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

Rethinking California's Reserve Policy

Apr 10, 2025 - Reserves help smooth the difference —funds are saved when revenues are surging (the green regions in the figure below) and then spent when revenues decline below that long ‑term trajectory (the red regions).
https://lao.ca.gov/Publications/Report/5028

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 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - Dymally Institute — Regional K ‑16 education collaboratives — Hastings College of the Law California Institute on Law, Neuroscience, and Education — Hastings College of the Law Alternative campus safety program College savings accounts (General Fund share) — CCC Expanded Entitlement Program ‑ base awards — CCC Expanded Entitlement Program ‑ student parent supplemental
https://lao.ca.gov/Publications/Report/4448/1

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

Oct 16, 2023 - At  a high level, this legislation makes the receipt of Homeless Housing, Assistance and Prevention Program funding contingent on the creation of, and adherence to, a regionally coordinated homelessness action plan.
https://lao.ca.gov/Publications/Report/4788

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - Instead, smaller than proposed reductions were made to the Multifamily Housing Program ($10  million General Fund reduction) and the Regional Early Action Planning Program ($40  million General Fund reduction), and no reductions were made to the Housing Navigator and Maintenance Program.
https://lao.ca.gov/Publications/Report/4922

The 2021-22 Spending Plan: Other Provisions

Sep 23, 2021 - Belo,w we highlight the major provisions of the workforce package: New Regional Grants for Economic Development. The budget agreement includes $600  million one-time ARP fiscal relief funds to start a new grant program for regions to develop and implement regional plans to create jobs in sustainable industries.
https://lao.ca.gov/Publications/Report/4452

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

Nov 16, 2022 - While the formula funds the Service Coordination position at $34,032 per year, regional centers pay, on average, $67,000 for this position. Regional centers report that, as a result, they hire fewer service coordinators and those service coordinators carry average caseload ratios of rough ly 1:78 consumers —above statutory limits, which range from 1:25 to 1:66 based on several categories of consumer need.
https://lao.ca.gov/Publications/Report/4647

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - The budget also provides $174.7  million in new lease revenue bond authority for the design-build phase of the new Southern Regional Emergency Operations Center. Emergency Communications and Response.
https://lao.ca.gov/Publications/Report/4814

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