The 2026-27 Budget: Re-Envisioning State Education Governance

Mar 18, 2026 - It warned that conflict and inefficiency were unavoidable because the two entities had overlapping responsibilities for governing the public school system. It specifically criticized the system for tasking the SPI with administering policies set by other entities with different policy goals.
https://lao.ca.gov/Publications/Report/5165

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

Jan 13, 2025 - Instead, the gains appear largely tied to the booming stock market, a situation which can change rapidly and without warning. The  administration appears to share some of these concerns, noting recent job losses among high ‑wage workers and the risks posed by the inherent volatility of tax receipts tied to stock market gains.
https://lao.ca.gov/Publications/Report/4951