The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - As shown in Figure  1 , many signs of an overly exuberant stock market are present today: measures of whether stocks are “expensive ” are at historically high levels, investors are borrowing more to buy stocks, and households are more invested in the stock market than they have been in at least 70  years.
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

Fiscal Outlook Addendum: CalPERS

Nov 18, 2015 - By rejecting the faster shift to a 6.5 percent discount rate, the CalPERS action mitigates some of the near-term budget risk for retirement funding we discuss in today 's Fiscal Outlook . As we state in the Fiscal Outlook (p. 44 of the pdf version), the plan adopted today by the CalPERS board "would not necessarily increase costs above our assumptions between now and 2019-20 " because it changes the system 's discount rates so gradually.
https://lao.ca.gov/Publications/Report/3308

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

Jan 13, 2024 - While not all of these amounts represent lower state spending over the long term, they do result in savings today at a cost in the future. As a result, we count them as spending‑related solutions. We estimate the proposed budget includes about $3 billion in reversions.
https://lao.ca.gov/Publications/Report/4825

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

Oct 2, 2018 - Participating counties and tribes are required to provide a dollar ‑for ‑dollar match to receive state funds. Budget ‑related legislation also requires an independent evaluation of the impacts of the program.
https://lao.ca.gov/Publications/Report/3870/7

An Extraordinary Moment in California's Fiscal History

Apr 11, 2019 - Because the MCO tax package leverages federal Medicaid matching funds, the Governor ’s nonproposal in this area has the effect of leaving money on the table. Therefore, we think the Legislature should strongly consider extending the MCO tax package even in the absence of a proposal to do so from the Governor.
https://lao.ca.gov/Publications/Report/4003

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Chapter  524 of 2013 (AB  60, Alejo) requires the DMV to accept driver license applications from persons who are unable to submit satisfactory proof of legal presence in the U.S., provided they meet all other application requirements and provide proof of identity and California residency.
https://lao.ca.gov/Publications/Report/3694/10

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

Oct 2, 2018 - With the $21. 4   m illion, CDE is to contract with a vendor, who in turn is to convert the assessment from pencil and paper to computer based. Provides $5.9   Million to Develop Alternative ELPAC for Students With Disabilities.
https://lao.ca.gov/Publications/Report/3870/3

The 2024-25 Budget: Multiyear Budget Outlook

May 23, 2024 - By pulling back substantially on one-time and temporary spending, as well as making some ongoing reductions, the Governor ’s May Revision shrinks the state ’s projected deficits from around $30  billion (our December 2023 estimates) to an average of less than $10  billion (our estimates today).
https://lao.ca.gov/Publications/Report/4907

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Under this program, state funding will be awarded to counties that provide county matching funds to establish or expand programs that help homeless individuals with disabilities apply for disability benefit programs, including SSI/SSP.
https://lao.ca.gov/Publications/Report/3487/7