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

Jan 13, 2024 - The 2024-25 Budget: Overview of the Governor's Budget $3,135 $4,677 BCH = Secretary for Business, Consumer Services, and Housing Agency; HHAPP = Homeless Housing, Assistance, and Prevention Program; FHC = Family Homelessness Challenge Grants; BSCC  =  Board of State and Community Corrections; CalFire = California Department of Forestry and Fire Protection; CalRecycle = California Department of
https://lao.ca.gov/Publications/Report/4825/1

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

Feb 20, 2026 - 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

Rethinking California's Reserve Policy

Apr 10, 2025 - LAO Recommended Approach. We put forward two recommendations to improve reserve policy: Raise the Reserve Cap to 50   Percent by 2055. We first recommend the cap on constitutional reserve deposits be raised from 10  percent to 50  percent of General Fund taxes.
https://lao.ca.gov/Publications/Report/5028

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

May 17, 2025 - Recommend Legislature Maintain Overall May Revision Structure. We recommend the Legislature address the budget shortfall with a similar approach that the administration took, namely adopting solutions that primarily put the state on more solid fiscal footing, rather than those that delay or exacerbate future problems.
https://lao.ca.gov/Publications/Report/5044

Rethinking California's Reserve Policy [Publication Details]

Apr 10, 2025 - In this report, we assess proposed changes by the Governor to the state’s reserve policy and put forward our own recommendations that would allow the state to save enough in reserves to be able to afford its core service level over the long-term.
https://lao.ca.gov/Publications/Detail/5028

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - Either way, we recommend the Legislature maintain at least the level of ongoing solutions proposed by the Governor. This is important because, going forward, the budget problems will become more difficult to solve.
https://lao.ca.gov/Publications/Report/5052

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

Jan 13, 2025 - We recommend the Legislature maintain last year ’s momentum by developing a plan for addressing the budget problems on the horizon. The underlying budget dynamics today are particularly challenging for three reasons.
https://lao.ca.gov/Publications/Report/4951

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - To  develop its budget, we recommend the Legislature evaluate recently approved augmentations and only maintain those augmentations that meet certain criteria. Recommend the Legislature ’s Budget Not Include Future Deficits.
https://lao.ca.gov/Publications/Report/4662

A Framework for Allocating Federal Recovery Funds

May 4, 2021 - In light of this, and given that the federal government already has provided substantial assistance to individuals, businesses, and local governments, we recommend not allocating all of the recovery funds this year.
https://lao.ca.gov/Publications/Report/4422

The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal

Feb 4, 2022 - We  recommend the Legislature first determine how it wishes to meet the SAL ’s requirements. This decision will have significant spending implications. For instance, if the Legislature wishes to meet the SAL ’s requirements through excluded spending, we recommend determining how to allocate that spending now.
https://lao.ca.gov/Publications/Report/4515