The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - The spending plan includes two types of these loans: $550  million in loans allocated to specific funds ($150  million from the Unfair Competition Law Fund and $400  million from the Labor and Workforce Development Fund) and $1.5  billion in unallocated special fund loans, authorized through Control Section 13.40.
https://lao.ca.gov/Publications/Report/5079

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - In addition, the Governor ’s budget includes $13  billion in reserve withdrawals, which represent nearly one ‑quarter of the total; $4  billion in cost shifts; and about $400  million in revenue ‑related solutions.
https://lao.ca.gov/Publications/Report/4825

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - Specifically, the budget cuts $400   million from the Active Transportation Program, $200   million planned for grade separation projects, and $75   million from the Highways ‑to ‑Boulevards Pilot Program.
https://lao.ca.gov/Publications/Report/4922

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

Jan 12, 2026 - Some of the largest spending augmentations proposed for the budget window include: (1) $76 million for utility replacement and site improvements at Exposition Park, (2) $67 million to the California Department of Forestry and Fire Protection for fixed‑wing aircraft pilot and mechanics contract increases, (3) $60 million to the Department of Health Care Access and Information for a reproductive
https://lao.ca.gov/Publications/Report/5101

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - Figure 4 State ’s New Borrowing to Balance the Budget (In Billions)
https://lao.ca.gov/Publications/Report/5052

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

May 17, 2025 - Revenues for prior and current years are up a total of $6  billion, primarily reflecting stronger ‑than ‑expect personal income tax collections which are running $4  billion ahead of prior projections as of April.
https://lao.ca.gov/Publications/Report/5044

Rethinking California's Reserve Policy

Apr 10, 2025 - Proposition   4 (1979) Required California Governments to Establish Reserve Accounts. Partially motivated by the budget surpluses of the late 1970s (but not reserves, as the state had none), voters passed Proposition  4 in November of 1979.
https://lao.ca.gov/Publications/Report/5028

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

Jan 13, 2025 - The proposal would then provide a like amount of funding from Proposition  4, the climate bond approved by voters in November 2024. This  would result in maintaining prior funding levels for these activities but would preclude this amount of Proposition  4 funds from supporting expanded service levels or additional projects.
https://lao.ca.gov/Publications/Report/4951

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - Meanwhile, revenue growth over the outlook window is just above 4  percent —this is lower than its historical average largely due to policy choices, namely the limitations on deductions and credits that end during the forecast window.
https://lao.ca.gov/Publications/Report/4983

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - The 2024-25 Budget: Overview of the Spending Plan Update (9/11/24): Managed care organization tax increase corrected in Appendix 1 (Figure 4) and Appendix 2 (Figure 1). Update (10/2/24): Figure 8 has been updated for final actions.
https://lao.ca.gov/Publications/Report/4922/3