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

Feb 20, 2026 - Our Revenue Estimates Consistent With $2.5  Billion Upgrade to Budget Bottom Line Compared to January. Our recent revenue post suggests an improvement in revenues of around $5 billion relative to the Governor’s budget estimates.
https://lao.ca.gov/Publications/Report/5133

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 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - Under a scenario where the statutory COLA remains at 5 percent, the dip would be closer to $2.5 billion. Although the Legislature could go about determining its mix of one ‑time and ongoing funding in various ways based on its risk tolerance and spending priorities, one approach would be to set aside at least $2.5 billion for one ‑time activities to mitigate the risk from the higher inflation scenario.
https://lao.ca.gov/Publications/Report/4473

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Although inflation, as measured by the consumer price index, appears to be trending down from the recent peak of 9.1  percent in June 2022, as of March, it remained 5  percent, or 2.5 times the Federal Reserve ’s (the Fed ’s) target.
https://lao.ca.gov/Publications/Report/4762

The 2022-23 Budget: Medi-Cal Fiscal Outlook

Nov 17, 2021 - Expiration of Enhanced Federal Funding Will Result in Higher General Fund Costs in the Low Billions of Dollars … We estimate that having three ‑quarters of the enhanced federal funding in 2021 ‑22 will result in $2.5 billion in General Fund savings (compared to typical cost ‑sharing ratios).
https://lao.ca.gov/Publications/Report/4474

The 2022-23 California Spending Plan: The State Appropriations Limit

Sep 30, 2022 - We understand the CERF includes direct COVID-19 response expenditures of $1.9  billion in 2021-22 and $2.5  billion in 2022-23, nearly $2  billion in emergency rental relief assistance (in 2021-22), just over $1  billion for healthcare worker retention payments (in 2021-22), $1.2  billion for energy utility arrearages (in 2022-23), and $1.1  billion for drought emergency expenditures ($1  billion in 2021-22).
https://lao.ca.gov/Publications/Report/4631

The 2021-22 Spending Plan: Other Provisions

Sep 23, 2021 - During the pandemic, IBank helped to establish the California Rebuilding Fund, in partnership with private microlenders and Community Development Financial Institutions, to make low interest loans to businesses with 50 or fewer employees and revenue under $2.5  million.
https://lao.ca.gov/Publications/Report/4452

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - While these efforts very well could return inflation in California to the pre ‑pandemic norm of 2.5 percent per year, heightened inflation pressures —such as relatively high levels of consumer spending and wage growth —could result in elevated inflation that persists in the coming years.
https://lao.ca.gov/Publications/Report/4647

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - The program was first established in 2021-22 as a 2.5-year program supported by limited-term federal funding. The program has three stated goals: (1)  to increase employment for underserved youth across California; (2)  to develop meaningful public service career pathways; and (3)  to enhance the capacity of local governments to address challenges in the key areas of food insecurity, climate action, and COVID-19 recovery.
https://lao.ca.gov/Publications/Report/4814

The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - . $550  million to double the size of a recently created program that awards grants up to $25,000 to businesses and nonprofits with revenues under $2.5  million that were impacted by the pandemic. Other Business Grants. $250  million for California Competes to provide grants to businesses in addition to its traditional tax credits.
https://lao.ca.gov/Publications/Report/4309