The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - While our revenue forecast is designed to balance the risk of over- and underestimation, history shows that actual revenues can vary from our median projection by billions or even tens of billions of dollars over a multiyear period.
https://lao.ca.gov/Publications/Report/5052

The 2026-27 Budget: Streamlining California’s Affordable Housing Funding System

Mar 6, 2026 - In reality, the amount of such bonds (and thus 4  percent tax credits) needed for HDFC projects will be dependent on several factors —some which cannot be anticipated at this time —and could vary widely.
https://lao.ca.gov/Publications/Report/5154

May Revision: LAO Economic Outlook [EconTax Blog]

May 15, 2015 - In reality, economic conditions will differ somewhat from our main scenario in the current year and every future year.   California Growth Outpacing the Nation 's. California 's economy is strong right now.
https://lao.ca.gov/LAOEconTax/Article/Detail/104

The 2022-23 Budget: State Appropriations Limit Implications

Mar 30, 2022 - However, none of these, even all together, would indefinitely forestall the long ‑term reality of the state ’s constitutional constraints. The reality is that state tax revenues are growing faster than the limit and the size of state government has reached the limit set by voters in the 1970s.
https://lao.ca.gov/Publications/Report/4583

LAO Multiyear State Budget Outlook

May 20, 2016 - In reality, the budget will be better or worse off than we estimate depending on future economic conditions and future state policy changes. Assume Current State Policies, Plus Governor ’s May Revision Proposals.
https://lao.ca.gov/Publications/Report/3472

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - Given this fiscal reality, we expect that the Legislature will need to make very difficult budget decisions in the years to come. Governor’s Proposal Proposes $200   Million and Budget Trailer Legislation to Create New ZEV Incentive Program.
https://lao.ca.gov/Publications/Report/5140

2017-18 Budget: Control Section 4.11—Position Transparency

Mar 24, 2017 - Because this assumption no longer accurately reflected reality, it was removed from the budget in 2012 through a statewide budget exercise . In another example, the Government Code used to require the State Controller’s Office (SCO) to abolish certain authorized positions in departments that were vacant for six consecutive months.
https://lao.ca.gov/Publications/Report/3633

CRIMINAL JUSTICE OVERVIEW

Public Perception and Reality of Crime Differ As indicated above, contrary to public perception, total crime is down rather than up in California. Persons are more likely to be victimized by an accident in their own homes tha n they are by crime, as the following table shows.
https://lao.ca.gov/1995/010195_calguide/cgcj1.html

^[PDF] Research also shows that California’s current

Research also shows that California’s current K–12 education finance system is the most complex in the nation but yields little benefits. Core funding is based on anachronistic formulas, neither tied to the needs of individual students nor to intended academic outcomes.
https://lao.ca.gov/reports/2026/5165/2007-Governor's_Committee_on_Education_Excellence.pdf

^[PDF] Funding Enrollment Growth at Community Colleges

• How can the ideal of open access be reconciled with the reality of finite state resources for enrollment?
https://lao.ca.gov/handouts/education/2004/CCC_Enrollment_Growth_051204.pdf