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

May 17, 2021 - The 2021-22 Budget: Initial Comments on the Governor’s May Revision $1,137 $465 Note: This reflects our best understanding as of May 15, 2021; however, we are still receiving information from the administration about these proposals.
https://lao.ca.gov/Publications/Report/4432/2

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

May 17, 2021 - The 2021-22 Budget: Initial Comments on the Governor’s May Revision $2,099 $510 Note: This reflects our best understanding as of May 15, 2021; however, we are still receiving information from the administration about these proposals.
https://lao.ca.gov/Publications/Report/4432/5

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

May 17, 2021 - The 2021-22 Budget: Initial Comments on the Governor’s May Revision $7,246.0 $157.1 Note: This reflects our best understanding as of May 15, 2021; however, we are still receiving information from the administration about these proposals.
https://lao.ca.gov/Publications/Report/4432/7

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

May 17, 2021 - The 2021-22 Budget: Initial Comments on the Governor’s May Revision $ 2,990 $217 Note: This reflects our best understanding as of May 15, 2021; however, we are still receiving information from the administration about these proposals.
https://lao.ca.gov/Publications/Report/4432/6

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - This year, for example, our outlook reflects our best estimates of the effects of H.R. 1: One Big Beautiful Bill Act on the state budget but does not make assumptions about future federal policy changes.
https://lao.ca.gov/Publications/Report/5091

The 2023-24 Budget: Multiyear Assessment

Feb 15, 2023 - Based on current information, our best estimate is that revenues for these two years will be roughly $10 billion lower. Budget Problem Likely About $7   Billion Higher —Requiring Additional Solutions .
https://lao.ca.gov/Publications/Report/4687

California's Legislative Analyst's Office and the Value of Independence

Nov 15, 2024 - Our purpose is not to align with the executive branch but to provide the Legislature with the independent, critical analysis it needs to make informed decisions that best serve the public interest. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/4938

The 2023-24 Budget: Initial Comments on the Governor's May Revision

May 15, 2023 - This year, as always, we advise adopting the best possible revenue estimate based on all available economic and revenue data. We do not view revenue uncertainties as a cause for inaction or a reason to adopt optimistic revenue assumptions.
https://lao.ca.gov/Publications/Report/4769

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Due to its origins in the technology sector, the best analog for the current situation might be the 2001 recession. We have attributed some of the weaker-than-expected personal income withholding tax collections so far to a steep 84  percent decline in initial public offering (IPO) activity in 2022.
https://lao.ca.gov/Publications/Report/4762

Despite Fiscal Forecasting Uncertainties, Multiyear Budget Planning Essential

May 27, 2021 - When developing our main forecasts, both our office and DOF make their best estimate, aiming for the median scenario. Whether the estimates indicate the state ’s fiscal trajectory is on a course to remain balanced, generate a surplus, or fall into a deficit can —and should —be pivotal in the budget process.
https://lao.ca.gov/Publications/Report/4443