The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - We advise the Legislature to address the budget problem through a combination of ongoing solutions —namely , achievable spending reductions and/or revenue increases. There are three reasons these actions are now critical.
https://lao.ca.gov/Publications/Report/5091

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - Overall, our assessm ent of the state’s budget condition for 2025‑26 is very similar to that of the administration’s assessment—namely, since January, when the budget was roughly balanced, a budget problem has emerged.
https://lao.ca.gov/Publications/Report/5044

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

Rethinking California's Reserve Policy

Apr 10, 2025 - Namely, volatility can jeopardize the state ’s ability to maintain a consistent level of programmatic services over time. That said, both the Legislature and voters have indicated, through various policies enacted over the last decade, that their preference is to address these risks not by reforming the revenue structure, but by building reserves.
https://lao.ca.gov/Publications/Report/5028

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget package retains the remaining OPR programs together and establishes a new name for the office. The major responsibilities maintained within this office include the Strategic Growth Council, climate resilience grant programs, and land-use planning activities.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget package retains the remaining OPR programs together and establishes a new name for the office. The major responsibilities maintained within this office include the Strategic Growth Council, climate resilience grant programs, and land-use planning activities.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2021-22 Budget: Multiyear Budget Outlook

May 23, 2021 - Figure  2 summarizes the budget ’s condition assuming the Governor ’s May Revision policies were enacted, but uses the administration ’s lower revenue estimates (and revenue-driven costs, namely Proposition  98 [1988] and Proposition  2 [2014]).
https://lao.ca.gov/Publications/Report/4437

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - In addition, the budget package includes budget trailer legislation to (1)  facilitate completion of these projects by 2025, such as by exempting them from historic building preservation requirements and (2)  change the name  of the prison to the San Quentin Rehabilitation  Center.
https://lao.ca.gov/Publications/Report/4788

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - Namely, faster growth in ongoing programs, such as in education, employee compensation, and health and human services programs, would total nearly $35  billion over the period. But this growth is offset by about $15  billion in lower spending in other areas —including in natural resources, transportation, and housing.
https://lao.ca.gov/Publications/Report/4646

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - The Disability Insurance fund —officially named the Unemployment Compensation Disability Fund —collects employee-paid payroll taxes used to pay out disability insurance and Paid Family Leave (PFL) benefits.
https://lao.ca.gov/Publications/Report/4814