The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - Budget Package Addressed a Nearly $15   Billion Budget Problem. We estimate the Legislature addressed a nearly $15  billion budget problem in the 2025 ‑26 budget package. This  budget problem is slightly higher than the one addressed by the Governor in the May Revision (around $14  billion), and results from two somewhat offsetting differences.
https://lao.ca.gov/Publications/Report/5079

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

May 17, 2024 - The 2024-25 Budget: Initial Comments on the Governor’s May Revision Initial Comments on the Governor ’s May Revision Key Takeaways We Estimate Governor Addressed a $55  Billion Budget Problem. The Governor cites a budget problem of $27  billion.
https://lao.ca.gov/Publications/Report/4902

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

May 17, 2024 - The 2024-25 Budget: Initial Comments on the Governor’s May Revision Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Report/4902/1

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

May 17, 2024 - The 2024-25 Budget: Initial Comments on the Governor’s May Revision Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Report/4902/2

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - The figure compares average annual program growth from 2025-26 to 2028-29 under two scenarios: our November Outlook (based on current law) and our May Outlook (reflecting May Revision policy choices).
https://lao.ca.gov/Publications/Report/5052

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - This post presents our office’s forecast of the condition of the state General Fund budget through 2028-29 under our revenue estimates and assuming the Governor’s May Revision policies were adopted.
https://lao.ca.gov/Publications/Report/5052/1

The 2025-26 Budget: Multiyear Budget Outlook [Publication Details]

May 24, 2025 - This post presents our office’s forecast of the condition of the state General Fund budget through 2028-29 under our revenue estimates and assuming the Governor’s May Revision policies were adopted.
https://lao.ca.gov/Publications/Detail/5052

The 2023-24 Budget: Initial Comments on the Governor's May Revision

May 15, 2023 - For example, the Governor proposes delaying: $550 million in grants for early education facilities from 2023‑24 to 2024‑25 and $550 million for broadband last‑mile project grants from 2023‑24 to future years.
https://lao.ca.gov/Publications/Report/4769

The 2022-23 Budget: Initial Comments on the Governor's May Revision

May 16, 2022 - As Figure  2 shows, the state ’s general ‑purpose reserves increased steadily after 2014 ‑15, when Proposition  2 was passed by voters. In  2019 ‑20, the state made its first withdrawal from the BSA  under the rules of Proposition  2 and the balance declined substantially.
https://lao.ca.gov/Publications/Report/4598

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - In addition, the administration estimated the state would continue to face structural deficits between $15  billion and $25  billion through  2028 ‑29. 2026 ‑27 Budget Problem Now Larger Than Anticipated.
https://lao.ca.gov/Publications/Report/5091