The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Operating Surplus of $5 Billion in 2022 ‑23. In addition to the factors described above, which are revisions to the 2021 ‑22 Budget Act , our outlook anticipates the state will have an additional $5.2 billion operating surplus in 2022 ‑23.
https://lao.ca.gov/Publications/Report/4472

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Instead, much of the bounce appears to be tied to special forms of pay for high ‑income workers, such as bonuses and stock  compensation. Booming Stock Market Driving Income Growth. The recent run ‑up in the stock market, which appears tied to optimism surrounding artificial intelligence, is a primary driver of the rapid growth in pay to high ‑income workers.
https://lao.ca.gov/Publications/Report/4939

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - While there are no costs in 2022 ‑23, the expansion is expected to result in increased spending of $2.1  billion General Fund at full implementation. Developmental Services Rate Reform Acceleration. The 2021 ‑22 budget included funding to begin implementation of service provider rate reform, with funding for rate increases and quality incentives ramping up to $1.2  billion General Fund in 2025 ‑26 and ongoing.
https://lao.ca.gov/Publications/Report/4616

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

Nov 17, 2021 - The Legislature and Governor previously agreed to ramp up ongoing funding over the next four years —from $1 billion in 2021 ‑22 to about $5 billion by 2025 ‑26. The state could accelerate this schedule, which would give districts more certainty about their funding levels and potentially improve local planning for these  programs.
https://lao.ca.gov/Publications/Report/4473

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

Oct 27, 2021 - Specifically, funding in the budget declines to $2. 5 b illion (all funds) in 2022 ‑23 for these housing and homelessness programs and the budget only provides $ 24 m illion (General Fund) in ongoing funding beginning in 2023 ‑24.
https://lao.ca.gov/Publications/Report/4448

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

Jan 12, 2026 - Ongoing, the Governor ’s spending ‑related solutions provide $5  billion in savings within a few years. Appendix 1 provides a list of the Governor ’s budget solutions. Generates $5.6 Billion School and Community College Settle‑Up Obligation in 2025‑26.
https://lao.ca.gov/Publications/Report/5101

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - This represents an increase of 9  percent compared to 2022-23, mainly due to increases in natural resources, higher education, and transportation-related debt service. This total includes $6.5  billion for general obligation bond debt ($5  billion from the General Fund) and $822  million for lease revenue bond debt ($633  million from the General Fund).
https://lao.ca.gov/Publications/Report/4814

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - (This amount excludes the additional deposits the state had anticipated making in 2022 ‑23 and 2023 ‑24 prior to our lower revenue estimates.) The state could use up to $7.7  billion of this balance to cover school spending that exceeds the Proposition  98 minimum requirement in 2022 ‑23.
https://lao.ca.gov/Publications/Report/4819

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

Jan 13, 2022 - For 2022 ‑23, the guarantee is up $8.2  billion (8.8  percent) relative to the 2021 ‑22  enacted budget level. These increases —combined with nearly $1.6  billion freed up from the expiration of various one ‑time Proposition  98 costs —make $17.7  billion available for new commitments.
https://lao.ca.gov/Publications/Report/4492

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - The f unding supports programmatic and administrative costs and stipends (up to $7,000) or scholarships (up to $3,000) for participating student volunteers. $25  Million for Summer Youth Jobs Program.
https://lao.ca.gov/Publications/Report/4626