The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - The 2026-27 Budget: California's Fiscal Outlook Executive Summary Not Safe to Bet Artificial Intelligence ( AI) Fueled Exuberance Is Sustainable. Both the California and U.S. economies currently face significant headwinds.
https://lao.ca.gov/Publications/Report/5091

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - That said, recent budgets have set the SFEU bet ween $3.5  billion and $4.5  billion, so the Governor ’s budget proposal to set the balance to $4.5  billion is generally in line with recent policy.
https://lao.ca.gov/Publications/Report/5101

The 2023-24 Budget: Initial Comments on the Governor's May Revision

May 15, 2023 - Spending and Other Adjustments Increase Budget Problem by $2.7 Billion. Across the budget, baseline spending (meaning, spending under current law) is higher than Governor’s budget estimates by $2.7 billion.
https://lao.ca.gov/Publications/Report/4769

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - The estimate of the requirement for 2024 ‑25 is up nearly $4.7  billion (4  percent) from the June 2024 level, but the budget appropriates just over $2.7  billion in additional funding for that year.
https://lao.ca.gov/Publications/Report/5079

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

May 17, 2025 - For context, the comparable revisions in the prior two budget cycles were $2  billion (2023 ‑24) and $2.7  billion (2022 ‑23). The increase is primarily driven by higher costs in the Medi ‑Cal program, which are projected to exceed January estimates by $10  billion over the three ‑year budget window: roughly $2  billion in 2024 ‑25 and $8  billion in 2025 ‑26.
https://lao.ca.gov/Publications/Report/5044

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

Jan 13, 2024 - For example, the Governor proposes reverting and delaying provision of about $2.7  billion in previously appropriated funding that already has been committed for specific state and local transportation projects.
https://lao.ca.gov/Publications/Report/4825

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

Oct 16, 2023 - The budget package includes $2.7 billion in one time funds from various state and federal fund sources to support the following: (1) monthly rate supplement payments to providers based on region and number of enrolled children from January 1, 2024 through June 30, 2025; (2) a one-time provider lump-sum transitional payment; (3) a narrower definition of part-time care; (4) exten
https://lao.ca.gov/Publications/Report/4788

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

Jan 13, 2022 - Compared with the estimates in the June 2021 budget plan, the administration revises its estimates of the guarantee up $2.5  billion (2.7  percent) in 2020 ‑21 and $5.3  billion (5.7  percent) in 2021 ‑22.
https://lao.ca.gov/Publications/Report/4492

The 2022-23 Budget: Initial Comments on the Governor's May Revision

May 16, 2022 - This is primarily the result of early legislative action, including adopting $5.7  billion in a variety of revenue reductions —such as the restoration of net operating loss deductions —and $2.7  billion for rental assistance.
https://lao.ca.gov/Publications/Report/4598

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

Oct 27, 2021 - The Legislature and the Governor have reached an agreement to cover the associated costs—approximately $2.7 billion at full implementation—by adjusting the Proposition 98 formulas to increase the share of General Fund revenue allocated to schools.
https://lao.ca.gov/Publications/Report/4448