The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Meanwhile, revenue growth over the outlook window is just above 4   percent —lower than its historical average largely due to policy choices that end during the forecast window. Taken together, we view it as unlikely that revenue growth will be fast enough to catch up to ongoing spending.
https://lao.ca.gov/Publications/Report/4939

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

May 17, 2024 - We define a delay as an expenditure reduction that occurs in the budget window (2022-23 through 2024-25), but has an associated expenditure increase in a future year of the multiyear window (2025-26 through 2027-28).
https://lao.ca.gov/Publications/Report/4902

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - Meanwhile, revenue growth over the outlook window is just above 4  percent —this is lower than its historical average largely due to policy choices, namely the limitations on deductions and credits that end during the forecast window.
https://lao.ca.gov/Publications/Report/4983

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Under our estimates, the state faces operating deficits throughout the multiyear window, meaning revenues would need to come in above our projections for the budget to be balanced. While the revenues required to balance the budget are optimistic, but plausible, in the budget window, they are improbable in the out ‑years.
https://lao.ca.gov/Publications/Report/4772

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

Jan 13, 2025 - These proposals generate a total of $2.2  billion General Fund savings within the budget window. Second, the Governor ’s budget includes new discretionary proposals that use budget capacity by increasing spending or reducing revenues.
https://lao.ca.gov/Publications/Report/4951

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - We define a delay as an expenditure reduction that occurs in the budget window (2021 ‑22 through 2023 ‑24), but has an associated expenditure increase in a future year of the multiyear window (2024 ‑25 through 2026 ‑27).
https://lao.ca.gov/Publications/Report/4662

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

Jan 13, 2024 - We define a delay as an expenditure reduction that occurs in the budget window (2022 ‑23 through 2024 ‑25), but has an associated expenditure increase in a future year of the multiyear window (2025 ‑26 through 2027 ‑28).
https://lao.ca.gov/Publications/Report/4825

The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - Purchases that improve an asset can include, for example, heat and cooling systems, lighting, windows and window treatments, and elevators and lifts. Similarly, maintenance of assets, like the labor costs for making repairs, also can be excluded as long as the underlying asset meets the criteria above.
https://lao.ca.gov/Publications/Report/4547

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

May 16, 2022 - (The nearby box also describes the Governor ’s changes to the SAL calculation in the May Revision, which result in slightly lower SAL requirements across the  budget  window.) Governor’s Proposed Administrative and Statutory Changes to the SAL Calculation The Governor proposes two changes to the state appropriations limit (SAL) calculation, which both lower requirements across the budget window.
https://lao.ca.gov/Publications/Report/4598

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

May 15, 2023 - The  administration ’s baseline revenue estimates (that is, excluding constitutionally required reserve deposits and policy choices) are lower by $8.4  billion across the three ‑year budget window compared to January estimates.
https://lao.ca.gov/Publications/Report/4769