The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - The 2026-27 Budget: California's Fiscal Outlook Executive Summary Not Safe to Bet Artificial Intelligence ( AI) Fueled Exuberance Is Sustainable. Both the California and U.S. economies currently face significant headwinds.
https://lao.ca.gov/Publications/Report/5091

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

Jan 12, 2026 - That said, recent budgets have set the SFEU bet ween $3.5  billion and $4.5  billion, so the Governor ’s budget proposal to set the balance to $4.5  billion is generally in line with recent policy.
https://lao.ca.gov/Publications/Report/5101

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - Under our forecast, a fiscal emergency would be available both in 2023 ‑24 and 2024 ‑25. In the case of a fiscal budget emergency, the Legislature only can withdraw the lesser of: (1)  the amount of the budget emergency, or (2)  50  percent of the BSA balance (in each year).
https://lao.ca.gov/Publications/Report/4819

Rethinking California's Reserve Policy

Apr 10, 2025 - Eliminate Complex Fiscal Emergency Rules. Under current law, the Legislature may only withdraw reserves if the Governor declares a budget emergency, which can be triggered by either a disaster or a fiscal emergency.
https://lao.ca.gov/Publications/Report/5028

The 2022-23 California Spending Plan: The State Appropriations Limit

Sep 30, 2022 - Emergency Spending Through Learning Recovery Emergency Fund. Chapter  53 of 2022 (AB  182, Committee on Budget) created the Learning Recovery Emergency Fund, a special fund to assist schools and community colleges in the long-term recovery from the COVID-19 pandemic.
https://lao.ca.gov/Publications/Report/4631

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

May 15, 2023 - CARB = California Air Resources Board; BHC= Baldwin Hills Conservancy; CalRecycle = California Department of Resources, Recycling and Recovery; CalFire = California Department of Forestry and Fire Protection; CCC = California Conservation Corps; CNRA = California Natural Resources Agency; CPUC = California Public Utilities Commission; CVC = Coachella Valley Conservancy; DFW = D epartment of Fish
https://lao.ca.gov/Publications/Report/4769/1

The 2021-22 California Spending Plan: The State Appropriations Limit

Aug 30, 2021 - Emergency Expenditures. The Constitution also allows expenditures on emergencies to be excluded from appropriations subject to the limit. Those expenditures must meet three specific conditions to qualify.
https://lao.ca.gov/Publications/Report/4449

The State Appropriations Limit

Apr 21, 2021 - As mentioned above, certain conditions must exist for state spending on an emergency to qualify as an exemption, which exist in these cases: Governor Declared Emergency. First,  to  qualify as an exemption, spending on emergencies must be made in response to a declared emergency by the Governor.
https://lao.ca.gov/Publications/Report/4416

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

Oct 27, 2021 - CDPH = California Department of Public Health; CHHS Agency = Secretary for California Health and Human Services Agency; GARE = Government Alliance on Race and Equity; COVID ‑19 = coronavirus disease 2019; DSH = Department of State Hospitals; EMSA = California Emergency Medical Services Authority; and OSHPD = Office of Statewide Health Planning and Development.  
https://lao.ca.gov/Publications/Report/4448/1

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

Feb 4, 2022 - Spend More on Emergencies. The  Constitution also allows expenditures on emergencies to be excluded from appropriations subject to the limit. However, those expenditures must meet three specific conditions.
https://lao.ca.gov/Publications/Report/4515