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

Feb 20, 2026 - Given the recent forecasting differences between our office and the administration, there is a good chance the administration’s revenue upgrade at May Revision will be larger than our current estimate.
https://lao.ca.gov/Publications/Report/5133

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

Jan 12, 2026 - Deposits may be suspended if the Governor declares a budget emergency. However, deposits are later revised or “trued up ” to reflect updated revenue estimates in the subsequent two fiscal years. This occurs even if the initial deposit was suspended.
https://lao.ca.gov/Publications/Report/5101