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

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

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

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - CalSTRS is the world ’s largest educator ‑only pension system, administering the $315  billion Teachers ’ Retirement Fund for more than 1  million members and beneficiaries (as of June 2023). CalSTRS ’ 12 ‑member Teachers ’ Retirement Board (CalSTRS Board) administers the fund and is constitutionally responsible for overseeing the system ’s investment policies and ensuring that benefit payments are made on time and according to law.
https://lao.ca.gov/Publications/Report/4887

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Specifically, the funding is for the commission to create a model curriculum for ethnic studies, update standards in world languages and visual and performing arts, create computer science content standards, complete the health curriculum framework, and adopt instructional materials for history/social science and science.
https://lao.ca.gov/Publications/Report/3694/3

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The grants are to provide education about the internment of Japanese Americans during World War II, with priority for projects that link this experience to other populations facing civil rights violations.
https://lao.ca.gov/Publications/Report/3487/5

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - In our November Fiscal Outlook , we found the state has sufficient reserves to cover operating deficits in the event of a typical post‑World War II recession. This finding was based on two important assumptions.
https://lao.ca.gov/Publications/Report/4135

The 2020-21 Budget: Structuring the Budget

Feb 10, 2020 - While we conduct this exercise based on what we know today —and our knowledge of the world and the future is limited —it is nonetheless integral to these decisions. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/4150