The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Operating Surplus of $5 Billion in 2022 ‑23. In addition to the factors described above, which are revisions to the 2021 ‑22 Budget Act , our outlook anticipates the state will have an additional $5.2 billion operating surplus in 2022 ‑23.
https://lao.ca.gov/Publications/Report/4472

The 2022-23 Budget: California’s Fiscal Outlook [Publication Details]

Nov 17, 2021 - The 2022-23 Budget: California’s Fiscal Outlook [Publication Details] The 2022-23 Budget: California’s Fiscal Outlook Format: HTML Description: Our annual Fiscal Outlook publication gives our office’s independent assessment of the California state budget condition for the upcoming fiscal year and over the longer term.
https://lao.ca.gov/Publications/Detail/4472

Rethinking California's Reserve Policy

Apr 10, 2025 - After allocating surpluses totaling over $100  billion across 2021 ‑22 and 2022 ‑23, the Legislature has addressed cumulative budget problems of $82  billion in the years since. Budget problems are also likely to persist for the foreseeable future.
https://lao.ca.gov/Publications/Report/5028

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - This reduction includes $9.6  billion in 2022 ‑23, $7 billion in 2023 ‑24, and $4.4 billion in 2024 ‑25. The magnitude of the downward revision in 2022 ‑23 is unprecedented for a fiscal year that is already over.
https://lao.ca.gov/Publications/Report/4819

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - Reappropriates Funding for System Integrator Costs Approved in 2022-23. The 2023-24 spending plan reappropriates $83.3  million General Fund that was appropriated in 2022-23 for system integrator costs.
https://lao.ca.gov/Publications/Report/4814

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Similarly, the number of Californians who are unemployed is 25  percent higher than during the strong labor markets of 2019 and 2022. Consumer spending (measured by inflation ‑adjusted retail sales and taxable sales) has continued to decline throughout  2024.
https://lao.ca.gov/Publications/Report/4939

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

Oct 16, 2023 - Appendix 4, Figure 8 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Transportation General Fund (In Millions)
https://lao.ca.gov/Publications/Report/4788/4

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

May 17, 2024 - We define a delay as an expenditure reduction that occurs in the budget window (2022-23 through 2024-25), but has an associated expenditure increase in a future year of the multiyear window (2025-26 through 2027-28).
https://lao.ca.gov/Publications/Report/4902

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - The 2022-23 California Spending Plan: Other Provisions $55 million in 2022 ‑23, $60 million for next two years Expand Apprenticeship Programs for youth $20 million in 2022 ‑23, $25 million for next two years New Women in Construction Unit $15 million ongoing Extended Existing COVID-19 Sick Leave Until End of 2022.
https://lao.ca.gov/Publications/Report/4626

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - This includes additional General Fund generally consistent with the 2021 ‑22 agreement to address extreme heat ($150  million in both 2022 ‑23 and 2023 ‑24) and nature ‑based climate solutions ($594  million in 2022 ‑23 and $428  million in 2023 ‑24).
https://lao.ca.gov/Publications/Report/4616