California’s Strong Revenue Trends Mask Looming Budget Risk [Publication Details]

Jan 23, 2026 - In this installment of Fiscal Perspectives, the Legislative Analyst describes how the LAO’s revenue estimates represent a hedge against downside stock market risk and why—despite current cash trends—caution matters given the state’s large, ongoing structural deficit.
https://lao.ca.gov/Publications/Detail/5104

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - California’s Strong Revenue Trends Mask Looming Budget Risk Search In Fiscal Perspectives , the Legislative Analyst periodically offers the Legislature his views on fiscal matters facing California. California’s Strong Revenue Trends Mask Looming Budget Risk January 23, 2026 Tweet Gabriel PetekLegislative Analyst History suggests that fiscal risks can build during times when they are easiest to ignore.
https://lao.ca.gov/Publications/Report/5104

Senate Handout: Overview of ACA 20 [Publication Details]

Jun 24, 2026 - Senate Committee on Budget and Fiscal Review
https://lao.ca.gov/Publications/Detail/5192

Understanding $100 Billion in Spending Growth: Causes and Fiscal Implications

Apr 28, 2026 - Effects of the Starting Fiscal Year There Is No Perfect Starting Point. Starting our analysis in 2019 ‑20 allows us to assess the growth in the state budget prior to most of the significant budgetary effects of the COVID ‑19 pandemic.
https://lao.ca.gov/Publications/Report/5176

Overview of the Legislative Budget Plan [Publication Details]

Jun 15, 2026 - Presented to: Senate Committee on Budget and Fiscal Review
https://lao.ca.gov/Publications/Detail/5190

Revenue Volatility and California’s Reserve Policy [Publication Details]

Feb 18, 2026 - Senate Committee on Budget and Fiscal Review
https://lao.ca.gov/Publications/Detail/5125

Senate Handout: Overview of the Governor’s Budget [Publication Details]

Jan 21, 2026 - Senate Budget and Fiscal Review
https://lao.ca.gov/Publications/Detail/5103

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

Jan 12, 2026 - In this report, we provide a high ‑level summary and our initial analysis of the Governor ’s budget based on our preliminary review (as of January 10). In the coming weeks, we will analyze the plan in more detail and release many additional issue ‑specific budget analyses.
https://lao.ca.gov/Publications/Report/5101

Understanding $100 Billion in Spending Growth: Causes and Fiscal Implications [Publication Details]

Apr 28, 2026 - Understanding $100 Billion in Spending Growth: Causes and Fiscal Implications [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5176

The 2026-27 Budget: Overview of the Governor's Budget [Publication Details]

Jan 12, 2026 - On January 9, 2026, Governor Newsom’s administration presented its proposed state budget to the California Legislature. In this report, we provide a high-level summary and our initial analysis of the Governor’s budget based on our preliminary review (as of January 10). Assembly Budget Handout (PDF) Senate Budget and Fiscal Review Handout (PDF)
https://lao.ca.gov/Publications/Detail/5101