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 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - Together, these scoring differences account for the roughly $27  billion difference in our office ’s accounting of the budget problem and the administration ’s scoring. While we would maintain that our approach more accurately reflects current law, these scoring differences do not reflect substantive differences in state ’s fiscal position.
https://lao.ca.gov/Publications/Report/4902

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

Jan 10, 2021 - This would allow time for schools to ramp up testing capabilities an d address other implementation issues with a smaller group of students and staff. Alternatively, the Legislature could direct resources to expanding statewide testing capacity and infrastructure that would allow schools to more easily access routine testing as a way to support school reopening.
https://lao.ca.gov/Publications/Report/4309

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - IHSS solutions have some overlap with Medi-Cal, including terminating services for adults with unsatisfactory immigration status and reinstating the asset test. In addition, the state would lower the IHSS provider overtime cap, among other solutions.
https://lao.ca.gov/Publications/Report/5052

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - These challenges would not be short-lived either. 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 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - In addition to the 2024-25 amounts, legislation passed in April 2024 provided $22  million from the General Fund for similar activities that was scored as an amendment to the 2023-24 budget. Modifications to Previous Budget Augmentations.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - In addition to the 2024-25 amounts, legislation passed in April 2024 provided $22  million from the General Fund for similar activities that was scored as an amendment to the 2023-24 budget. Modifications to Previous Budget Augmentations.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - We understand that while the administration indicates it will provide this payment in the future—after the final calculation of the minimum funding requirement—it also has not scored this future obligation in its multiyear budget.
https://lao.ca.gov/Publications/Report/4951

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - After accounting for a 5.35 percent statutory cost ‑of ‑living adjustment (COLA), deposits into the Proposition 98 reserve, and various other adjustments, we estimate the Legislature has $9.5 billion in ongoing funds available for allocation in 2022 ‑23.
https://lao.ca.gov/Publications/Report/4472