The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Amid these conditions, California businesses have pared back hiring, resulting in no payroll job growth in the state so far this year. California consumers similarly are limiting spending, with sales of taxable goods flat over the last year.
https://lao.ca.gov/Publications/Report/5091

With New Deficits Looming, California Will Weigh its Options for Allocating a Large Revenue Windfall

Dec 1, 2020 - Within just a few weeks, the budget process was upended from a discussion about how to allocate a surplus into the much less welcome task of solving a large anticipated deficit problem. Moreover, the situation presented the Legislature with a difficult dilemma.
https://lao.ca.gov/Publications/Report/4305

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - A December 2017 federal law (known as the Tax Cuts and Jobs Act) established new tax benefits to encourage investment in certain economically distressed areas —called Opportunity Zones. States had discretion to identify Opportunity Zones based on federal guidance.
https://lao.ca.gov/Publications/Report/4038

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 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

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/governors-office-of-emergency-services

A Framework for Allocating Federal Recovery Funds

May 4, 2021 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/4422

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

Jan 13, 2025 - The  administration appears to share some of these concerns, noting recent job losses among high ‑wage workers and the risks posed by the inherent volatility of tax receipts tied to stock market gains.
https://lao.ca.gov/Publications/Report/4951

The 2016-17 Budget: Overview of the Governor's Budget

Jan 11, 2016 - The budget includes $200  million in new ongoing funding to implement recommendations of the Board of Governors Task Force on Workforce, Job Creation, and a Strong Economy. The new “Strong Workforce Program ” would require community colleges to collaborate with education, business, labor, and civic groups to develop regional plans for career technical education (CTE).
https://lao.ca.gov/Publications/Report/3324