K-12 Funding by Source [EdBudget]

Oct 13, 2025 - K-12 Funding by Source [EdBudget]     a Includes $7.6 billion in 2023-24 and $405 million in 2025-26 from the Proposition 98 Reserve. b Consists primarily of state pension payments on behalf of districts, state debt service on school facility bonds, and non-Proposition 98 funding for the California State Preschool Program.
https://lao.ca.gov/Education/EdBudget/Details/1012

2025-26 Changes in Proposition 98 Spending [EdBudget]

Nov 7, 2025 - 2025-26 Changes in Proposition 98 Spending [EdBudget] $114,558 a Primarily reflects removal of 2024-25 one-time funds. b The 2025-26 budget package uses funding from the Proposition 98 reserve to cover $405 million in K-12 costs and $50 million in community college costs. c Reflects additional LCFF costs associated with serving more students in transitional kindergarten,
https://lao.ca.gov/Education/EdBudget/Details/1007

The 2026-27 Budget: Judicial Branch

Feb 11, 2026 - The 2026-27 Budget: Judicial Branch $152 2.8% Trial Courts Report $405   Million in Reserves at End of 2024 ‑25. Trial courts have a limited ability to keep and carry over any unspent funds (also known as “reserves ”) from one fiscal year to the next.
https://lao.ca.gov/Publications/Report/5113

CSU Spending Proposals Under Governor's Budget and May Revision [EdBudget]

May 13, 2023 - CSU Spending Proposals Under Governor's Budget and May Revision [EdBudget]     a The May Revision proposes to remove $655 million one-time General Fund provided or planned for student housing projects in 2021-22 through 2023-24 and instead provide funding for CSU to debt finance these projects using university bonds. b The Governor's budget proposed to remove $405 million
https://lao.ca.gov/Education/EdBudget/Details/720

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/article/Detail/852

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: California State University

Feb 7, 2023 - To reduce near ‑term spending, the Governor proposes to rescind $405  million one ‑time General Fund provided for six CSU capital projects in 2022 ‑23 and instead provide $27  million ongoing General Fund beginning in 2023 ‑24 to debt finance these projects using university bonds.
https://lao.ca.gov/Publications/Report/4671

The 2021-22 Budget: Analysis of the Governor’s CalWORKs Proposals

Feb 3, 2021 - As shown in Figure  4 , the bulk of the 2021 ‑22 funding increase is due to a projected 19  p ercent increase in caseload (from the revised 405, 000 c ases in 2020 ‑ 21 t o about 482, 000 c ases). Other cost drivers include the extension of lifetime limits to 60 m onths for adults scheduled for May 2022 (estimated to cost about $ 22  m illion in 2021 ‑22, with higher costs anticipated for future years) and the various policy proposals described below.
https://lao.ca.gov/Publications/Report/4341

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - The measure would have the following major fiscal effects: Increased state costs that would likely be in the tens of millions of dollars annually to establish and operate a new regulatory commission overseeing certain public benefit AI com panies.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033