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: How to Use One-Time Revenue Improvements [Publication Details]

Feb 20, 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/5133

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Most of these gains come from the meteoric rise in the value of a handful of tech companies that investors believe will be major beneficiaries of recent advances in AI. These companies have made big bets on AI, spending hundreds of billions of dollars on data centers and offering extraordinary pay packages to recruit AI researchers.
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 2022-23 Budget: State Appropriations Limit Implications

Mar 30, 2022 - The  Legislature would not get the same benefit if it rejects these proposals and then spends the funds on excluded purposes because such an action would not help it meet these future  requirements. Delay SAL ‑Required Payments State Also Can Ease Some Short ‑Term Pressure by Pushing Out Payments … Another way the state can manage this risk in the short term is by delaying when SAL requirements are paid.
https://lao.ca.gov/Publications/Report/4583

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - How the Spending Plan Addresses the Budget Problem The state has several types of solutions —or options —for addressing a budget problem, but the most important include: reserve withdrawals, spending reductions, revenue increases, and borrowing (for example, loaning money from other funds to the General Fund).
https://lao.ca.gov/Publications/Report/5079

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - A supplemental pension payment can benefit an employer over the short ‑ or long ‑term, depending on how the payment is applied to the employer ’s unfunded liability. Often, actuaries amortize a new unfunded liability over decades.
https://lao.ca.gov/Publications/Report/4887

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

May 17, 2025 - The lower debt payments reflect weaker projected revenues in 2025 ‑26, which reduce constitutionally required transfers. How Does the Governor Propose Addressing the Budget Problem? Figure  1 summarizes the budget solutions described in this section.
https://lao.ca.gov/Publications/Report/5044

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

Feb 4, 2022 - Excess Revenues Must Be Allocated to School Payments and Taxpayer Rebates. The Legislature could meet any remaining SAL  requirements by splitting excess revenues between taxpayer rebates and payments to schools and community colleges The Constitution gives the state two years to make these payments, and so the costs could be funded in the 2023 ‑24 budget.
https://lao.ca.gov/Publications/Report/4515

Flexible Funding to California in the American Rescue Plan

Mar 23, 2021 - First, state and local governments are prohibited from using the funds to make supplemental pension payments. Second, the state cannot use the funds to directly or indirectly offset a reduction in the net tax revenue of the state through a change in law, regulation, or administrative interpretation.
https://lao.ca.gov/Publications/Report/4407