The 2021-22 California Spending Plan: The State Appropriations Limit

Aug 30, 2021 - In addition, Chapter  77 of 2021 (AB  137, Committee on Budget) prevents local governments from exceeding their appropriations limit as a result of state subventions. Counting realignment revenues toward local limits generally is consistent with an option outlined in our aforementioned SAL report.
https://lao.ca.gov/Publications/Report/4449

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - This consists of (1) $77  million (increasing to $132  million) from the planned deactivation of Chuckawalla Valley State Prison in Blythe, (2) $82  million from the deactivation of 42  housing units across 11 state prisons, and (3)  $10  million (increasing to $11  million) related to reduced administrative costs resulting from these and previous
https://lao.ca.gov/Publications/Report/4922

The 2022-23 California Spending Plan: The State Appropriations Limit

Sep 30, 2022 - In addition, Chapter  77 of 2021 (AB  137, Committee on Budget) prevented local governments from exceeding their appropriations limit as a result of state subventions. This Year ’s Budget Expanded the Definition of Subvention for SAL-Related Purposes.
https://lao.ca.gov/Publications/Report/4631

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - This includes $3.1  billion from various funds across 2021 ‑22 and 2022 ‑23, such as $1.5  billion from Proposition  98 General Fund for zero ‑emission school buses, $804  million from the General Fund for various activities including ZEV fueling infrastructure grants, $600  million from GGRF for heavy ‑duty vehicle incentives, and $77  million in federal funds for ZEV  fueling  infrastructure.
https://lao.ca.gov/Publications/Report/4616

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

Feb 20, 2026 - For example, we recommend the Legislature: Do Not Suspend the $3  Billion True Up Into the Budget Stabilization Account (BSA). The Governor ’s budget proposes suspending a roughly $3  billion true-up deposit that otherwise would be required in 2025-26.
https://lao.ca.gov/Publications/Report/5133

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: Overview of the Governor's Budget

Jan 12, 2026 - The administration projects the budget faces a roughly $3  billion deficit. This is lower than our November Fiscal Outlook estimate of an $18  billion deficit, for two offsetting reasons. First, and most importantly, the administration ’s revenue estimate is considerably higher than ours because it does not incorporate the strong risk of a stock market downturn.
https://lao.ca.gov/Publications/Report/5101

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Figure 3 General Fund Condition Under Fiscal Outlook (In Millions)
https://lao.ca.gov/Publications/Report/5091

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - Figure  3 provides a broader perspective on changes in long-term spending across major programs —largely reflecting the May Revision ’s ongoing solutions. (However, the figure also captures the effects of updated assumptions and estimates.)
https://lao.ca.gov/Publications/Report/5052

Rethinking California's Reserve Policy

Apr 10, 2025 - Throughout this period, as shown on the right side of Figure  3, the SFEU balance was generally enacted around 1  percent to 3  percent of revenues —very small compared to the reserves and surpluses of the decades before.
https://lao.ca.gov/Publications/Report/5028