Rethinking California's Reserve Policy

Apr 10, 2025 - That person might experience annual fluctuations in their financial situation that causes them to save more or less in any given year. However, their long ‑term plan should be constructed irrespective of these annual fluctuations.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - (This improves the budget condition.) Second, these higher revenues are more than offset by more discretionary spending, which totals $4  billion in the final package, compared to $1.6  billion in the May Revision.
https://lao.ca.gov/Publications/Report/5079

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - Across the budget window (2023-24 to 2025-26), we estimate the budget condition improves by nearly $2  billion relative to the administration ’s projections. This modest improvement reflects our somewhat higher revenue estimates, partially offset by slightly higher projected spending.
https://lao.ca.gov/Publications/Report/5052

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

Jan 13, 2025 - This improves the budget ’s bottom line. School and Community College Spending Higher by $5   Billion. Reflecting these higher revenue estimates, the administration ’s estimates of constitutionally required General Fund spending on K ‑14 education is $4.7  billion higher than our November estimates.
https://lao.ca.gov/Publications/Report/4951

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - All Other Changes Improve Budget Bottom Line by $2   Billion. Across the rest of the budget, the administration estimates a net improvement of $2  billion to the General Fund bottom line. The  largest component is a $1.5  billion upward revision to the entering fund balance, primarily driven by higher ‑than ‑expected reversions of unspent funds and lower required Proposition  2 (2014) debt payments.
https://lao.ca.gov/Publications/Report/5044

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - However, proactive efforts to help improve the amount of information that is available could help the Legislature gain sufficient insight so as to determine which programs to prioritize over others. Are Programs Providing Expected Benefits?
https://lao.ca.gov/Publications/Report/4983