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

Jan 13, 2025 - Some of the largest spending augmentations proposed include: (1) $60  million to provide additional grants under the Cal Competes program; (2)  the intent to partially restore an ongoing reduction to the trial courts, which, if enacted, would cost $42  million ongoing; and (3)  the Governor ’s proposed expansion to College Corps, which would cost $5  million in 2025 ‑26, but grow to $84  million  ongoing.
https://lao.ca.gov/Publications/Report/4951

Rethinking California's Reserve Policy

Apr 10, 2025 - In the 1950s, the state had significant reserves and surpluses (the amounts in Figure  3 are additive, so in the 1949 ‑50 budget, reserves and surpluses represented 42  percent of revenues). In the late 1970s, the state had sizeable surpluses, but no reserves on hand.
https://lao.ca.gov/Publications/Report/5028