The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - Meanwhile, revenue growth over the outlook window is just above 4  percent —this is lower than its historical average largely due to policy choices, namely the limitations on deductions and credits that end during the forecast window.
https://lao.ca.gov/Publications/Report/4983

Five Guidelines for Using Revenue Forecasts [EconTax Blog]

Feb 20, 2025 - When DOF ’s forecast for the budget window is within $10 billion of ours at May Revision (or $15 billion at the January budget release), decision makers should tend to view it as reasonable. Only when our forecasts differ by more than this would we suggest decision makers consider raising questions about the reasonableness of the administration ’s forecast.
https://lao.ca.gov/LAOEconTax/Article/Detail/822

Five Guidelines for Using Revenue Forecasts [EconTax Blog]

Feb 20, 2025 - When DOF ’s forecast for the budget window is within $10 billion of ours at May Revision (or $15 billion at the January budget release), decision makers should tend to view it as reasonable. Only when our forecasts differ by more than this would we suggest decision makers consider raising questions about the reasonableness of the administration ’s forecast.
https://lao.ca.gov/LAOEconTax/article/Detail/822

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - These proposals generate a total of $2.2  billion General Fund savings within the budget window. Second, the Governor ’s budget includes new discretionary proposals that use budget capacity by increasing spending or reducing revenues.
https://lao.ca.gov/Publications/Report/4951

Building California’s Behavioral Health Infrastructure: Progress Update and Opportunities for the Proposition 1 Bond

Feb 5, 2025 - The administration is working quickly to allocate the first $3.3  billion of Proposition  1 bond dollars in May 2025, leaving a brief window in which to assess program outcomes achieved with the initial $1.8  billion and consider whether any changes in program administration are merited.
https://lao.ca.gov/Publications/Report/4954