The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Accordingly, the state annually makes supplemental pension payments from the General Fund towards the state ’s pension unfunded liabilities. Proposition 2 Proposition   2 Contains Annual Debt Payment Requirement.
https://lao.ca.gov/Publications/Report/4887

The 2026-27 Budget: Initial Comments on the Governor's May Revision

May 18, 2026 - In this report, we provide a summary of and comments on this revised budget, focusing on the overall condition of the state General Fund. Update (5/21/26): Upon further review and receipt of additional information from the administration, we estimate the amount of discretionary spending in the May Revision is $1.1 billion, rather than $1.3 billion.
https://lao.ca.gov/Publications/Report/5187/3

The 2026-27 Budget: Initial Comments on the Governor's May Revision

May 18, 2026 - In this report, we provide a summary of and comments on this revised budget, focusing on the overall condition of the state General Fund. Update (5/21/26): Upon further review and receipt of additional information from the administration, we estimate the amount of discretionary spending in the May Revision is $1.1 billion, rather than $1.3 billion.
https://lao.ca.gov/Publications/Report/5187

The 2026-27 Budget: Initial Comments on the Governor's May Revision [Publication Details]

May 18, 2026 - In this report, we provide a summary of and comments on this revised budget, focusing on the overall condition of the state General Fund. Update (5/21/26): Upon further review and receipt of additional information from the administration, we estimate the amount of discretionary spending in the May Revision is $1.1 billion, rather than $1.3 billion.
https://lao.ca.gov/Publications/Detail/5187

The 2026-27 Budget: Initial Comments on the Governor's May Revision

May 18, 2026 - In this report, we provide a summary of and comments on this revised budget, focusing on the overall condition of the state General Fund. Update (5/21/26): Upon further review and receipt of additional information from the administration, we estimate the amount of discretionary spending in the May Revision is $1.1 billion, rather than $1.3 billion.
https://lao.ca.gov/Publications/Report/5187/1

The 2026-27 Budget: Initial Comments on the Governor's May Revision

May 18, 2026 - The 2026-27 Budget: Initial Comments on the Governor's May Revision Initial Comments on the Governor's May Revision Appendix 2: General Fund Spending Solutions in the 2026-27 May Revision General Fund Spending Solutions (Fund Shifts) Proposed in the 2026 ‑27 May Revision (In Millions) Ongoing shift to special funds — Ongoing shift to special funds — Behavioral Health Services Fund
https://lao.ca.gov/Publications/Report/5187/2

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

Jan 13, 2024 - For example, major categories of cost shifts in the Governor’s budget include proposals to: defer one month of state employee payroll from June to July, which results in $1.6 billion in one‑time savings; redirect a $1.3 billion supplemental pension payment made under the requirements of Proposition 2 for actuarially required contributions to the California Public Employee Retirement System, and $1.2 billion in special fund loans.
https://lao.ca.gov/Publications/Report/4825

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - (We treat funding increases for core operations, including pensions and other employee benefits, as maintaining current service levels rather than discretionary spending.) Additional Funding Increases for Undergraduate Enrollment Growth.  
https://lao.ca.gov/Publications/Report/4616

The 2019-20 Budget: California Spending Plan—Debt Liabilities

Oct 17, 2019 - Pensions. Between the two pension systems, the state ’s pension unfunded liabilities are estimated to total $93.1  billion ($59.7  billion at CalPERS for state employee pensions and $33.4  billion at CalSTRS for teachers ’ pensions).
https://lao.ca.gov/Publications/Report/4106

The 2026-27 Budget: Overview of the Governor's Budget [Publication Details]

Jan 12, 2026 - On January 9, 2026, Governor Newsom’s administration presented its proposed state budget to the California Legislature. In this report, we provide a high-level summary and our initial analysis of the Governor’s budget based on our preliminary review (as of January 10). Assembly Budget Handout (PDF) Senate Budget and Fiscal Review Handout (PDF)
https://lao.ca.gov/Publications/Detail/5101