The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - If revenues in 2021‑22 and 2022‑23 are at the lower end of our most likely alternative outcomes, the surplus could be as low as $10 billion. If revenues are at the higher end, the surplus could be closer to $60 billion.
https://lao.ca.gov/Publications/Report/4472

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/4448/1

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - Chapter  878 of 2022 (SB  951, Durazo) increases the weekly benefit amount for the state ’s PFL and DI programs to 70  percent of recent wages for most workers and to 90  percent of recent wages for lower-income workers.
https://lao.ca.gov/Publications/Report/4626

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - These challenges would not be short-lived either. After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - Online appendices 1 and 2 (forthcoming) list all of the solutions by area. School and Community College Spending The California Constitution sets a minimum annual funding requirement for schools and community colleges —otherwise known as Proposition  98.
https://lao.ca.gov/Publications/Report/4902

The 2023-24 Budget: State Appropriations Limit Estimates

Feb 1, 2023 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/4667

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - Increases are relative to the ongoing amount provided in 2021 ‑22. c Excludes the portion of this requirement that is satisfied by funding growth and the cost ‑of ‑living adjustment in 2022 ‑23. The state could allocate the backfill for any special education purpose.
https://lao.ca.gov/Publications/Report/4473

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - Using CalPERS ’ online tool, we adjust these contribution rates based on recent investment returns, our assessment of economic conditions, and expected Proposition  2 debt repayments under our forecast.
https://lao.ca.gov/Publications/Report/4646

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

May 17, 2025 - As we discuss later in this brief, the May Revision maintains a cost ‑of ‑living adjustment (COLA) and other spending increases for schools and community colleges despite the drop in funding. Baseline Spending Higher by $12   Billion.
https://lao.ca.gov/Publications/Report/5044

New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - Inflation Risk Is Really a Revenue Risk Although high inflation often is most associated with rising prices and a higher cost of living, from a state budget perspective, the overriding worry is on the revenue side.
https://lao.ca.gov/Publications/Report/4653