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Results in State Budget from the current year

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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 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - Across the rest of the budget, the administration’s estimates of baseline costs—that is, the cost of the state’s services under current law and policy—are also higher than our November estimates by a couple billion of dollars.
https://lao.ca.gov/Publications/Report/5101