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

May 17, 2025 - The 2025-26 Budget: Initial Comments on the Governor's May Revision Key takeaways A Budget Problem Has Emerged Since January. Overall, our assessm ent of the state’s budget condition for 2025‑26 is very similar to that of the administration’s assessment—namely, since January, when the budget was roughly balanced, a budget problem has emerged.
https://lao.ca.gov/Publications/Report/5044

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