The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - Governor’s Budget Roughly Balanced on Higher Revenues In November, We Anticipated the State Faced an $18   Billion Deficit. In our November Fiscal Outlook report, we estimated that the state faced an $18  billion budget problem.
https://lao.ca.gov/Publications/Report/5101

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - The current discrepancy over the size of the state ’s budget deficit —$18  billion under the Legislative Analyst ’s Office estimate versus $3  billion in the Governor ’s budget —fits squarely within that pattern.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Should this occur, we advise the Legislature to treat these extra revenues as temporary for the time  being. $18 Billion Budget Problem in 2026‑27 2025 ‑26 Budget Act Anticipated Deficits Through the Multiyear.
https://lao.ca.gov/Publications/Report/5091

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

Jan 13, 2023 - We Estimate the Governor Solved an $18   Billion Budget Problem. We estimate the Governor ’s budget addressed an $18  billion budget problem. This is somewhat lower than the $22  billion budget problem the administration has referenced.
https://lao.ca.gov/Publications/Report/4662

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Operating Deficits Average $18   Billion Annually Under LAO Estimates. Figure  1 shows our office ’s projections of the state ’s budget condition compared to the administration ’s estimates. As the figure shows, both of our offices project the state will have operating deficits (budget problems) over the multiyear period.
https://lao.ca.gov/Publications/Report/4772

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - (For more information about this debt, see: The 2017‑18 Budget: The Governor’s CalPERS Borrowing Proposal and The 2018‑19 Budget: Repaying the CalPERS Borrowing Plan .) Debt Payments Must Supplement —Not Supplant —Funding for Two Years.
https://lao.ca.gov/Publications/Report/4887

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

Oct 16, 2023 - Appendix 4, Figure 7 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Resources and Environment General Fund (In Millions) Emergency surge (helitanker contract component) $45 Clean Energy Reliability Investment Plan (SB 846) 100 Diablo Canyon land use planning — Coastal resilience SB 1 implementation 55 Clean Cars 4 All and other equity (ZEV
https://lao.ca.gov/Publications/Report/4788/4

The 2023-24 Budget: Multiyear Assessment

Feb 15, 2023 - Due to a deteriorating revenue picture relative to expectations from June 2022, both our office and the administration anticipate the state faces a budget problem in 2023‑24.In particular, under our estimates, the Governor’s budget faced an $18 billion budget problem.
https://lao.ca.gov/Publications/Report/4687

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - The program provides funding to local “host partner ” agencies —including cities, universities, tribes, and community-based organizations —to hire individuals who are at least 18 years of age to serve as fellows for up to 11 months.
https://lao.ca.gov/Publications/Report/4814

The 2021-22 California Spending Plan: The State Appropriations Limit

Aug 30, 2021 - The budget defines capital outlay primarily as the “acquisition of land or other real property to be owned by the state. ” In contrast, statute defines qualified capital outlay expenditures for the purposes of the SAL as: “an appropriation for a fixed asset (including land and construction) with a useful life of 10 or more years and a value which equals or exceeds one hundred thousand dollars
https://lao.ca.gov/Publications/Report/4449