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

Tempered Expectations

Dec 9, 2019 - Furthermore, in the real world, of course, the risk of a recession cannot be assumed away. Although the impending threat of a recession has seemed to wax and wane throughout 2019, we suspect that downside risk to the economy is now elevated compared with prior years’ outlooks.
https://lao.ca.gov/Publications/Report/4122

The 2020-21 Budget: California's Fiscal Outlook

Nov 20, 2019 - We find that the state now is in good shape to weather a recession typical of the post ‑World War II era. This shows the significant progress California has made in preparing for a downturn. It does not mean, however, that the state is prepared to weather any possible recession.
https://lao.ca.gov/Publications/Report/4111

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

Aug 30, 2021 - Second, the budget made the Golden State Stimulus payments an emergency expenditure, which is excluded from the SA L (described below). Third, the budget shifted some capital outlay spending from federal funds (specifically, American Rescue Plan fiscal relief funds) to General Fund, increasing room under the limit.
https://lao.ca.gov/Publications/Report/4449

Taking Stock of California’s Recession Readiness

Feb 12, 2020 - Our November 2019 Fiscal Outlook found the state was in good shape to weather a recession typical in severity to those of the post-World War II era. The state’s large budget reserves were important to our finding, but so too were its operating surpluses.
https://lao.ca.gov/Publications/Report/4156

California’s Fiscal Outlook: The 2011-12 Budget [Publication Details]

Nov 10, 2010 - California’s Fiscal Outlook: The 2011-12 Budget [Publication Details] Video Description: Our forecast of California’s General Fund revenues and expenditures shows that the state must address a budget problem of $25.4 billion between now and the time the Legislature enacts a 2011‑12 state budget plan.
https://lao.ca.gov/Publications/Detail/2365

The 2011-12 Budget: Overview of the Governor’s Budget Press Conference - The 2011-12 Budget: Overview of the Governor’s Budget [Video]

The 2011-12 Budget: Overview of the Governor’s Budget Press Conference - The 2011-12 Budget: Overview of the Governor’s Budget [Video] To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video The 2011-12 Budget: Overview of the Governor’s Budget January 12, 2011 Legislative
https://lao.ca.gov/Videos/Player?playlistId=72

The Budget Package: 2011-12 California Spending Plan [Publication Details]

Aug 11, 2011 - The Budget Package: 2011-12 California Spending Plan [Publication Details] The Budget Package: 2011-12 California Spending Plan Format: HTML Description: The 2011–12 state spending plan includes total budget expenditures of $120.1 billion from the General Fund and special funds.
https://lao.ca.gov/Publications/Detail/2506