The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - Governor’s Budget Roughly Balanced on Higher Revenues In November, We Anticipated the State Faced an $18   Billion Deficit. In our November Fiscal Outlook report, we estimated that the state faced an $18  billion budget problem.
https://lao.ca.gov/Publications/Report/5101

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - The current discrepancy over the size of the state ’s budget deficit —$18  billion under the Legislative Analyst ’s Office estimate versus $3  billion in the Governor ’s budget —fits squarely within that pattern.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Should this occur, we advise the Legislature to treat these extra revenues as temporary for the time  being. $18 Billion Budget Problem in 2026‑27 2025 ‑26 Budget Act Anticipated Deficits Through the Multiyear.
https://lao.ca.gov/Publications/Report/5091

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - We Estimate the Governor Solved an $18   Billion Budget Problem. We estimate the Governor ’s budget addressed an $18  billion budget problem. This is somewhat lower than the $22  billion budget problem the administration has referenced.
https://lao.ca.gov/Publications/Report/4662

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Operating Deficits Average $18   Billion Annually Under LAO Estimates. Figure  1 shows our office ’s projections of the state ’s budget condition compared to the administration ’s estimates. As the figure shows, both of our offices project the state will have operating deficits (budget problems) over the multiyear period.
https://lao.ca.gov/Publications/Report/4772

The State Appropriations Limit

Apr 21, 2021 - For example, the Governor declared a state of emergency related to the Camp wildfire on November 8, 2018, and related to the LNU Lightning Complex and other wildfires burning statewide on August  18, 2020.
https://lao.ca.gov/Publications/Report/4416

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - (For more information about this debt, see: The 2017‑18 Budget: The Governor’s CalPERS Borrowing Proposal and The 2018‑19 Budget: Repaying the CalPERS Borrowing Plan .) Debt Payments Must Supplement —Not Supplant —Funding for Two Years.
https://lao.ca.gov/Publications/Report/4887

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

Oct 16, 2023 - Appendix 4, Figure 7 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Resources and Environment General Fund (In Millions) Emergency surge (helitanker contract component) $45 Clean Energy Reliability Investment Plan (SB 846) 100 Diablo Canyon land use planning — Coastal resilience SB 1 implementation 55 Clean Cars 4 All and other equity (ZEV
https://lao.ca.gov/Publications/Report/4788/4

The 2023-24 Budget: Multiyear Assessment

Feb 15, 2023 - Due to a deteriorating revenue picture relative to expectations from June 2022, both our office and the administration anticipate the state faces a budget problem in 2023‑24.In particular, under our estimates, the Governor’s budget faced an $18 billion budget problem.
https://lao.ca.gov/Publications/Report/4687

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - As  a  result, we  can say that the “real ” value of the state ’s dollar h as declined 10 percent. Lowers Quantity of Services. One of the most common impacts of elevated inflation for spending programs is a reduction in the quantity of state services provided.
https://lao.ca.gov/Publications/Report/4647