The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - This Time Might Be Different, but It Is Not Safe to Bet on It. With so much enthusiasm surrounding AI, it now appears time to take seriously the notion that the stock market has become overheated. History suggests that the stock market is prone to overreact to major technological advances, even if the technology itself turns out to be revolutionary.
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 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - In recent years, the state has taken steps to expand eligibility for comprehensive Medi ‑Cal coverage to undocumented residents under the age of 26  as well as those over the age of 49. The budget package expands eligibility for comprehensive Medi ‑Cal coverage to otherwise ‑eligible undocumented residents between the ages of 26  and 49 beginning no later than January 1, 2024.
https://lao.ca.gov/Publications/Report/4616

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

Oct 2, 2018 - Currently, 49 c ounties participate in the program. Second, the spending plan provides $7. 6  m illion General Fund to increase the daily maximum voucher amount for the Homeless Assistance Program (HAP) payments from $ 65 t o $85.
https://lao.ca.gov/Publications/Report/3870/7

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - Over the last several years, and in a number of steps, the Legislature has expanded comprehensive Medi ‑Cal coverage to all income ‑eligible undocumented immigrants who are under the age of 26 or over the age of 49.
https://lao.ca.gov/Publications/Report/4492

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - These firms have invested heavily in building out data centers and on extraordinary pay packages for their key employees. This spending, along with gains to investors, has turbo-charged state income tax receipts.
https://lao.ca.gov/Publications/Report/5104

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

Oct 2, 2018 - The parole population is projected to increase slightly from about 47, 500 t o about 49, 200 p arolees by the end of 2018 ‑19. These trends are primarily due to the estimated impact of Proposition  57 (2016), which made all nonviolent offenders eligible for release consideration, expanded CDCR ’s authority to award sentencing credits to inmates, and requires that judges decide in all cases whether juveniles should be tried in adult court.
https://lao.ca.gov/Publications/Report/3870/11

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - There are three reasons for these differences (some offsetting): (1)  our revenue estimates are somewhat higher than the administration in the out ‑years, particularly in 2026 ‑27; (2)  our higher revenue estimates result in higher spending on schools and community colleges; and (3)  as noted above, our estimate of spending on all other programs is higher than the administration ’s projections over the period, reaching a difference of $10  billion by 2026 ‑27.
https://lao.ca.gov/Publications/Report/4772

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - Second, we briefly summarize the key actions taken to address projected out ‑year deficits, and describe the administration ’s June  2025 estimates of the state ’s multiyear budget condition under the enacted spending plan.
https://lao.ca.gov/Publications/Report/5079

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

Oct 2, 2018 - Other Approves a new labor agreement with the California Correctional Peace Officers Association ($192  million all funds, ongoing). Provides $90  million (one time) for 2020 Census outreach. a The budget package also includes $185  million in additional federal funds for early education programs. b Bond ‑related housing programs are shown in Figure 6.
https://lao.ca.gov/Publications/Report/3870/1