The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - However, the 2020 ‑21 budget allocated more than $7  billion in state and federal funds to address COVID-19-related costs and mitigate learning loss. Recent federal legislation —approved shortly before the release of the Governor ’s budget —is likely to provide a similar amount of one-time funding in 2021 ‑22.
https://lao.ca.gov/Publications/Report/4309

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

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

Oct 27, 2021 - Under the June 2021 b udget plan, the total required deposit is $4. 5 b illion —$1. 9 b illion in 2020 ‑21 and $2. 6 b illion in 2021 ‑22. The largest discretionary allocation of Proposition 98 funding is $12. 5 b illion to pay down the deferrals the state adopted as part of the June 2020 b udget plan.
https://lao.ca.gov/Publications/Report/4448

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Other downturns, such as the 2001 so-called dot-com recession, had severe fiscal implications while inflicting somewhat milder economic damage. The 2008 Great Recession had brutal effects on both the state ’s economy and budget.
https://lao.ca.gov/Publications/Report/4762

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

Oct 16, 2023 - Appendix 4, Figure 5 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Other General Fund (In millions) Broadband infrastructure —last ‑mile projects $253 Broadband infrastructure —Broadband Loan Loss Reserve Fund 175 Establish new office of public outreach 65 Note: Includes augmentations above $50 million CPUC = California Public Utilities Commission and OPR = Office of Planning and Research.
https://lao.ca.gov/Publications/Report/4788/4

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - Put another way, $12  billion  of spending in the May Revision is attributable to reserve withdrawals and borrowing from 2020 (see Figure  7). Figure 7 Governor Still Uses Budget Solutions Despite Historic Revenue Growth Budget Solutions From 2020 Maintained in 2021 May Revision (In Billions) Reserve Withdrawals Make Budget Stabilization Account withdrawal $7.8 Make Safety Net Reserve withdrawal 0.5
https://lao.ca.gov/Publications/Report/4432

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

Nov 17, 2021 - We also explored a variant of our main forecast in which the minimum guarantee is unchanged but the statutory COLA is 5 percent per year from 2023 ‑24 through 2025 ‑26. Baseline costs grow more quickly in this scenario, reducing the amount available for new commitments to about $7 billion in 2023 ‑24 and about $9 billion in 2025 ‑26.
https://lao.ca.gov/Publications/Report/4473

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - This is about $5  billion larger than the budget problem anticipated by the administration in June. Figure  3 provides our estimates of the General Fund condition, including our estimate of the budget problem.
https://lao.ca.gov/Publications/Report/5091

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Other Spending Lower by $5 Billion. Across the rest of the budget, our estimate of costs in 2020 ‑21 and 2021 ‑22 are lower than budget act estimates by about $5 billion. There are many factors contributing to these savings, but two major ones.
https://lao.ca.gov/Publications/Report/4472

The State Appropriations Limit

Apr 21, 2021 - Overall state population growth has averaged 0. 7  p ercent over the last decade, compared to 1. 3  p ercent in the 1990s. How Might the SAL Limit State Spending Growth? In the Budget Year State Has Diminished Room From 2018 ‑ 19 t o 2021 ‑22.
https://lao.ca.gov/Publications/Report/4416