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

Rethinking California's Reserve Policy

Apr 10, 2025 - If the Legislature adopts a reserve policy that performs well in half of scenarios but poorly in the other half (that is, we use the median scenario as a benchmark), it would mean there is something like a coin ‑flip chance that the policy would achieve its desired outcomes.
https://lao.ca.gov/Publications/Report/5028

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

May 15, 2023 - The May Revision also includes a proposal to delay providing ongoing General Fund for financial assistance to Covered California enrollees, freeing up $304 million. About one‑third of the Governor’s spending solutions are reductions. $3.7   Billion in Reductions Subject to Trigger Reduction.
https://lao.ca.gov/Publications/Report/4769

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - These allocations expire in 2022 ‑23, freeing ‑up the underlying funds. An additional $1.8  billion is available from reductions in costs due to lower attendance. Regarding cost increases, we account for previous commitments, the required reserve deposit, and the 5.35 percent COLA.
https://lao.ca.gov/Publications/Report/4473

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

Oct 27, 2021 - The 2021‑22 budget provides over $1 billion in funding for several program expansions and enhancements that are in line with the state’s Master Plan for Aging. Some examples of these include (1) expand full‑scope Medi‑Cal, including IHSS, to undocumented older adults; (2) providing a grant increase for SSI/SSP recipients; (3) expanding eligibility and services for the Adult Protective Services program; and (4) establishing a permanent IHSS back‑up provide system.
https://lao.ca.gov/Publications/Report/4448

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - On the one hand, pausing automatic adjustments could free up resources and mitigate the need for other reductions. On the other hand, for those programs whose costs have not recently been adjusted for inflation, budget reductions would result in greater reductions in service.
https://lao.ca.gov/Publications/Report/4646

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

Oct 27, 2021 - Hospital — Provides bridge funding for medically tailored meals — Provides accelerated enrollment for adult enrollees — Authorizes community health workers to provide Medi ‑Cal benefits — Establishes Medication Therapy Management program — Adds infant whole genome sequencing as a benefit — Support for free and charitable clinics — Ends rate reduction for complex rehabilitation
https://lao.ca.gov/Publications/Report/4448/1

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - In other cases, pausing automatic adjustments could free up resources and mitigate the need for reductions. If the Legislature wants to provide new inflation adjus tments in some areas in response to higher prices, the size of the budget problem will increase, meaning corresponding reductions to other areas also would be required.
https://lao.ca.gov/Publications/Report/4647

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - The remaining $1  million will be used to expand a free adaptive learning homework system. $10  Million for Golden State Awards. The budget provides $10  million General Fund in 2022-23 to establish the Golden State Awards program.
https://lao.ca.gov/Publications/Report/4626