The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - Revenues for prior and current years are up a total of $6  billion, primarily reflecting stronger ‑than ‑expect personal income tax collections which are running $4  billion ahead of prior projections as of April.
https://lao.ca.gov/Publications/Report/5044

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - Specifically, our November forecasted spending growth is about 6  percent over the multiyear period (2026-27 thought 2028-29) —a growth rate that is high by historical outlook standards and slightly above what we consider to be long-term revenue growth.
https://lao.ca.gov/Publications/Report/4983

Rethinking California's Reserve Policy

Apr 10, 2025 - Figure  6 shows a measure of state revenue volatility put together by researchers at the Pew Charitable Trusts using 15 years of revenue collection data. According to this measure, California has one of the most volatile tax revenue systems in the country, ranking fifth out of 50 states.
https://lao.ca.gov/Publications/Report/5028

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget reverts $6  million from 2021-22 related to financing for wildfire and forest resilience projects. Reverts Funds From the Small Agricultural Business Drought Relief Grant Program. The budget reverts $5  million from the Small Agricultural Business Drought Relief Grant Program, which provides relief to small agricultural businesses that suffer a decline in revenues or profits due to drought/flood conditions.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget reverts $6  million from 2021-22 related to financing for wildfire and forest resilience projects. Reverts Funds From the Small Agricultural Business Drought Relief Grant Program. The budget reverts $5  million from the Small Agricultural Business Drought Relief Grant Program, which provides relief to small agricultural businesses that suffer a decline in revenues or profits due to drought/flood conditions.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Across all programs in this agency (including, for example, Medi ‑Cal, In ‑Home Supportive Services, developmental services, and child care), our estimates are $6  billion higher than the administration ’s projection by 2026 ‑27.
https://lao.ca.gov/Publications/Report/4772

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - Across the rest of the budget, we also count about $6  billion in other budget actions as solutions that the administration counts as baseline changes. This includes, for example, $1.6  billion in spending delays for competitive transit grant funds, a sweep of nearly $600  million in unawarded General Child Care slots, and a change in the distribution of funds in the school facilities program that delays nearly $700  million in spending until after 2024-25.
https://lao.ca.gov/Publications/Report/4902

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

Oct 16, 2023 - Appendix 4, Figure 6 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Public Safety General Fund (In millions) Organized Retail, Motor Vehicle, and Cargo Theft Prevention Grants (Public Safety Package) $85 Augmentation to California Violence Intervention and Prevention Program 66 Note: Includes augmentations above $50 million BSCC = Board of State and Community Corrections.
https://lao.ca.gov/Publications/Report/4788/4

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

Jan 13, 2024 - We estimate the Governor’s budget includes $6 billion in fund shifts. This includes: using nearly $4 billion in revenue from the managed care organization tax to offset General Fund costs in Medi‑Cal and shifting $1.8 billion in costs for multiple programs from the General Fund to the Greenhouse Gas Reduction Fund.
https://lao.ca.gov/Publications/Report/4825

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - (The full implementation costs of these ongoing proposals grow to $6. 6 b illion by 2025 ‑26.) Additionally, the budget includes hundreds of millions of dollars for continued temporary assistance related to the COVID ‑ 19 p andemic response and support in child welfare, In ‑Home Supportive Services (IHSS), and CalWORKs.
https://lao.ca.gov/Publications/Report/4448