The 2026-27 Budget: How to Use One-Time Revenue Improvements

Feb 20, 2026 - Recommend Using Windfall to Reduce Reliance on Reserves and Borrowing. Accordingly, if windfall resources are available at the May Revision, we recommend the Legislature use them to reduce the reliance on the use of reserves and borrowing in the current year.
https://lao.ca.gov/Publications/Report/5133