The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - Six bargaining units (Units 2 [Attorney and Hearing Officer], 5 [Highway Patrol], 8 [Firefighter], 9 [Professional Engineer], 13 [Stationary Engineer], and 18 [Psyc hiatric Technician]) have active agreements that were ratified before 2023.
https://lao.ca.gov/Publications/Report/4814

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - These changes have the cumulative effect of lowering planned non ‑Proposition  98 General Fund spending for these packages by roughly $6.4  billion across the six ‑year period spanning 2021 ‑22 through 2026 ‑27.
https://lao.ca.gov/Publications/Report/4922

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

Feb 20, 2026 - Further, despite large revenue upgrades since June, the budget for this year remains roughly balanced. Recommend Using Windfall to Reduce Reliance on Reserves and Borrowing. Accordingly, if windfall resources are available at the May Revision, we recommend the Legislature use them to reduce the reliance on the use of reserves and borrowing in the current year.
https://lao.ca.gov/Publications/Report/5133

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - As we described in our November Fiscal Outlook , the recent stronger-than-expected revenue trends are almost entirely explained by the personal income tax (PIT), which has seen double digit growth this year.
https://lao.ca.gov/Publications/Report/5104

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

Jan 12, 2026 - However, deposits are later revised or “trued up ” to reflect updated revenue estimates in the subsequent two fiscal years. This occurs even if the initial deposit was suspended. In last year ’s budget, the state suspended the initial BSA deposit for 2025 ‑26.
https://lao.ca.gov/Publications/Report/5101

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

Oct 16, 2023 - (Because these credits would not be claimed until the housing units are complete, the General Fund impact of these tax credits will occur in a few years.) As most of the recently authorized housing and homelessness budget actions have been temporary or one time in nature, most of that funding is set to expire soon.
https://lao.ca.gov/Publications/Report/4788

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - For example, the administration proposed achieving efficiencies across state departments as part of last year ’s budget solutions. Undertaking this effort has required focused effort by the Department of Finance and state departments over the last six months, but little information is yet available as to how those efficiencies will be achieved.
https://lao.ca.gov/Publications/Report/4983

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Amid these conditions, California businesses have pared back hiring, resulting in no payroll job growth in the state so far this year. California consumers similarly are limiting spending, with sales of taxable goods flat over the last year.
https://lao.ca.gov/Publications/Report/5091

The 2026-27 Budget: California's Fiscal Outlook [Publication Details]

Nov 19, 2025 - Each year, our office publishes the Fiscal Outlook in anticipation of the upcoming budget season. This report gives the Legislature our independent estimates and analysis of the state’s General Fund budget condition with the goal of helping lawmakers prepare for the 2026-27 budget process.
https://lao.ca.gov/Publications/Detail/5091

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - The Budget Problem For the third year in a row, the state faced a budget problem, or deficit. Although the budget problem this year was smaller than in recent years ($15  billion this year compared to $55  billion in 2024 ‑25 and $27  billion in 2023 ‑24), addressing this year ’s budget problem required the state to adopt more ongoing solutions.
https://lao.ca.gov/Publications/Report/5079