Rethinking California's Reserve Policy

Apr 10, 2025 - (In fact, Figure  7 likely overstates California ’s reserve balances compared to other states because the data appears to include the SFEU in the state ’s rainy day fund balances, although it is not a true rainy day fund.)
https://lao.ca.gov/Publications/Report/5028

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - This year, for example, our outlook reflects our best estimates of the effects of H.R. 1: One Big Beautiful Bill Act on the state budget but does not make assumptions about future federal policy changes.
https://lao.ca.gov/Publications/Report/5091

Rethinking California's Reserve Policy [Publication Details]

Apr 10, 2025 - Reserves allow the state to ensure stable funding for its services over time, even when revenue fluctuates unpredictably. Over the last few years, the state has indeed experienced significant fluctuations—large surpluses followed by significant deficits. This volatility has prompted interest in changes to the state’s reserve policy.
https://lao.ca.gov/Publications/Detail/5028

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 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - In this publication we: provide an overview of the 2025 ‑26 budget package, give a brief description of how the budget process unfolded, and then highlight the major features of the budget approved by the Legislature and signed by the Governor.
https://lao.ca.gov/Publications/Report/5079

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

Oct 27, 2021 - Health The spending plan provides a total of $3. 8 b illion in new, discretionary General Fund monies in 2021 ‑22, of which $ 1 b illion is ongoing, for health ‑related programs. Below, we highlight some of the major changes.
https://lao.ca.gov/Publications/Report/4448

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: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - On October 1, 2023, the family fee schedule must be reinstated in child care programs. Prior to the COVID ‑19 pandemic, families making at least 40  percent of the state median income were required to pay a fee (varying from about 1  percent to 10  percent of family income) for child care and full ‑day State Preschool services.
https://lao.ca.gov/Publications/Report/4788

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - As shown in Figure  1, our estimates are broadly consistent with those of the administration. Both our office and the Department of Finance (DOF) project operating deficits ranging from $10  billion to $20  billion over the multiyear period.
https://lao.ca.gov/Publications/Report/5052

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - Appendix 4, Figure 2 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Education General Fund (In millions) Provides state share for school construction projects 1,961 Construction and renovation of TK, State Preschool, and full ‑day kindergarten facilities — Note: Includes augmentations above $50 million.
https://lao.ca.gov/Publications/Report/4788/4