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

Jan 13, 2025 - Savings Proposals Generates $1.6 Billion School and Community College Settle‑Up Obligation in 2024‑25. The Governor’s budget proposes providing $1.6 billion less in total funding for schools and community colleges than the estimated constitutional minimum funding level for 2024‑25.
https://lao.ca.gov/Publications/Report/4951

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - Second, these higher revenues are more than offset by more discretionary spending, which totals $4  billion in the final package, compared to $1.6  billion in the May Revision. (The difference between these two —over $2   billion —increases the budget problem.)
https://lao.ca.gov/Publications/Report/5079

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

Jan 13, 2024 - This includes, for example, $1.6 billion in spending delays for competitive transit grant funds, a change in the General Child Care budgeting methodology that results in nearly $900 million in savings over the budget window, and a change in the distribution of funds in the school facilities program that delays nearly $700 million in spending until after 2024‑25.
https://lao.ca.gov/Publications/Report/4825

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

May 17, 2025 - The May Revision retains most January proposals, including the Governor’s plan to expand the film tax credit, and adds new proposals that bring the total to nearly $2 billion—$1.6 billion in spending and around $150 million in revenue reductions.
https://lao.ca.gov/Publications/Report/5044

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget reflects $14.5  million in General Fund reductions in 2024-25 (declining to $1.6  million in 2027-28 and ongoing). Most notably, this includes a reduction of $11.7  million in 2024-25 and $11.6  million in 2025-26 for electric vehicle service equipment.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget reflects $14.5  million in General Fund reductions in 2024-25 (declining to $1.6  million in 2027-28 and ongoing). Most notably, this includes a reduction of $11.7  million in 2024-25 and $11.6  million in 2025-26 for electric vehicle service equipment.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

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

May 17, 2024 - This includes, for example, $1.6  billion in spending delays for competitive transit grant funds, a sweep of nearly $600  million in unawarded General Child Care slots, and a change in the distribution of funds in the school facilities program that delays nearly $700  million in spending until after 2024-25.
https://lao.ca.gov/Publications/Report/4902

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

Oct 16, 2023 - To cover these costs, the budget package uses $1.9  billion in one ‑time, prior ‑year funding to fund the primary school and community college funding formulas ($1.6  billion for schools and $290  million for California Community Colleges).
https://lao.ca.gov/Publications/Report/4788

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

Jan 13, 2022 - The Governor ’s budget proposes a total of $4.9  billion from the General Fund —$3.3  billion in 2021 ‑22 and $1.6  billion in 2022 ‑ 23 —to support various transportation projects, including transit and intercity rail, active transportation, and climate adaptation.
https://lao.ca.gov/Publications/Report/4492

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - This decline is driven by three factors: (1)  higher capital gains revenues in 2021 ‑22 result in a $1.6  billion increase in the deposit that year; (2)  significantly lower revenues in 2022 ‑23 cause that year ’s $3.4  billion deposit to be reduced to zero; and (3)  our assumption that the state suspends the otherwise required BSA deposit in 2023 ‑24, due to the budget problem, originally estimated to be $2.9  billion.
https://lao.ca.gov/Publications/Report/4646