The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - The Governor proposes to pay down $8.4  billion of this amount, with districts receiving the associated cash in 2021 ‑22. Slightly more than $4  billion would remain deferred from 2021 ‑22 to 2022 ‑23.
https://lao.ca.gov/Publications/Report/4309

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Other downturns, such as the 2001 so-called dot-com recession, had severe fiscal implications while inflicting somewhat milder economic damage. The 2008 Great Recession had brutal effects on both the state ’s economy and budget.
https://lao.ca.gov/Publications/Report/4762

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Across the budget window (2021 ‑22 through 2023 ‑24), our revenue projections are $11  billion lower than the administration ’s estimates. We discuss our economic and revenue outlook in greater detail here: The 2023‑24 Budget: May Revenue Outlook .
https://lao.ca.gov/Publications/Report/4772

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

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

Oct 5, 2020 - These two changes are estimated to reduce the inmate population by nearly 11, 000 i nmates by 2023 ‑24. The budget assumes that these changes will create $6. 4  m illion in savings in 2020 ‑21. Savings will likely increase to hundreds of millions of dollars within a few years.
https://lao.ca.gov/Publications/Report/4263

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - Relative to the baseline revenue estimates, repealing the limits on NOLs and credits one year early reduces revenues in 2021-22 a nd 2022-23 and increases revenues somewhat in later years. The budget package assumes the following changes in revenue: -$1.9  billion in 2021-22, -$3.5  billion in 2022-23, and +$170  million in 2023-24.
https://lao.ca.gov/Publications/Report/4626

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - The 2023-24 Budget: Overview of the Spending Plan (Final Version) Overview of the Spending Plan (Final Version) Appendix 4: Large One-Time and Temporary Augmentations Transportation Appendix 4, Figure 1 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Business and Labor General Fund (In millions) Begin new
https://lao.ca.gov/Publications/Report/4788/4

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - This is a net increase of $11  million (7  percent) from the revised 2023-24 level. We identify some of the major actions taken in the 2024-25 budget process below. California Consumer Financial Protection Law (CCFPL).
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - This is a net increase of $11  million (7  percent) from the revised 2023-24 level. We identify some of the major actions taken in the 2024-25 budget process below. California Consumer Financial Protection Law (CCFPL).
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - Relative to budget act estimates and consistent with lower revenue, our estimate of required General Fund spending on schools and community colleges for 2021 ‑22 through 2023 ‑24 decreases by $13  billion.
https://lao.ca.gov/Publications/Report/4646