The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Compared with the estimates included in the June 2021 budget plan, the estimates of the guarantee under our main outlook are up $1.8  billion (2 percent) in 2020 ‑21 and $8.9 billion (9.5 percent) in 2021 ‑22.
https://lao.ca.gov/Publications/Report/4472

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

Jan 13, 2024 - The 2024-25 Budget: Overview of the Governor's Budget $3,135 $4,677 BCH = Secretary for Business, Consumer Services, and Housing Agency; HHAPP = Homeless Housing, Assistance, and Prevention Program; FHC = Family Homelessness Challenge Grants; BSCC  =  Board of State and Community Corrections; CalFire = California Department of Forestry and Fire Protection; CalRecycle = California Department of
https://lao.ca.gov/Publications/Report/4825/1

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - In this section, we first present our estimates of the budget problem the Legislature addressed in the 2025 ‑26 budget package, focusing on the three ‑year budget window under consideration: 2023 ‑24 through 2025 ‑26.
https://lao.ca.gov/Publications/Report/5079

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

Oct 16, 2023 - Under the adopted budget plan, the state deposits a total of $7.5  billion into this account across the 2021 ‑22 through 2023 ‑24 period —an increase of $1.3  billion compared with the estimates made in June 2022.
https://lao.ca.gov/Publications/Report/4788

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - The state solved a $27  billion deficit in 2023 ‑24, a $55  billion deficit in 2024 ‑25, and a $15  billion deficit in 2025 ‑26 (in addition to roughly $28  billion in proactive budget ‑balancing actions taken the year before).
https://lao.ca.gov/Publications/Report/5091

The 2023-24 Budget: Multiyear Assessment

Feb 15, 2023 - The 2023-24 Budget: Multiyear Assessment Summary Budget Problem Likely Larger in May. Due to a deteriorating revenue picture relative to expectations from June 2022, both our office and the administration anticipate the state faces a budget problem in 2023 ‑24.
https://lao.ca.gov/Publications/Report/4687

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - Under the adopted budget plan, the state deposits a total of $9.5  billion into this account across the 2020 ‑21 through 2022 ‑23 period —an increase of $4.5  billion compared with the estimates made in June 2021.
https://lao.ca.gov/Publications/Report/4616

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - Due to a deteriorating revenue picture relative to expectations from June  2022, both our office and the administration have anticipated the state faces a budget problem in  2023 ‑24. What Is the Budget Problem?
https://lao.ca.gov/Publications/Report/4662

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

Jan 13, 2025 - Significant Changes to Solutions From June 2024 Budget Package Managed Care Organization (MCO) Tax Package. Some of the largest budget solutions in the June budget package involved the MCO tax, a tax on health plans that supports the Medi ‑Cal program.
https://lao.ca.gov/Publications/Report/4951

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

May 15, 2023 - Due to a deteriorating revenue picture relative to expectations from June 2022, both our office and the administration have anticipated the state faces a budget problem in t he 2023 ‑24 budget process.
https://lao.ca.gov/Publications/Report/4769