The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Figure  3 provides our estimates of the General Fund condition, including our estimate of the budget problem. The budget ’s bottom line is the accumulated change in General Fund revenues and spending across the three fiscal years in the budget window —2024 ‑25, 2025 ‑26, and 2026 ‑ 27 —and reflected in the ending balance in the Special Fund for Economic Uncertainties in  2026 ‑27.
https://lao.ca.gov/Publications/Report/5091

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

Jan 12, 2026 - As such, the administration ’s revenue estimate exceeds ours by almost $30  billion across the budget window (2024 ‑25 through 2026 ‑27). This  higher revenue assumption substantially improves the budget condition relative to our forecast and is the main driving difference between our estimates of the deficit.
https://lao.ca.gov/Publications/Report/5101

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

Jan 13, 2025 - The forthcoming Appendix 2 and 3 will also provide a complete list of the savings, spending, and tax expenditure proposals. Savings Proposals Generates $1.6 Billion School and Community College Settle‑Up Obligation in 2024‑25.
https://lao.ca.gov/Publications/Report/4951

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - In June 2024, the Legislature not only addressed the budget problem for 2024 ‑25 but also proactively adopted solutions intended to reduce the anticipated shortfall in 2025 ‑26. At the time, the June 2024 budget package included $28  billion in budget solutions for 2025 ‑26, although savings from some of these actions have since diminished.
https://lao.ca.gov/Publications/Report/5079

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

May 17, 2025 - The May Revision reduces planned base cuts from 7.95  percent, as agreed to in last year ’s budget, to 3  percent. This change increases ongoing General Fund costs by $267  million for UC and $231  million for CSU.
https://lao.ca.gov/Publications/Report/5044

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget also provides $3  million on a one-time basis in 2024-25 from various funds to support five entities —the Structural Pest Control Board. California Architects Board, Landscape Architects Technical Committee; Cemetery and Funeral Bureau;; and the Bureau of Household Goods and Services —to continue implementation and support of new IT systems to support these entities ’ regulatory activities.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget also provides $3  million on a one-time basis in 2024-25 from various funds to support five entities —the Structural Pest Control Board. California Architects Board, Landscape Architects Technical Committee; Cemetery and Funeral Bureau;; and the Bureau of Household Goods and Services —to continue implementation and support of new IT systems to support these entities ’ regulatory activities.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - CSU is to grow by 3  percent in 2025 ‑26. Although UC ’s and CSU ’s base augmentations are to cover most of the associated cost, the budget includes $31  million in 2024 ‑25 specifically for UC to replace 902 FTE nonresident undergraduate students with resident students at the Berkeley, Los Angeles, and San Diego campuses (combined).
https://lao.ca.gov/Publications/Report/4922

The 2026-27 Budget: How to Use One-Time Revenue Improvements

Feb 20, 2026 - For example, we recommend the Legislature: Do Not Suspend the $3  Billion True Up Into the Budget Stabilization Account (BSA). The Governor ’s budget proposes suspending a roughly $3  billion true-up deposit that otherwise would be required in 2025-26.
https://lao.ca.gov/Publications/Report/5133

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