Federal Spending in California

Jan 18, 2017 - Some amounts are published on different bases that do not align with the state fiscal year (July 1st to June 30th). For example, the refundable portion of the EITC is estimated on a tax year basis (which runs from January 1st to December 31st) and defense contracts on a federal fiscal year basis (October 1st to September 30th) .
https://lao.ca.gov/Publications/Report/3531/1

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 2016-17 Budget: The Governor’s Reserve Proposal

Feb 19, 2016 - Under the second statute, the trigger would occur if (1) the “General Fund reserve ” exceeds about 3  percent of revenues (currently, $4  billion) and (2) actual General Fund revenues between May 1st and September 30th exceed the administration ’s forecasted amounts.
https://lao.ca.gov/Publications/Report/3348

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - Together, these scoring differences account for the roughly $27  billion difference in our office ’s accounting of the budget problem and the administration ’s scoring. While we would maintain that our approach more accurately reflects current law, these scoring differences do not reflect substantive differences in state ’s fiscal position.
https://lao.ca.gov/Publications/Report/4902

The 2013-14 Budget: California Spending Plan - The 2013-14 Budget: California Spending Plan [Video]

Included are highlights from the administration 's official scoring of the budget package.
https://lao.ca.gov/Videos/Player?playlistId=84

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - We understand that while the administration indicates it will provide this payment in the future—after the final calculation of the minimum funding requirement—it also has not scored this future obligation in its multiyear budget.
https://lao.ca.gov/Publications/Report/4951

The 2022-23 California Spending Plan: The State Appropriations Limit

Sep 30, 2022 - As a result, these types of tax refunds are scored as spending rather than revenue reductions. The spending plan includes $9.5  billion General Fund for a one-time payment, the Better for Families tax refund.
https://lao.ca.gov/Publications/Report/4631

Building Reserves to Prepare for a Recession

Mar 7, 2018 - Under the second statute, the trigger would occur if ( 1) t he “General Fund reserve ” exceeds about 3  p ercent of revenues (currently, around $ 4  b illion) and ( 2) a ctual General Fund revenues between May 1st and September 30th exceed the administration ’s forecasted amounts.
https://lao.ca.gov/Publications/Report/3769

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

Oct 2, 2018 - The budget scores all of the settle ‑up payment as a Proposition  2 debt payment. Budget Package Enacts New Proposition   98 Certification Process. Certification is the process of finalizing the calculation of the minimum guarantee after the fiscal year is over.
https://lao.ca.gov/Publications/Report/3870/3