The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - The final budget reflects a Medi ‑Cal maneuver of $4.4  billion. Special Fund Loans ($2.1   Billion). The spending plan includes loans from special funds, which compared to other actions in this section, are a more traditional form of borrowing used to help balance the budget.
https://lao.ca.gov/Publications/Report/5079

Overview of the Legislative Budget Plan [Publication Details]

Jun 15, 2026 - 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. Choose your language:
https://lao.ca.gov/Publications/Detail/5190

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

Nov 15, 2024 - Our approach reflects that, in part, we believe humility is always an important virtue in fiscal and revenue forecasting. Finally —and briefly —while numerous states employ various consensus revenue estimating methods, the research is ambiguous as to whether they yield more accurate results.
https://lao.ca.gov/Publications/Report/4938

The 2026-27 Budget: Initial Comments on the Governor's May Revision

May 18, 2026 - 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. Choose your language:
https://lao.ca.gov/Publications/Report/5187/3

The 2026-27 May Revision: LAO Analyses [Publication Details]

May 18, 2026 - 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. Choose your language:
https://lao.ca.gov/Publications/Detail/5186

The 2026-27 Budget: Initial Comments on the Governor's May Revision

May 18, 2026 - 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. Choose your language:
https://lao.ca.gov/Publications/Report/5187

The 2026-27 Budget: Initial Comments on the Governor's May Revision [Publication Details]

May 18, 2026 - 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. Choose your language:
https://lao.ca.gov/Publications/Detail/5187

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

Jan 12, 2026 - Finally, deficits have persisted even as the state ’s economy and revenues have grown, underscoring that the problem is structural rather than cyclical. Taken together, these trends raise serious concerns about the state ’s fiscal sustainability.
https://lao.ca.gov/Publications/Report/5101

Understanding $100 Billion in Spending Growth: Causes and Fiscal Implications [Publication Details]

Apr 28, 2026 - 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. Choose your language:
https://lao.ca.gov/Publications/Detail/5176

Understanding $100 Billion in Spending Growth: Causes and Fiscal Implications

Apr 28, 2026 - For community colleges, expansions include increases beyond inflation in general purpose funding, along with new and expanded categorical programs for purposes such as basic needs centers, student financial aid, and part ‑time faculty health insurance.
https://lao.ca.gov/Publications/Report/5176