The 2026-27 Budget [Publication Details]

Jan 1, 2026 - The 2026-27 Budget [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only. The LAO is unable to guarantee the accuracy of this translation and is therefore not liable for any inaccurate information resulting from the translation application tool.
https://lao.ca.gov/Publications/Detail/5107

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

Feb 20, 2026 - The 2026-27 Budget: How to Use One-Time Revenue Improvements The 2026-27 Budget How to Use One-Time Revenue Improvements Recent stock market performance continues to boost income tax collections. In our Fiscal Outlook , we strongly advised the Legislature to treat near-term strength in tax collections as temporary because we expect these gains to reverse.
https://lao.ca.gov/Publications/Report/5133

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Second, while our revenue estimates hedge against a market downturn, they do not reflect the revenue declines the state would experience in a recession. Third, the state has used most of its budget resiliency tools to address prior deficits.
https://lao.ca.gov/Publications/Report/5091

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - California’s Strong Revenue Trends Mask Looming Budget Risk January 23, 2026 Tweet Gabriel PetekLegislative Analyst History suggests that fiscal risks can build during times when they are easiest to ignore.
https://lao.ca.gov/Publications/Report/5104

The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - There are also some properties that appear to meet the de finition, although perhaps less clearly, like information technology projects. Does the State Need to Own the Asset to Count It as an Exclusion?
https://lao.ca.gov/Publications/Report/4547

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - The largest revenue solution is a proposal to not allow businesses with more than $1  million in income to claim NOL deductions on their taxes in 2025, 2026, and 2027. This proposal provides $900  million in additional revenue in 2024-25 and over $5  billion in future years.
https://lao.ca.gov/Publications/Report/4902

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

Jan 12, 2026 - The 2026-27 Budget: Overview of the Governor's Budget Executive Summary Governor ’s Budget Roughly Balanced on Higher Revenues. The administration projects the budget faces a roughly $3  billion deficit.
https://lao.ca.gov/Publications/Report/5101

The 2026-27 Budget: How to Use One-Time Revenue Improvements [Publication Details]

Feb 20, 2026 - The 2026-27 Budget: How to Use One-Time Revenue Improvements [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5133

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - When cost changes do not occur automatically under current policy, we classify them as either budget solutions or discretionary augmentations. Budget Package Addressed a Nearly $15   Billion Budget Problem.
https://lao.ca.gov/Publications/Report/5079

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - Full  implementation was delayed to 2026 ‑27 in the 2023 ‑24 budget.) Specifically, trailer legislation indicates intent to add 44,000 slots in 2026 ‑27 and 33,000 slots in 2027 ‑28 to fully meet the goals of the expansion  plan.
https://lao.ca.gov/Publications/Report/4922