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

Feb 4, 2026 - In other words, the Governor ’s proposal likely provides a larger buffer than necessary if the state ’s goal is to avoid inadvertently exceeding the guarantee in  2025 ‑26. Proposal Worsens the Challenge Posed by Future Budget Deficits.
https://lao.ca.gov/Publications/Report/5110