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

Oct 5, 2020 - As a condition of receiving the funding, counties must show that they are in com pliance with state and federal public health requirements. Budget Provides $600   Million for Project Homekey and Related Services.
https://lao.ca.gov/Publications/Report/4263

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - The current discrepancy over the size of the state ’s budget deficit —$18  billion under the Legislative Analyst ’s Office estimate versus $3  billion in the Governor ’s budget —fits squarely within that pattern.
https://lao.ca.gov/Publications/Report/5104

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

Jan 13, 2020 - For 2020 ‑21, the administration estimates the minimum guarantee is $ 84  b illion, an increase of $2. 5  b illion ( 3  p ercent) over the revised 2019 ‑ 20 l evel. Higher property tax revenue and higher General Fund revenue each account for about half of the increase in the 2020 ‑21 guarantee.
https://lao.ca.gov/Publications/Report/4135

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

May 8, 2020 - From 2018 ‑ 19 t o 2020 ‑21, General Fund spending on K ‑ 14 e ducation would be $2. 4  b illion lower than the Governor ’s January budget level in the U ‑shaped recession and $2. 3  b illion lower in the L ‑shaped recession.
https://lao.ca.gov/Publications/Report/4228

The 2020-21 Budget: California's Fiscal Outlook

Nov 20, 2019 - We find the state has: Ongoing Surplus of $3   Billion Under Baseline Expenditure Scenario. In our baseline expenditure scenario, we find the state has an ongoing surplus of around $ 3  b illion. Importantly, this scenario assumes the federal government approves the managed care organization (MCO) tax and the state faces no major disasters over the next few years.
https://lao.ca.gov/Publications/Report/4111

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

Building Reserves to Prepare for a Recession

Mar 7, 2018 - Figure  3 shows estimates of tax revenue losses associated with each of the last three recessions: the recession of the early 1990s, the dot ‑com bust and ensuing recession in the early 2000s, and the financial crisis and Great Recession beginning in 2008.
https://lao.ca.gov/Publications/Report/3769

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Figure 3 General Fund Condition Under Fiscal Outlook (In Millions)
https://lao.ca.gov/Publications/Report/5091

The 2019-20 Budget: California Spending Plan—Debt Liabilities

Oct 17, 2019 - Special Fund Loans Throughout the 2000s, particularly in response to the dot-com bust and Great Recession, the state loaned amounts to the General Fund from other state accounts, particularly special funds to address General Fund budget problems.
https://lao.ca.gov/Publications/Report/4106

The 2019-20 Budget: California's Fiscal Outlook

Nov 14, 2018 - (As we assumed in the growth scenario, the figure assumes that the Legislature made an additional $ 2  b illion in one ‑time and $ 3  b illion in ongoing commitments.) Under these assumptions, the state would enter the recession in 2020 ‑21 with $ 25  b illion in reserves and operating deficits would grow by $ 3  b illion each year.
https://lao.ca.gov/Publications/Report/3896