The 2020-21 Budget: Overview of the California Spending Plan (Final Version)

Oct 5, 2020 - The universities are included in the state ’s contingency plan as set forth in Section 8. 28 o f the 2020 ‑21 Budget Act . If the state receives at least $ 14  b illion in additional federal relief funding by October 15, 2020, the budget allocates $ 498  m illion of this funding to CSU and $ 472  m illion to UC.
https://lao.ca.gov/Publications/Report/4263

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - Governor Has a $6   Billion Surplus to Allocate. We estimate the Governor had a $6  b illion surplus to allocate in the 2020 ‑ 21 b udget process. (The box below gives more information on how we use the term “surplus ” in the Overview of the Governor ’s Budget .)
https://lao.ca.gov/Publications/Report/4135

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Moreover, we estimate costs in other programs to be about $6  billion higher than anticipated. Starting in 2027 ‑28, we estimate structural deficits to grow to about $35  billion annually due to spending growth continuing to outstrip revenue growth.
https://lao.ca.gov/Publications/Report/5091

The 2020-21 Budget: California's Spring Fiscal Outlook

May 8, 2020 - Under our U ‑shaped scenario, the minimum guarantee is $13. 3  b illion lower than the Governor ’s January estimates over the 2018 ‑ 19 t hrough 2020 ‑ 21 b udget period. Under the L ‑shaped scenario, the guarantee is $18. 6  b illion lower.
https://lao.ca.gov/Publications/Report/4228

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

Supplemental Report of the 2020-21 Budget Act [Publication Details]

Jul 29, 2020 - Supplemental Report of the 2020-21 Budget Act [Publication Details] 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/Detail/4260

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Consistent with this recent trend, under our main forecast, we estimate tax revenues (and transfers) are higher by nearly $28 billion across 2020‑21 and 2021‑22 compared to budget act estimates. (For more information about our revenue forecast, see: 2022‑23 Fiscal Outlook Revenue Estimates. ) Higher Spending on Schools and Community Colleges by $11 Billion.
https://lao.ca.gov/Publications/Report/4472

The 2021-22 Budget: CalWORKs Fiscal Outlook

Dec 8, 2020 - Projecting forward from the latest data, we project 2020 ‑ 21 c aseload will average about 393,000, or 33  p ercent below budget act projections, for associated costs savings of about $1. 6  b illion.
https://lao.ca.gov/Publications/Report/4306

The 2019-20 Budget: Proposition 98 Outlook

Nov 14, 2018 - The increase in property tax revenue is driven primarily by our assumption that assessed property values will increase by 6  p ercent in 2019 ‑20 and about 5  p ercent per year from 2020 ‑ 21 t hrough 2022 ‑23.
https://lao.ca.gov/Publications/Report/3897

Building Reserves to Prepare for a Recession

Mar 7, 2018 - By most measures, the recession of the early 1990s was more severe than the dot ‑com bust in the early 2000s. For example, unemployment in California reached 9. 7  p ercent in mid ‑ to late ‑1992, but peaked at 6. 9  p ercent after the dot ‑com bust.
https://lao.ca.gov/Publications/Report/3769