The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - Comparison to LAO November Outlook. In  our Fiscal Outlook released in November 2022, we anticipated the state would face a $24 billion budget problem, somewhat higher than the $18 billion budget problem we estimate the Governor addressed.
https://lao.ca.gov/Publications/Report/4662

The 2023-24 Budget: Proposed Budget Solutions in Transportation Programs

Feb 13, 2023 - As discussed earlier, recent economic data and our fiscal outlook suggest that the Governor ’s revenue estimates have a high likelihood of being overly optimistic. Should that prove to be the case, the Legislature will need to identify additional solutions in order to meet its constitutional requirement to pass a balanced budget.
https://lao.ca.gov/Publications/Report/4676

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - Consistent with our Fiscal Outlook forecast, the Governor ’s budget reflects a dramatic upward adjustment to revenues. Despite this, the administration ’s revenue estimates remain meaningfully below our Fiscal Outlook for 2021 ‑22.
https://lao.ca.gov/Publications/Report/4492

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - For additional discussion on revenues, see our related post The 2021‑22 Budget: May Revenue Outlook . Constitutionally Required Spending Higher by $16  Billion. The constitution requires the state to spend minimum annual amounts on schools and community colleges (under Proposition  98) and budget reserves and debt payments (under Proposition  2).
https://lao.ca.gov/Publications/Report/4432