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

May 12, 2019 - In the May Revision, the Governor proposes a new sales tax exemption for tampons, sanitary napkins, menstrual cups, and menstrual sponges. 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

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - Under our forecast, a fiscal emergency would be available both in 2023 ‑24 and 2024 ‑25. In the case of a fiscal budget emergency, the Legislature only can withdraw the lesser of: (1)  the amount of the budget emergency, or (2)  50  percent of the BSA balance (in each year).
https://lao.ca.gov/Publications/Report/4819

Rethinking California's Reserve Policy

Apr 10, 2025 - Eliminate Complex Fiscal Emergency Rules. Under current law, the Legislature may only withdraw reserves if the Governor declares a budget emergency, which can be triggered by either a disaster or a fiscal emergency.
https://lao.ca.gov/Publications/Report/5028

The 2022-23 California Spending Plan: The State Appropriations Limit

Sep 30, 2022 - Emergency Spending Through Learning Recovery Emergency Fund. Chapter  53 of 2022 (AB  182, Committee on Budget) created the Learning Recovery Emergency Fund, a special fund to assist schools and community colleges in the long-term recovery from the COVID-19 pandemic.
https://lao.ca.gov/Publications/Report/4631

The 2023-24 Budget: Initial Comments on the Governor's May Revision

May 15, 2023 - CARB = California Air Resources Board; BHC= Baldwin Hills Conservancy; CalRecycle = California Department of Resources, Recycling and Recovery; CalFire = California Department of Forestry and Fire Protection; CCC = California Conservation Corps; CNRA = California Natural Resources Agency; CPUC = California Public Utilities Commission; CVC = Coachella Valley Conservancy; DFW = D epartment of Fish
https://lao.ca.gov/Publications/Report/4769/1

State Funding Actions Related to COVID-19

Apr 20, 2020 - SB 89 (Committee on Budget and Fiscal Review); DREOA = Disaster Response ‑Emergency Operations Account; SB 117 (Committee on Budget and Fiscal Review); DGS= Department of General Services; OES = Governor ’s Office of Emergency Services; CDPH = California Department of Public Health; EMSA = Emergency Medical Services Authority; BCH = Business,
https://lao.ca.gov/Publications/Report/4223

The 2021-22 California Spending Plan: The State Appropriations Limit

Aug 30, 2021 - Emergency Expenditures. The Constitution also allows expenditures on emergencies to be excluded from appropriations subject to the limit. Those expenditures must meet three specific conditions to qualify.
https://lao.ca.gov/Publications/Report/4449

The State Appropriations Limit

Apr 21, 2021 - As mentioned above, certain conditions must exist for state spending on an emergency to qualify as an exemption, which exist in these cases: Governor Declared Emergency. First,  to  qualify as an exemption, spending on emergencies must be made in response to a declared emergency by the Governor.
https://lao.ca.gov/Publications/Report/4416