, smooth year-to-year changes in the Medi-Cal budget, and could make the budget more predictable.
https://lao.ca.gov/Publications/Report/3988

Rethinking California's Reserve Policy

Apr 10, 2025 - That is: the state will face revenue downturns in the future, but we can ’t predict when those will occur or how big they will be. This makes the state ’s reserve policy more like an individual saving for retirement.
https://lao.ca.gov/Publications/Report/5028

California's Legislative Analyst's Office and the Value of Independence

Nov 15, 2024 - But since macroeconomic dynamics are multifaceted and context dependent, successfully predicting the scenario that will play out is virtually impossible. Consider as evidence that in just the last several years —during and after the COVID-19 pandemic —consensus macroeconomic forecasts have been wildly off from actual outcomes.
https://lao.ca.gov/Publications/Report/4938

The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products

May 12, 2019 - The administration estimates that the forgone revenue from this exemption will be $5.5  million General Fund ($12  million total) in 2019 ‑20, $11  million General Fund ($24  million total) in 2020 ‑21, and $5.5  million General Fund ($12  million total) in 2021 ‑22.
https://lao.ca.gov/Publications/Report/4040