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 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 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal

Feb 4, 2022 - The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal 100 a Partial exclusions. Note: Includes proposals using General Fund surplus monies greater than $100 million. For a complete list of all proposals, see: https://lao.ca.gov/reports/2022/4492/Overview‑Appendix‑011422.pdf .
https://lao.ca.gov/Publications/Report/4515

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - 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/4939

The 2022-23 Budget: Multiyear Budget Outlook

May 24, 2022 - In two recent recessions, in fact, total revenue losses were around $100  billion. These recessions necessitated very difficult choices for the Legislature about how to cut spending to balance the budget.
https://lao.ca.gov/Publications/Report/4602

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

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - . $100  million for bicycle and pedestrian projects. $71  million for state parks ($54  million) and agricultural programs ($17  million) from fuel tax revenues from off ‑highway vehicles. $66  million for other transportation ‑related programs —such as local planning grants, freeway service patrols, and university transportation research.
https://lao.ca.gov/Publications/Report/3694/10

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

Oct 2, 2018 - The budget includes $ 100  m illion one ‑time non ‑Proposition  98 General Fund to help school districts cover facility costs associated with converting their part ‑day kindergarten programs into full ‑day programs.
https://lao.ca.gov/Publications/Report/3870/3

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