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 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 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - Makes various changes related to mitigating the environmental impacts of certain types of transportation projects including a potential intercity rail project within the Interstate 15 right ‑of ‑way.
https://lao.ca.gov/Publications/Report/4814

The 2024-25 Budget: Deficit Update

Feb 20, 2024 - Specifically, our forecast is about $24 billion below the Governor’s budget across 2022‑23 to 2024‑25. All else equal, this means the budget problem is likely to be higher at the time of the May Revision.
https://lao.ca.gov/Publications/Report/4850

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - In addition, the administration estimated the state would continue to face structural deficits between $15  billion and $25  billion through  2028 ‑29. 2026 ‑27 Budget Problem Now Larger Than Anticipated.
https://lao.ca.gov/Publications/Report/5091

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - Budget Package Addressed a Nearly $15   Billion Budget Problem. We estimate the Legislature addressed a nearly $15  billion budget problem in the 2025 ‑26 budget package. This  budget problem is slightly higher than the one addressed by the Governor in the May Revision (around $14  billion), and results from two somewhat offsetting differences.
https://lao.ca.gov/Publications/Report/5079

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

May 17, 2025 - (The information presented in this brief is based on our understanding of the administration ’s proposals as of May 15, 2025. In many areas, our understanding of the proposals will continue to  evolve.)
https://lao.ca.gov/Publications/Report/5044

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

New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - New Inflation Poses Not So New Budget Risk December 15, 2022 Tweet Gabriel PetekLegislative Analyst Persistent high inflation presents federal and state policymakers with an economic problem not seen in roughly four decades.
https://lao.ca.gov/Publications/Report/4653