The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - This year, for example, our outlook reflects our best estimates of the effects of H.R. 1: One Big Beautiful Bill Act on the state budget but does not make assumptions about future federal policy changes.
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

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - The reason for the reduction is the recent voter approval of Proposition  35 (2024), which requires the state to spend less MCO tax money on offsetting General Fund spending and more money on provider rate increases.
https://lao.ca.gov/Publications/Report/4951

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - Second, it notably reduces how much tax revenue is used for augmentations, instead using more money to help offset General Fund spending ($3.5  billion through 2024 ‑25 and $7.7  billion through 2026 ‑27).
https://lao.ca.gov/Publications/Report/4922

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - One path is falling interest rates and expansion of money available for lending and investment. A key driver of California ’s economic slump over the last two years has been the Federal Reserve ’s efforts to tamp down inflation by raising interest rates and shrinking how much money is available for lending and investment.
https://lao.ca.gov/Publications/Report/4939

Federal Spending in California

Jan 18, 2017 - The federal government provided $55 billion in funding for Medi-Cal in fiscal year 2014-15, which makes it the largest source of federal funds to the state government. This total includes roughly $3 billion in funds for the Children ’s Health Insurance Program (CHIP), which provides healthcare coverage to children in families who earn too much money to qualify for Medi-Cal.
https://lao.ca.gov/Publications/Report/3531/4

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

Oct 17, 2019 - Altogether, as Figure  1 shows, the budget makes $11.1  billion in outstanding debts and liabilities repayments, falling into two categories: Discretionary Payments. The spending plan uses $9  billion in discretionary General Fund money (funding that could be used for any public purpose) to pay down debts and liabilities.
https://lao.ca.gov/Publications/Report/4106

The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities

Feb 5, 2019 - Depending on their job, state employees earn pension benefits under one of five state pension plans (Miscellaneous, Industrial, Safety, Peace Officer/Firefighter, and Highway Patrol) administered by the California Public Employees ’ Retirement System (CalPERS).
https://lao.ca.gov/Publications/Report/3925

The 2021-22 Budget: CalWORKs Fiscal Outlook

Dec 8, 2020 - Initial Jobless Claims Appear to Have Overstated the Extent of Job Loss. Between February and July, more than 6  m illion claims for UI were filed, while only about 2  m illion jobs were recorded as lost.
https://lao.ca.gov/Publications/Report/4306

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - Makes Cuts to the California Jobs First Program. The budget permanently reduces funding for the California Jobs First Program by $150  million and delays an additional $150  million. The program retains $50  million per year in funding for this program in 2024-25 through 2026-27.
https://lao.ca.gov/Publications/Report/4934