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

Feb 20, 2026 - In addition, recent budgets have relied on nearly $30  billion in borrowing to address deficits, and the Governor ’s budget proposes almost $6  billion in additional borrowing (see Figure  1). A period of strong revenue growth is not an appropriate time to draw down significant reserves or continue to rely on borrowing.
https://lao.ca.gov/Publications/Report/5133

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Moreover, we estimate costs in other programs to be about $6  billion higher than anticipated. Starting in 2027 ‑28, we estimate structural deficits to grow to about $35  billion annually due to spending growth continuing to outstrip revenue growth.
https://lao.ca.gov/Publications/Report/5091

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - This funding also replaces $6  million ongoing General Fund provided in the 2022-23 budget to implement federal 9-8-8 requirements. California Cybersecurity Integration Center (Cal-CSIC). The budget provides $23.2  million General Fund to OES in support of Cal-CSIC.
https://lao.ca.gov/Publications/Report/4814

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

May 17, 2025 - Revenues for prior and current years are up a total of $6  billion, primarily reflecting stronger ‑than ‑expect personal income tax collections which are running $4  billion ahead of prior projections as of April.
https://lao.ca.gov/Publications/Report/5044

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - Specifically, our November forecasted spending growth is about 6  percent over the multiyear period (2026-27 thought 2028-29) —a growth rate that is high by historical outlook standards and slightly above what we consider to be long-term revenue growth.
https://lao.ca.gov/Publications/Report/4983

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Across all programs in this agency (including, for example, Medi ‑Cal, In ‑Home Supportive Services, developmental services, and child care), our estimates are $6  billion higher than the administration ’s projection by 2026 ‑27.
https://lao.ca.gov/Publications/Report/4772

Rethinking California's Reserve Policy

Apr 10, 2025 - Figure  6 shows a measure of state revenue volatility put together by researchers at the Pew Charitable Trusts using 15 years of revenue collection data. According to this measure, California has one of the most volatile tax revenue systems in the country, ranking fifth out of 50 states.
https://lao.ca.gov/Publications/Report/5028

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - (The full implementation costs of these ongoing proposals grow to $6. 6 b illion by 2025 ‑26.) Additionally, the budget includes hundreds of millions of dollars for continued temporary assistance related to the COVID ‑ 19 p andemic response and support in child welfare, In ‑Home Supportive Services (IHSS), and CalWORKs.
https://lao.ca.gov/Publications/Report/4448

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget reverts $6  million from 2021-22 related to financing for wildfire and forest resilience projects. Reverts Funds From the Small Agricultural Business Drought Relief Grant Program. The budget reverts $5  million from the Small Agricultural Business Drought Relief Grant Program, which provides relief to small agricultural businesses that suffer a decline in revenues or profits due to drought/flood conditions.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget reverts $6  million from 2021-22 related to financing for wildfire and forest resilience projects. Reverts Funds From the Small Agricultural Business Drought Relief Grant Program. The budget reverts $5  million from the Small Agricultural Business Drought Relief Grant Program, which provides relief to small agricultural businesses that suffer a decline in revenues or profits due to drought/flood conditions.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services