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

Feb 4, 2026 - The  largest adjustment is a $3.8  billion mandatory deposit in 2024 ‑25, driven by significantly higher capital gains revenue since June. Another notable adjustment is the Governor ’s proposal to make a $240  million discretionary deposit in 2025 ‑26.
https://lao.ca.gov/Publications/Report/5110