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 2021-22 California Spending Plan: The State Appropriations Limit

Aug 30, 2021 - Second, the budget made the Golden State Stimulus payments an emergency expenditure, which is excluded from the SA L (described below). Third, the budget shifted some capital outlay spending from federal funds (specifically, American Rescue Plan fiscal relief funds) to General Fund, increasing room under the limit.
https://lao.ca.gov/Publications/Report/4449

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - The June 2021 budget plan sets forth a schedule to expand this program to all four ‑year olds over a four ‑year period, beginning in 2022 ‑23. The Legislature and Governor also agreed to adjust the guarantee to cover the associated costs.
https://lao.ca.gov/Publications/Report/4472

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 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 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - Although caseloads under the Governor’s budget are higher than anticipated in June, economic conditions likely do not yet match what the Legislature envisioned when it created the reserve. Moreover, the administration proposes ongoing reductions to CalWORKs despite withdrawing these reserves.
https://lao.ca.gov/Publications/Report/4825

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

May 15, 2023 - (In this figure and throughout the report, some of the estimates cited here for the Governor ’s budget might not match estimates provided in our Overview of the Governor ’s Budget , published in January.
https://lao.ca.gov/Publications/Report/4769