Rethinking California's Reserve Policy

Apr 10, 2025 - The increase could be phased in over time: 20  percent to take effect immediately after the next statewide election, 25  percent in 2030, and increasing by 5  percent every five years until the cap reaches a maximum of 50  percent in 2055.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - School and Community College Spending Higher by $5   Billion. Reflecting these higher revenue estimates, the administration ’s estimates of constitutionally required General Fund spending on K ‑14 education is $4.7  billion higher than our November estimates.
https://lao.ca.gov/Publications/Report/4951

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - We estimate the May Revision includes $5  billion in fund shifts. This primarily includes General Fund costs that have been shifted to the Greenhouse Gas Reduction Fund, federal funds, and other special funds.
https://lao.ca.gov/Publications/Report/4902

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget reverts $5  million from the Small Agricultural Business Drought Relief Grant Program, which provides relief to small agricultural businesses that suffer a decline in revenues or profits due to drought/flood conditions.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget reverts $5  million from the Small Agricultural Business Drought Relief Grant Program, which provides relief to small agricultural businesses that suffer a decline in revenues or profits due to drought/flood conditions.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2024-25 Budget: Multiyear Budget Outlook

May 23, 2024 - Specifically, our estimates of spending (excluding spending on schools and community colleges) are about $5  billion lower in 2025 ‑26, $4  billion lower in 2026 ‑27, and $3  billion lower in 2027 ‑28.
https://lao.ca.gov/Publications/Report/4907

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - The budget plan increases base General Fund support for the University of California (UC) and the California State University (CSU) by a total of $468 million (approximately 5 percent) in 2024‑25. The universities may use these base augmentations for any operating cost, including increases in employee salaries and benefits.
https://lao.ca.gov/Publications/Report/4922

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

Oct 16, 2023 - Appendix 4, Figure 5 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Other General Fund (In millions) Broadband infrastructure —last ‑mile projects $253 Broadband infrastructure —Broadband Loan Loss Reserve Fund 175 Establish new office of public outreach 65 Note: Includes augmentations above $50 million CPUC = California Public Utilities Commission and OPR = Office of Planning and Research.
https://lao.ca.gov/Publications/Report/4788/4

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - As a result, proposed spending is higher by $5  billion in 2025 ‑26, nearly $2  billion in 2026 ‑27, and roughly $1  billion in 2027 ‑28. Given our and the administration ’s forecasts of the budget condition in future years, the state likely cannot afford this spending.
https://lao.ca.gov/Publications/Report/4825

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

Oct 16, 2023 - The 2023 ‑24 budget includes a total of $443  million to provide 5  percent unrestricted General Fund base augmentations to the University of California (UC) and the California State University (CSU).
https://lao.ca.gov/Publications/Report/4788