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 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - Similar to other forms of borrowing, undoing these deferrals in the future (and reverting payments to their typical schedule) will require the state to provide one‑time back payments to the universities.
https://lao.ca.gov/Publications/Report/5079

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - New State Lithium Tax and Ban on Local Lithium Taxes. The spending plan includes various policy changes related to lithium extraction and processing. Most notably, it levies a new state excise tax on lithium extraction.
https://lao.ca.gov/Publications/Report/4626

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

Oct 16, 2023 - Modifies Family Fee Schedule. During the COVID ‑19 pandemic, the federal government allowed states to temporarily waive family fees in child care programs. The state waived family fees in both the child care and State Preschool programs, with the fees scheduled to return July 1, 2023.
https://lao.ca.gov/Publications/Report/4788

The 2022-23 Budget: Medi-Cal Fiscal Outlook

Nov 17, 2021 - Under current state law, the MCO tax is scheduled to expire in December 2022. Our projections assume the MCO tax expires at the scheduled date and is not reauthorized, resulting in higher annual General Fund costs in Medi ‑Cal that reach nearly $1.7 billion by 2024 ‑25.
https://lao.ca.gov/Publications/Report/4474

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

Nov 17, 2021 - In 2022 ‑23, however, the state is scheduled to return to its longstanding policy and will credit districts with the higher of their attendance in 2021 ‑22 or 2022 ‑23. This policy means that districts could experience funding declines based on lower attendance in 2021 ‑22, but only to the extent those reductions continue in 2022 ‑23.
https://lao.ca.gov/Publications/Report/4473

The 2021-22 Budget: The Governor’s Suspension Proposal

Jan 29, 2021 - Figure 2 Programs or Augmentations Subject to Suspension and Proposed in Governor ’s Budget Program Use of Proposition  56 revenues for provider payment increases X Continued restoration of 7  percent service hour reduction X Extension of coverage for postpartum mental health X Non ‑enforcement of uniform holiday schedule policy X Funding for Family Urgent Response
https://lao.ca.gov/Publications/Report/4328

Rethinking California's Reserve Policy

Apr 10, 2025 - As such, we suggest the Legislature ask the voters to authorize a scheduled, phased‑in increase: 20 percent to take effect immediately after the next statewide election, 25 percent in 2030, and increasing by 5 percent every five years until the cap reaches a maximum of 50 percent in 2055.
https://lao.ca.gov/Publications/Report/5028

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

Oct 27, 2021 - Beginning in 2021 ‑22, schools and community colleges will receive all of their funding according to the regular monthly payment schedule. The budget allocates the remaining funds for significant one ‑time and ongoing program increases.
https://lao.ca.gov/Publications/Report/4448