Overview of Major Impacts of H.R. 1 – One Big Beautiful Bill Act [Publication Details]

Aug 20, 2025 - Assembly Budget Subcommittee No. 7 on Accountability and Oversight
https://lao.ca.gov/Publications/Detail/5067

Rethinking California’s Reserve Policy (Panel 2) [Publication Details]

May 7, 2025 - Assembly Budget Subcommittee No. 7 on Accountability and Oversight
https://lao.ca.gov/Publications/Detail/5041

Reserves, Proposition 2, and the Budget Stabilization Account (Panel 1) [Publication Details]

May 7, 2025 - Assembly Budget Subcommittee No. 7 on Accountability and Oversight
https://lao.ca.gov/Publications/Detail/5040

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

Feb 20, 2026 - The Governor ’s budget also maintains a $7  billion withdrawal from the BSA in 2025-26. If a May Revision windfall exceeds the amount needed to fund the true up, we recommend the Legislature use those resources to reduce the size of this withdrawal.
https://lao.ca.gov/Publications/Report/5133

The 2024-25 Budget: Multiyear Budget Outlook

May 23, 2024 - Analysis Budget Year Budget Problem $7  Billion Higher Under LAO Revenue and Spending Estimates. Under our office ’s revenue and spending projections, and assuming the Governor ’s May Revision policies are adopted, the budget problem for this year is $7  billion larger.
https://lao.ca.gov/Publications/Report/4907

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - These choices included about $11  billion in spending ‑related solutions and $15  billion in all other solutions, including $5.5  billion in temporary revenue increases and a $7  billion withdrawal from the state ’s rainy ‑day fund .
https://lao.ca.gov/Publications/Report/4939

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

Oct 27, 2021 - Second, the spending plan includes $445. 7 m illion General Fund ($755. 7 m illion total funds) in 2021 ‑ 22 t o fund the Behavioral Health Continuum Infrastructure Program —which will provide grant funding to local entities for behavioral health facilities or mobile crisis infrastructure.
https://lao.ca.gov/Publications/Report/4448

The 2021-22 Budget: The Governor’s Suspension Proposal

Jan 29, 2021 - Under its own revenue forecast, assuming the suspensions were operative, the administration estimates operating deficits would grow from $7. 6  b illion in 2022 ‑ 23 t o $11. 3  b illion in 2024 ‑25.
https://lao.ca.gov/Publications/Report/4328

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - Specifically, our revenue estimates exceed the administration ’s estimates by $5  billion to $7  billion annually from 2026-27 to 2028-29 —differences we consider very minor given the size of the budget and uncertainty in revenue forecasting.
https://lao.ca.gov/Publications/Report/5052

The 2023-24 Budget: Multiyear Assessment

Feb 15, 2023 - Budget Problem Likely About $7   Billion Higher —Requiring Additional Solutions . If the Governor ’s May Revision revenues are lower by $10  billion, the budget problem would be about $7  billion larger, necessitating an equal amount of additional budget solutions.
https://lao.ca.gov/Publications/Report/4687