The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - This Time Might Be Different, but It Is Not Safe to Bet on It. With so much enthusiasm surrounding AI, it now appears time to take seriously the notion that the stock market has become overheated. History suggests that the stock market is prone to overreact to major technological advances, even if the technology itself turns out to be revolutionary.
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 Budget: Proposition 98 Outlook

Nov 14, 2018 - For 2019 ‑20, Test   1 i s the operative test under our outlook. If revenue were to be lower than our estimate by any amount, Test  1 would remain operative and the guarantee would drop about 40 c ents for each dollar of lower revenue.
https://lao.ca.gov/Publications/Report/3897

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - IHSS solutions have some overlap with Medi-Cal, including terminating services for adults with unsatisfactory immigration status and reinstating the asset test. In addition, the state would lower the IHSS provider overtime cap, among other solutions.
https://lao.ca.gov/Publications/Report/5052

Rethinking California's Reserve Policy

Apr 10, 2025 - That is, we aim to construct a reserve policy that has the best chance of withstanding the test of time and minimizes the need for the Legislature to ask voters to make further changes to the Constitution in a few years.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - Although the Legislature solved sizeable deficits over the past few years, totaling over $80  billion, those solutions largely only impacted one-time and temporary programs supported by the one-time, post-pandemic revenue surge.
https://lao.ca.gov/Publications/Report/4983

A History of California’s Budget Reserves

Mar 24, 2017 - For example, during periods of recession, the unemployment rate tends to increase, which can result in more people enrolling in means-tested programs like Medi-Cal. State Budget Reserve Policy Has Changed Over Time.
https://lao.ca.gov/Publications/Report/3630

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

Oct 2, 2018 - Contaminant Testing Guidelines at Public Beaches. $354, 000 i n 2018 ‑19 from the General Fund to finalize implementation of contaminant testing guidelines at public beaches. (The General Fund will also provide decreasing amounts for this purpose through 2022 ‑23.)
https://lao.ca.gov/Publications/Report/3870/6

The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - This would allow time for schools to ramp up testing capabilities an d address other implementation issues with a smaller group of students and staff. Alternatively, the Legislature could direct resources to expanding statewide testing capacity and infrastructure that would allow schools to more easily access routine testing as a way to support school reopening.
https://lao.ca.gov/Publications/Report/4309

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Addresses Testing and Quality Assurance. Includes various provisions related to the testing and quality assurance process, including creating a quality assurance compliance monitor employed by DCA to conduct random quality control inspections and verify compliance with state standards.
https://lao.ca.gov/Publications/Report/3694/12