The 2026-27 Budget: How to Use One-Time Revenue Improvements [Publication Details]

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https://lao.ca.gov/Publications/Detail/5133

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

Feb 20, 2026 - The 2026-27 Budget: How to Use One-Time Revenue Improvements The 2026-27 Budget How to Use One-Time Revenue Improvements Recent stock market performance continues to boost income tax collections. In our Fiscal Outlook , we strongly advised the Legislature to treat near-term strength in tax collections as temporary because we expect these gains to reverse.
https://lao.ca.gov/Publications/Report/5133

The 2021-22 Budget: CalWORKs Fiscal Outlook

Dec 8, 2020 - Currently authorized federal relief funding will be expended by 2020, and it is not clear whether additional relief measures will be authorized or for how long. At some point, all relief funding will be expended.
https://lao.ca.gov/Publications/Report/4306

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Most of these gains come from the meteoric rise in the value of a handful of tech companies that investors believe will be major beneficiaries of recent advances in AI. These companies have made big bets on AI, spending hundreds of billions of dollars on data centers and offering extraordinary pay packages to recruit AI researchers.
https://lao.ca.gov/Publications/Report/5091

The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities

Feb 5, 2019 - Illustration of How Reserves Work. Figure  3 shows a hypothetical example of how reserves work. The left side of the figure shows spending from year to year without budget reserves, while the right side shows a budget with reserves.
https://lao.ca.gov/Publications/Report/3925

Flexible Funding to California in the American Rescue Plan

Mar 23, 2021 - That guidance will be important to our understanding of how the state can spend the funds —for example, what purposes will be allowable or prohibited —and how some of the specific restrictions will work.
https://lao.ca.gov/Publications/Report/4407

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 Budget: California Spending Plan—Debt Liabilities

Oct 17, 2019 - Figure  2 shows how this works. (For budgetary purposes, the state only recognized the deferral in the General Fund, not other funds ’ statements.) Cost to Undo the Payroll Deferral. In the first year a deferral is made, it results in significant savings for the state because the state only pays the partial cost of a year ’s expense.
https://lao.ca.gov/Publications/Report/4106

An Extraordinary Moment in California's Fiscal History

Apr 11, 2019 - In another example, the Governor proposes expanding the California Earned Income Tax Credit (CalEITC) program. The administration would pay for CalEITC with the additional revenue that would result from conforming the state tax code to various federal tax code provisions.
https://lao.ca.gov/Publications/Report/4003

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - One path is falling interest rates and expansion of money available for lending and investment. A key driver of California ’s economic slump over the last two years has been the Federal Reserve ’s efforts to tamp down inflation by raising interest rates and shrinking how much money is available for lending and investment.
https://lao.ca.gov/Publications/Report/4939