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

Jan 13, 2025 - These solutions yielded General Fund savings of $11  billion through 2025 ‑26. The Governor ’s budget reduces this amount by $1.3  billion through 2025 ‑26. The reason for the reduction is the recent voter approval of Proposition  35 (2024), which requires the state to spend less MCO tax money on offsetting General Fund spending and more money on provider rate increases.
https://lao.ca.gov/Publications/Report/4951

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

May 17, 2021 - (In addition, the Constitution requires the state to set aside $11  billion for reserves and debt payments. We also describe those below.) One-Time Spending The Governor proposes spending $25  billion of General Fund surplus monies on a one-time or temporary basis.
https://lao.ca.gov/Publications/Report/4432