The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - As shown in Figure  1 , many signs of an overly exuberant stock market are present today: measures of whether stocks are “expensive ” are at historically high levels, investors are borrowing more to buy stocks, and households are more invested in the stock market than they have been in at least 70  years.
https://lao.ca.gov/Publications/Report/5091

Cal Facts: 2016

Dec 5, 2016 - Cal Facts: 2016 Other Programs W ith a state as big, as populous, and as complex as California, it would be impossible to quickly summarize how its economy or state budget works. The purpose of Cal Facts is more modest.
https://lao.ca.gov/Publications/Report/3511

Fiscal Outlook: In-Home Supportive Services (IHSS)

Nov 14, 2018 - Taking into account historical trends, w e assume that overall IHSS caseload will increase by 5.8  percent annually and hours per case will increase by 2.5  percent annually through 2022 ‑23. Rising Statewide Minimum Wage Increases Hourly Cost of Care.
https://lao.ca.gov/Publications/Report/3899

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

Oct 2, 2018 - The Chafee Education and Training Vouchers Program provides grants of up to $5,000 a year for individuals who ( 1)  w ere in foster care at some point between the ages of 16 and 18, ( 2)  a re less than 22 years old as of July 1st of the award year, ( 3)  h ave a financial need, and ( 4)  a re attending qualifying career and technical training or college.
https://lao.ca.gov/Publications/Report/3870/7

The 2019-20 Budget: Proposition 98 Outlook

Nov 14, 2018 - Inflation ‑adjusted teacher/faculty compensation for both school districts and colleges also is higher today compared to 2007 ‑08 (the pre ‑recession level). Pension Rates and Costs Have Been Growing.
https://lao.ca.gov/Publications/Report/3897

Fiscal Outlook Addendum: CalPERS

Nov 18, 2015 - By rejecting the faster shift to a 6.5 percent discount rate, the CalPERS action mitigates some of the near-term budget risk for retirement funding we discuss in today 's Fiscal Outlook . As we state in the Fiscal Outlook (p. 44 of the pdf version), the plan adopted today by the CalPERS board "would not necessarily increase costs above our assumptions between now and 2019-20 " because it changes the system 's discount rates so gradually.
https://lao.ca.gov/Publications/Report/3308

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - While not all of these amounts represent lower state spending over the long term, they do result in savings today at a cost in the future. As a result, we count them as spending‑related solutions. We estimate the proposed budget includes about $3 billion in reversions.
https://lao.ca.gov/Publications/Report/4825

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

An Extraordinary Moment in California's Fiscal History

Apr 11, 2019 - Because the MCO tax package leverages federal Medicaid matching funds, the Governor ’s nonproposal in this area has the effect of leaving money on the table. Therefore, we think the Legislature should strongly consider extending the MCO tax package even in the absence of a proposal to do so from the Governor.
https://lao.ca.gov/Publications/Report/4003