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

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - Other Medi-Cal solutions aim to constrain costs —for instance, increasing pharmacy rebates —and end some forms of additional rate and service payments. One of the other large areas of solutions is in In-Home Supportive Services (IHSS).
https://lao.ca.gov/Publications/Report/5052

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - Figure  1 shows the relative size and expected growth rates of major General Fund programs. Larger bubbles reflect higher levels of spending and bubbles farther to the right reflect higher rates of expected growth.
https://lao.ca.gov/Publications/Report/4983

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - In 2023 ‑24, the CalSTRS Board set the state ’s supplemental rate to 6.311  percent (the same rate the state has paid for the past few years), while the “unconstrained ” actuarially required rate —what the CalSTRS Board could set as the state ’s rate if it had full rate ‑setting authority to meet the goal of
https://lao.ca.gov/Publications/Report/4887

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Total pay grew at a well above ‑average rate in the first half of 2024. The first quarter was especially strong, with 17  percent annualized growth in total pay, among the sharpest quarterly growth rates on record.
https://lao.ca.gov/Publications/Report/4939

Rethinking California's Reserve Policy

Apr 10, 2025 - First, the state would calculate the average growth rate in revenues over 20 years. Second, using this growth rate, the state would estimate where revenues would be in the current year if they had grown at that rate over the past three years.
https://lao.ca.gov/Publications/Report/5028

New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - The Fed ’s primary tool for implementation of its monetary policy decisions is its ability to influence the federal funds rate. When the Fed raises the funds rate, it causes financial conditions to tighten, evidenced by generally higher interest rates throughout credit markets.
https://lao.ca.gov/Publications/Report/4653

The 2020-21 Budget: Proposition 2 Debt Payment Proposals

Mar 10, 2020 - Unlike the CalPERS pension system with full rate setting authority or the CalSTRS system with limited rate setting authority, there is no automatic mechanism to increase contribution rates to retiree health benefits when new unfunded liabilities are created.
https://lao.ca.gov/Publications/Report/4196

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - LCFF = Local Control Funding Formula; LEA = local educational agency; and QRIS = Quality Rating and Improvement System. Reimbursement Rates Standard Reimbursement Rate (SRR) Increases by 10  Percent.
https://lao.ca.gov/Publications/Report/3487/4