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

Jan 12, 2026 - Constitutionally required spending is higher under the administration ’s estimates by about $13  billion across the budget window. This  increases the administration ’s estimate of the deficit relative to our forecast, partially offsetting some of the revenue improvement.
https://lao.ca.gov/Publications/Report/5101

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - At the time of the 2025 ‑26 Budget Act , the administration anticipated the state would face an almost $13  billion budget problem in 2026 ‑27. In addition, the administration estimated the state would continue to face structural deficits between $15  billion and $25  billion through  2028 ‑29. 2026 ‑27 Budget Problem Now Larger Than Anticipated.
https://lao.ca.gov/Publications/Report/5091

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

Oct 16, 2023 - The 2023-24 Budget: Overview of the Spending Plan (Final Version) Overview of the Spending Plan (Final Version) Appendix 4: Large One-Time and Temporary Augmentations Transportation Appendix 4, Figure 1 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Business and Labor General Fund (In millions) Begin new information technology overhaul
https://lao.ca.gov/Publications/Report/4788/4

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

Jan 13, 2024 - In addition, the Governor ’s budget includes $13  billion in reserve withdrawals, which represent nearly one ‑quarter of the total; $4  billion in cost shifts; and about $400  million in revenue ‑related solutions.
https://lao.ca.gov/Publications/Report/4825

Rethinking California's Reserve Policy

Apr 10, 2025 - As shown in Figure  13 , since Proposition  2 was passed, excess capital gains to Proposition  2 have been reduced between 0  percent to 30  percent each year (larger increments are also possible, if not likely, in the future).
https://lao.ca.gov/Publications/Report/5028

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

Oct 16, 2023 - The budget package includes trailer bill legislation (Chapter  13 of 2023 [A B  119 , Committee on Budget]) to renew a tax on health insurance plans known as the MCO tax. Chapter  13 authorizes the tax from April 2023 through December 2026.
https://lao.ca.gov/Publications/Report/4788

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

May 17, 2024 - The Governor also reduces the state ’s reliance on reserves —using only $4  billion in reserve withdrawals to cover the deficit, significantly less than the $13  billion proposed in January. Proposed Budget Structure Puts the State on Better Fiscal Footing.
https://lao.ca.gov/Publications/Report/4902

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - The Department of FI$Cal also receives $5.3 million ($3.2 million General Fund) and 13 positions in the spending plan for information security and internal control activities. (Outyear funding includes $4.3 million [$2.6 million General Fund] and 13 positions in both 2023-24 and 2024-25, and $3.4 million [$2.1 million General Fund] and 13 positions in 2025-26 and ongoing.)
https://lao.ca.gov/Publications/Report/4626

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - Relative to budget act estimates and consistent with lower revenue, our estimate of required General Fund spending on schools and community colleges for 2021 ‑22 through 2023 ‑24 decreases by $13  billion.
https://lao.ca.gov/Publications/Report/4646

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - Six bargaining units (Units 2 [Attorney and Hearing Officer], 5 [Highway Patrol], 8 [Firefighter], 9 [Professional Engineer], 13 [Stationary Engineer], and 18 [Psyc hiatric Technician]) have active agreements that were ratified before 2023.
https://lao.ca.gov/Publications/Report/4814