The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - Update (10/2/24): Figure 8 has been updated for final actions.
https://lao.ca.gov/Publications/Report/4922/3

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - Update (10/2/24): Figure 8 has been updated for final actions.
https://lao.ca.gov/Publications/Report/4922/2

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - Update (10/2/24): Figure 8 has been updated for final actions.
https://lao.ca.gov/Publications/Report/4922/1

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

Jan 13, 2024 - About $8  billion of the Governor ’s spending ‑related solutions are delays. As a result, proposed spending is higher by $5  billion in 2025 ‑26, nearly $2  billion in 2026 ‑27, and roughly $1  billion in 2027 ‑28.
https://lao.ca.gov/Publications/Report/4825

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

Oct 27, 2021 - Health The spending plan provides a total of $3. 8 b illion in new, discretionary General Fund monies in 2021 ‑22, of which $ 1 b illion is ongoing, for health ‑related programs. Below, we highlight some of the major changes.
https://lao.ca.gov/Publications/Report/4448

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

Oct 16, 2023 - Appendix 4, Figure 8 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Transportation General Fund (In Millions)
https://lao.ca.gov/Publications/Report/4788/4

Rethinking California's Reserve Policy

Apr 10, 2025 - This change need not occur immediately as it will take time for the state to build up reserves through future economic cycles. As such, we suggest the Legislature ask the voters to authorize a scheduled, phased‑in increase: 20 percent to take effect immediately after the next statewide election, 25 percent in 2030, and increasing by 5 percent every five years until the cap reaches a maximum of 50 percent in 2055.
https://lao.ca.gov/Publications/Report/5028

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

May 17, 2024 - The May Revision also includes about $5  billion in ongoing spending reductions in 2024-25, which grow to roughly $8  billion over time. These ongoing reductions include, for example: an unallocated cut to state operations, an indefinite pause to the multiyear child care slot expansion plan, and a reduction to foster care permanent rates (which would be subject to a trigger restoration if revenues are sufficient to fund them in the future).
https://lao.ca.gov/Publications/Report/4902

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Other Spending Lower by $5 Billion. Across the rest of the budget, our estimate of costs in 2020 ‑21 and 2021 ‑22 are lower than budget act estimates by about $5 billion. There are many factors contributing to these savings, but two major ones.
https://lao.ca.gov/Publications/Report/4472

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - As shown in Figure  5, the Governor proposes allocating nearly $10  billion of this total to pay down deferred payments from previous years, $5  billion (including $2.1  billion ongoing) for high-poverty schools and districts, nearly $1.4  billion for community colleges, and the remainder (roughly $6  billion) for other K-12 spending.
https://lao.ca.gov/Publications/Report/4432