The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Operating Surplus of $5 Billion in 2022 ‑23. In addition to the factors described above, which are revisions to the 2021 ‑22 Budget Act , our outlook anticipates the state will have an additional $5.2 billion operating surplus in 2022 ‑23.
https://lao.ca.gov/Publications/Report/4472

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - The added risk variable weighs on the range of revenue outcomes that we view as most plausible. The middle of the range, which becomes our main revenue forecast, is thus lower than if we did not include the stock market risk indicator.
https://lao.ca.gov/Publications/Report/5104

The 2021-22 Spending Plan: Other Provisions

Sep 23, 2021 - In September 2020, the Legislature instituted the Main Street Small Business Tax Credit, which provides income or sales tax credits to firms with 100 or fewer employees that added jobs in the second half of 2020.
https://lao.ca.gov/Publications/Report/4452

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Outside of government and health care, the state has added no jobs in a year and a half. Similarly, the number of Californians who are unemployed is 25  percent higher than during the strong labor markets of 2019 and 2022.
https://lao.ca.gov/Publications/Report/4939

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - Second, the spending plan provides roughly $850  million in 2022 ‑23, of which about $500  million is   ongoing —almost  entirely from the General   Fund —for  various augmentations aimed at enhancing the state ’s wildfire response.
https://lao.ca.gov/Publications/Report/4616

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

Oct 27, 2021 - Most of the funding will go out as $ 600 o ne ‑time payments to taxpayers with incomes below $75,000 (taxpayers with dependents will receive an additional $ 500 p ayment). The remainder will go out as $ 500 o ne ‑time payments to taxpayers with incomes less than $75,000 who file using an Individual Taxpayer Identification Number.
https://lao.ca.gov/Publications/Report/4448

The 2022-23 Budget: Medi-Cal Fiscal Outlook

Nov 17, 2021 - Second, we assume the MCO tax expires halfway through 2022 ‑23 and is not reauthorized, raising General Fund costs by $500  million. Third, we back out the 2021 ‑22 increase in federal funding for Medi ‑Cal HCBS programs, which raises General Fund costs in 2022 ‑23 by $280 million.
https://lao.ca.gov/Publications/Report/4474

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - During the special session, the Legislature added Control Sections 90.00 and 90.01 to the 2024 ‑25 Budget Act providing up to $2.5  billion one ‑time for response and recovery costs related to the January 2025 Southern California wildfires.
https://lao.ca.gov/Publications/Report/5079

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - The 2022-23 Budget Act included $500  million General Fund in 2023-24 to provide small businesses financial assistance to partially offset their increased payroll tax costs related to repaying the federal UI loan.
https://lao.ca.gov/Publications/Report/4814

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

Jan 13, 2022 - Additionally, the Governor proposes $500  million for the Encampment Resolution Grants Program in 2022 ‑23 administered by the California Interagency Council on Homelessness to provide targeted grants to local governments to rehouse individuals living in encampments.
https://lao.ca.gov/Publications/Report/4492