California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

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
https://lao.ca.gov/Publications/Report/4788/4

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - The budget package also includes $94 million in one‑time General Fund for flood prevention activities, $65 million in one‑time GGRF for projects at the Salton Sea, and roughly $45 million in ongoing General Fund to make recent temporary expansions of CalFire hand crews permanent.
https://lao.ca.gov/Publications/Report/4922

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - Chapter 45 of 2023 (AB 127, Committee on Budget) also requires CDT to update the middle-mile network map on its website within 60 days of any contract to build or lease middle-mile broadband infrastructure.
https://lao.ca.gov/Publications/Report/4814

Strong Tax Collections Belie California's Challenging Fiscal Outlook

Apr 26, 2022 - Based on our scenario analyses, if revenues exceed median expected growth, SAL requirements very plausibly could reach $20  billion to $45  billion by 2025-26. Counterintuitively, therefore, each additional dollar of revenue above the limit worsens the state ’s budget outlook.
https://lao.ca.gov/Publications/Report/4590

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - California Department of Food and Agriculture The budget provides $638  million from various fund sources to support the California Department of Food and Agriculture (CDFA) in 2024-25, which represents a decrease of $517  million (45  percent) when compared to the revised 2023-24 expenditure level.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - California Department of Food and Agriculture The budget provides $638  million from various fund sources to support the California Department of Food and Agriculture (CDFA) in 2024-25, which represents a decrease of $517  million (45  percent) when compared to the revised 2023-24 expenditure level.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - Chapter 45 of 2022 (AB 178, Ting) includes budget bill language that requires a 45-day written notification period for the Joint Legislative Budget Committee once the project is approved through CDT’s PAL process.
https://lao.ca.gov/Publications/Report/4626

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Other downturns, such as the 2001 so-called dot-com recession, had severe fiscal implications while inflicting somewhat milder economic damage. The 2008 Great Recession had brutal effects on both the state ’s economy and budget.
https://lao.ca.gov/Publications/Report/4762