The 2012-13 Budget: Economic and Revenue Update [Publication Details]

Feb 27, 2012 - Like the economic data, reports concerning state revenues have been mixed recently too, with weakness in income tax payments accompanied by speculation concerning a future bonanza of tax revenues due to the possible offering of stock by Facebook, Inc.
https://lao.ca.gov/Publications/Detail/2578

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

Oct 2, 2018 - The budget dedicates $ 90  m illion in 2018 ‑ 19 t o increase these grants beginning in April 2019, but the full ‑year cost of these increases is $ 360  m illion. The budget also dedicates about $ 348  m illion to the universities on an ongoing basis and $ 139  m illion to increase salaries for correctional officers.
https://lao.ca.gov/Publications/Report/3870

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Moreover, these deficit estimates do not account for a downturn. Were the markets to drop considerably, budget problems would be tens of billions of dollars larger, necessitating even deeper cuts and/or tax increases.
https://lao.ca.gov/Publications/Report/5104

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - Importantly, these budget solutions also included a planned withdrawal from the state ’s rainy ‑day fund, the Budget Stabilization Account (BSA), of $7.1  billion. The June 2025 spending plan maintains these actions, including the reserve withdrawal.
https://lao.ca.gov/Publications/Report/5079

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

Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - Evolution of the Balance of the Budget Stabilization Account California’s Fiscal Outlook Evolution of the Balance of the Budget Stabilization Account The budget has a few general purpose reserve accounts.
https://lao.ca.gov/Publications/Report/3900

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - Proposition  2 requires the state to make annual deposits into the Budget Stabilization Account (BSA), with amounts generally increasing when revenues —particularly those from capital gains —are higher.
https://lao.ca.gov/Publications/Report/5101

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

Oct 2, 2018 - Poverty Increases cash assistance grants beginning in April 2019 ($90  million in 2018 ‑19, $360  million ongoing). Provides $220  million (one time) to reverse the CalFresh cash out policy for SSI/SSP.
https://lao.ca.gov/Publications/Report/3870/1

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - Finally, although we have not previously recommended the Leg islature take decisive action to address the structural deficits, the state ’s persistent fiscal imbalance and the added downside risks —particularly from potential federal actions —suggest a need for a more proactive approach.
https://lao.ca.gov/Publications/Report/5044

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

Nov 15, 2024 - The added complexity from the alternative revenue estimates making this possible is a worthwhile price to pay. Reaffirming the LAO ’s Independent Mandate The LAO was established in 1941 because the Legislature sought an independent source of information and analysis —one directly accountable to it and serving as a fiscal watchdog on its behalf.
https://lao.ca.gov/Publications/Report/4938