The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - First, while our revenue forecast represented an upgrade to budget act assumptions, it also incorporated the strong risk of a sto ck market downturn, which tempered the estimates. Second, we found that spending was much higher than had been anticipated in June, in large part due to the state ’s constitutional requirements eroding revenue gains.
https://lao.ca.gov/Publications/Report/5101

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Few choices will be as consequential for the state ’s medium-term fiscal outlook as whether or not to draw upon its budget reserves to close a projected deficit. On the one hand, reserves offer an expedient solution to the problem.
https://lao.ca.gov/Publications/Report/4762

Cap-and-Trade Extension: Issues for Legislative Oversight

Dec 12, 2017 - Maintaining the higher IAFs would align with the post ‑2020 direction provided by the Legislature and could reduce leakage risk for medium ‑ and low ‑risk industries. On the other hand, it also increases the risk that the state is providing more allowances to medium ‑ and low ‑risk industries than are needed to prevent leakage.
https://lao.ca.gov/Publications/Report/3719

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

Oct 2, 2018 - The program reserves separate pools of grant funding for large ‑, medium ‑, and small ‑sized applicants. Recipients must provide a local match of $2 for every $ 1 o f CTE Incentive Grant funding Begins Funding High School CTE Also Through California Community Colleges ’ (CCC) Strong Workforce Program.
https://lao.ca.gov/Publications/Report/3870/3

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - As originally designed, the program provided separate pools of funding for large –, medium –, and small –sized applicants, based on applicants ’ average daily attendance in grades 7 –12 . The 2016 –17 trailer legislation eliminates those separate funding pools.
https://lao.ca.gov/Publications/Report/3487/3