The 2026-27 Budget: How to Use One-Time Revenue Improvements

Feb 20, 2026 - At the same time, the state would continue to use $10  billion in reserves in 2025-26 under the administration ’s plan. In addition, recent budgets have relied on nearly $30  billion in borrowing to address deficits, and the Governor ’s budget proposes almost $6  billion in additional borrowing (see Figure  1).
https://lao.ca.gov/Publications/Report/5133

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - LAO Spending Estimates Over $10   Billion Higher Than the Administration by 2026 ‑27. By 2026 ‑27, our estimate of General Fund spending (excluding spending on schools and community colleges) is $10  billion higher than the administration ’s estimate.
https://lao.ca.gov/Publications/Report/4772

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

Oct 16, 2023 - Appendix 4, Figure 6 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Public Safety General Fund (In millions) Organized Retail, Motor Vehicle, and Cargo Theft Prevention Grants (Public Safety Package) $85 Augmentation to California Violence Intervention and Prevention Program 66 Note: Includes augmentations above $50 million BSCC = Board of State and Community Corrections.
https://lao.ca.gov/Publications/Report/4788/4

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Our estimates for the state ’s SAL position across the budget window are also shown in the insert in Figure 6. Is There Capacity for New, Ongoing Commitments? Operating Surpluses of $3 Billion to $8  Billion.
https://lao.ca.gov/Publications/Report/4472

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - Previously, the YCTC provided an additional $1,000 refundable tax credit to most families who qualify for the state ’s Earned Income Tax Credit (or CalEITC) who also have children under the age of 6.
https://lao.ca.gov/Publications/Report/4626

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - Borrowing ($10 Billion) The budget package primarily addresses the budget problem using borrowing —these solutions represent $10  billion or roughly two ‑thirds of the total solutions. We define “borrowing ” as budget actions that achieve savings in the present, but result in an obligation or higher cost for the state in a future year.
https://lao.ca.gov/Publications/Report/5079

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

Oct 27, 2021 - The language also allows DOF to reallocate funding if they are not encumbered by August 1, 2024 and use up to $ 10 m illion in interest earnings on the funds to address unanticipated workload. Any changes DOF makes pursuant to this section require a 30 ‑day notification to JLBC.
https://lao.ca.gov/Publications/Report/4448

The 2026-27 Budget: Overview of the Governor's Budget [Publication Details]

Jan 12, 2026 - On January 9, 2026, Governor Newsom’s administration presented its proposed state budget to the California Legislature. In this report, we provide a high-level summary and our initial analysis of the Governor’s budget based on our preliminary review (as of January 10). Assembly Budget Handout (PDF) Senate Budget and Fiscal Review Handout (PDF)
https://lao.ca.gov/Publications/Detail/5101

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

Jan 12, 2026 - In this report, we provide a high ‑level summary and our initial analysis of the Governor ’s budget based on our preliminary review (as of January 10). In the coming weeks, we will analyze the plan in more detail and release many additional issue ‑specific budget analyses.
https://lao.ca.gov/Publications/Report/5101

The 2023-24 Budget: Multiyear Assessment

Feb 15, 2023 - After accounting for proposed budget solutions, the administration estimates the state has $15.2  billion in one ‑time or temporary spending scheduled for 2023 ‑24, $9.3  billion in 2024 ‑25, and $6  billion in 2025 ‑26.
https://lao.ca.gov/Publications/Report/4687