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

Jan 12, 2026 - That said, recent budgets have set the SFEU bet ween $3.5  billion and $4.5  billion, so the Governor ’s budget proposal to set the balance to $4.5  billion is generally in line with recent policy.
https://lao.ca.gov/Publications/Report/5101

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Rather, the issue is whether a wait-and-see approach suffices or whether this long-standing risk to California ’s finances should be incorporated into the state ’s budget assumptions from the start. Unpacking this question calls for revisiting what is driving the state ’s current revenue boom.
https://lao.ca.gov/Publications/Report/5104