California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - California’s Strong Revenue Trends Mask Looming Budget Risk January 23, 2026 Tweet Gabriel PetekLegislative Analyst History suggests that fiscal risks can build during times when they are easiest to ignore.
https://lao.ca.gov/Publications/Report/5104

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - This reduction includes $9.6  billion in 2022 ‑23, $7 billion in 2023 ‑24, and $4.4 billion in 2024 ‑25. The magnitude of the downward revision in 2022 ‑23 is unprecedented for a fiscal year that is already over.
https://lao.ca.gov/Publications/Report/4819

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - Reappropriates Funding for System Integrator Costs Approved in 2022-23. The 2023-24 spending plan reappropriates $83.3  million General Fund that was appropriated in 2022-23 for system integrator costs.
https://lao.ca.gov/Publications/Report/4814

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

Rethinking California's Reserve Policy

Apr 10, 2025 - Although the state had surpluses that totaled over $100 billion across 2021‑22 and 2022‑23, Proposition 2 required only a about $10 billion to be saved over a similar period. Further, since 2023‑24, the Legislature has addressed $82 billion in budget problems (with more in deficits likely to emerge in the coming years), but at its largest, the BSA balance reached only $23 billion.
https://lao.ca.gov/Publications/Report/5028

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - This includes additional General Fund generally consistent with the 2021 ‑22 agreement to address extreme heat ($150  million in both 2022 ‑23 and 2023 ‑24) and nature ‑based climate solutions ($594  million in 2022 ‑23 and $428  million in 2023 ‑24).
https://lao.ca.gov/Publications/Report/4616

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 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - As   Figure  4 shows, we anticipate revenues will decline between 2021 ‑22 and 2022 ‑23 by more than the budget act anticipated, but then remain largely flat between 2022 ‑23 and 2024 ‑25, before growing again in the last two years of the outlook.
https://lao.ca.gov/Publications/Report/4646

The 2022-23 Budget: Medi-Cal Fiscal Outlook

Nov 17, 2021 - The 2022-23 Budget: Medi-Cal Fiscal Outlook The 2022‑23 Budget Medi ‑Cal Fiscal Outlook This post describes our fiscal outlook for Medi ‑Cal, the major factors that we expect to drive changes in General Fund spending in Medi ‑Cal, and a number of our key underlying assumptions.
https://lao.ca.gov/Publications/Report/4474

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

Sep 30, 2022 - The 2022-23 California Spending Plan: The State Appropriations Limit The 2022-23 California Spending Plan The State Appropriations Limit In the late 1970s, voters passed Proposition  4 (1979), which established appropriations limits on the state and most types of local governments.
https://lao.ca.gov/Publications/Report/4631