California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - To do this, we add a stock market indicator to our forecast models alongside other the economic variables. The added risk variable weighs on the range of revenue outcomes that we view as most plausible.
https://lao.ca.gov/Publications/Report/5104

Overview of American Rescue Plan: Implications for California [Publication Details]

Mar 18, 2021 - Presented to: Assembly Subcommittee No. 6 on Budget Process, Oversight and Program Evaluation Hon. Philip Y. Ting, Chair
https://lao.ca.gov/Publications/Detail/4405

The 2018-19 Budget: Overview of the Governor's Budget

Jan 12, 2018 - Some Proposals Have Significant Out ‑Y ear Costs. While many of the infrastructure proposals in the Governor’s budget include relatively small spending amounts for 2018‑19, some would have growing and significant costs in later years.
https://lao.ca.gov/Publications/Report/3731

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091

The 2019-20 Budget: The Governor's Proposal for a New Office of Digital Innovation

Mar 22, 2019 - The proposal includes a one-time appropriation of $20  million General Fund to create an Innovation Fund that would primarily fund various efforts that ODI identifies as necessary to improve departmental business processes and service delivery models.
https://lao.ca.gov/Publications/Report/3981

Fiscal Outlook: Developmental Services

Nov 15, 2017 - The DDS budgeting process reflects these two service models by presenting estimated funding and expenditures for RCs and DCs separately. DDS receives state funding from the General Fund and federal funding primarily through Medicaid Waiver programs.
https://lao.ca.gov/Publications/Report/3717

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - San Quentin Capital Outlay Projects to Support Development of the California Model. On May 5, 2023, Governor Newsom established an advisory council to recommend changes to San Quentin State Prison in order to help develop the California Model, which is broadly focused on promoting a more rehabilitative and health ‑focused environment in California prisons.
https://lao.ca.gov/Publications/Report/4788

Federal Spending in California

Jan 18, 2017 - Similarly, the Bureau of Economic Analysis reports state-b y-state amounts for a variety of direct expenditures to individuals, including salaries and wages, Medicare spending, and other cash benefits.
https://lao.ca.gov/Publications/Report/3531/7

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - In the Department of Developmental Services (DDS), although the Legislature recently enacted a plan to support rate models developed in a 2019 study (and updated to 2021‑22 levels), under current law, providers would only receive rate adjustments based on future legislative decisions.
https://lao.ca.gov/Publications/Report/4647

Building Reserves to Prepare for a Recession

Mar 7, 2018 - By most measures, the recession of the early 1990s was more severe than the dot ‑com bust in the early 2000s. For example, unemployment in California reached 9. 7  p ercent in mid ‑ to late ‑1992, but peaked at 6. 9  p ercent after the dot ‑com bust.
https://lao.ca.gov/Publications/Report/3769