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 - Any level above that is up to the discretion of the Legislature. As a result, we consider the entire balance of the SFEU to be a discretionary choice. 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

Cal Facts: 2016

Dec 5, 2016 - Recent Legislation Requires More Greenhouse Gas Reductions by 2030 MMtCO2e The Global Warming Solutions Act of 2006, commonly referred to as AB 32, established a target of reducing greenhouse gas (GHG) emissions statewide to 1990 levels by 2020.
https://lao.ca.gov/Publications/Report/3511/5

The 2016-17 Budget: The Governor’s Proposition 2 Debt Proposal

Feb 24, 2016 - By using most of Proposition  2 required debt payments for special fund loans and Proposition  98 settle up, the administration’s debt proposal prioritizes low–interest debts in 2016–17. Two of these items, repayment of the Transportation Congestion Relief Fund loan and Proposition  98 settle up, carry no interest at all.
https://lao.ca.gov/Publications/Report/3363

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - In addition, the budget includes provisional language allowing Caltrans, upon the approval of the Department of Finance and notification to the Joint Legislative Budget Committee, to spend up to $20  million in state funds (with up to $20  million in matching federal funds) on zero ‑emission vehicle charging stations.
https://lao.ca.gov/Publications/Report/3694/10

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Enhanced Federal Match for Home ‑ and Community ‑Based Services (HCBS). The ARP also included a temporary enhanced federal match rate for HCBS funded through the Medicaid program, which reduces the state ’s share of base program costs for these services by $3 billion.
https://lao.ca.gov/Publications/Report/4472

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

Oct 2, 2018 - Schools can qualify for up to $20, 000 p er teacher candidate, with a dollar ‑for ‑dollar local match required. The funds can be used in a variety of ways, including providing stipends for teacher candidates and teacher mentors.
https://lao.ca.gov/Publications/Report/3870/3

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

Oct 2, 2018 - Participating counties and tribes are required to provide a dollar ‑for ‑dollar match to receive state funds. Budget ‑related legislation also requires an independent evaluation of the impacts of the program.
https://lao.ca.gov/Publications/Report/3870/7

The 2026-27 Budget: How to Use One-Time Revenue Improvements

Feb 20, 2026 - For example, we recommend the Legislature: Do Not Suspend the $3  Billion True Up Into the Budget Stabilization Account (BSA). The Governor ’s budget proposes suspending a roughly $3  billion true-up deposit that otherwise would be required in 2025-26.
https://lao.ca.gov/Publications/Report/5133

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Second, the Governor proposed suspending a $2.8  billion true-up deposit to the state ’s reserve that otherwise would be required. This proposal helps balance the budget but runs counter to the basic fiscal logic that stronger-than-expected revenues should be used to build reserves.
https://lao.ca.gov/Publications/Report/5104