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

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 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 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Amid these conditions, California businesses have pared back hiring, resulting in no payroll job growth in the state so far this year. California consumers similarly are limiting spending, with sales of taxable goods flat over the last year.
https://lao.ca.gov/Publications/Report/5091

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - Makes Cuts to the California Jobs First Program. The budget permanently reduces funding for the California Jobs First Program by $150  million and delays an additional $150  million. The program retains $50  million per year in funding for this program in 2024-25 through 2026-27.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - Makes Cuts to the California Jobs First Program. The budget permanently reduces funding for the California Jobs First Program by $150  million and delays an additional $150  million. The program retains $50  million per year in funding for this program in 2024-25 through 2026-27.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - Second, it transfers a zero ‑emission vehicle program and the California Jobs First program to the Governor ’s Office of Business and Economic Development and the Precision Medicine Program to the Health and Human Services Agency.
https://lao.ca.gov/Publications/Report/4922

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - The new General Fund augmentations are to support two programs: Youth Jobs Corps. The budget provides $78  million General Fund annually for the Youth Jobs Corps beginning in 2023-24. The program was first established in 2021-22 as a 2.5-year program supported by limited-term federal funding.
https://lao.ca.gov/Publications/Report/4814

California's Legislative Analyst's Office and the Value of Independence

Nov 15, 2024 - As such, our independent fiscal assessment underlies the Legislature ’s ability to assert an informed check on the executive branch, making any added complexity from diverging estimates a worthwhile trade-off.
https://lao.ca.gov/Publications/Report/4938

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

Jan 13, 2025 - The  administration appears to share some of these concerns, noting recent job losses among high ‑wage workers and the risks posed by the inherent volatility of tax receipts tied to stock market gains.
https://lao.ca.gov/Publications/Report/4951