The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 4, 2026 - Projects Large Budget Deficits Moving Forward. The Governor ’s budget projects annual deficits exceeding $20   billion over the next three years, including an operating deficit of more than $26   billion in 2027 ‑28.
https://lao.ca.gov/Publications/Report/5110

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - As we discuss in The 2026‑27 Budget: Overview of the Governor’s Budget , both our office and the administration project multiyear budget shortfalls beginning in 2027‑28, which will require the Legislature to make difficult spending decisions next year.
https://lao.ca.gov/Publications/Report/5168

Assessing a Shift to Enrollment-Based School Funding

Jan 6, 2026 - Our  November 2025 fiscal outlook, however, projects Test 1 will likely remain operative through the end of our forecast in 2029 ‑30. This projection is mainly related to declines in births and reductions in the school ‑age population —trends that are unlikely to reverse  quickly or change in response to enrollment ‑based funding.
https://lao.ca.gov/Publications/Report/5100