The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - In particular, under the constitutional rules of Proposition 2 (2014), the state would be required to deposit about $4 billion in the BSA in 2022 ‑23 and make net true up deposits of $1 billion. Although this represents an increase relative to the 2021 ‑22 enacted level, the balance of the BSA would remain below the pre ‑pandemic level of 11  percent of revenues.
https://lao.ca.gov/Publications/Report/4472

The 2023-24 Budget: State Appropriations Limit Estimates

Feb 1, 2023 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/4667

Strong Tax Collections Belie California's Challenging Fiscal Outlook

Apr 26, 2022 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/4590

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - The  largest component is a $1.5  billion upward revision to the entering fund balance, primarily driven by higher ‑than ‑expected reversions of unspent funds and lower required Proposition  2 (2014) debt payments.
https://lao.ca.gov/Publications/Report/5044

The 2021-22 Budget: Multiyear Budget Outlook

May 23, 2021 - Figure  2 summarizes the budget ’s condition assuming the Governor ’s May Revision policies were enacted, but uses the administration ’s lower revenue estimates (and revenue-driven costs, namely Proposition  98 [1988] and Proposition  2 [2014]).
https://lao.ca.gov/Publications/Report/4437

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/5104

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - Appendix Note: In the online version of this report, we include a series of Appendix tables that have detailed information on the discretionary choices in the 2022‑23 Budget Act. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/4616

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

Sep 30, 2022 - The remaining $650  million is to be allocated to community colleges for various purposes, including enhanced instructional and student support services as well as professional development for faculty teaching online classes.
https://lao.ca.gov/Publications/Report/4631

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

Jan 13, 2022 - The  Governor indicates the homelessness funding proposed in the 2022 ‑23 budget is intended to address near ‑term needs while previously funded long ‑term housing solutions come online. While this seems like a reasonable strategy, whether the short ‑term options proposed by the administration are most effective, especially in the context of what the state already has invested towards housing and homelessness infrastructure, is unclear.
https://lao.ca.gov/Publications/Report/4492

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - Using CalPERS ’ online tool, we adjust these contribution rates based on recent investment returns, our assessment of economic conditions, and expected Proposition  2 debt repayments under our forecast.
https://lao.ca.gov/Publications/Report/4646