The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - Proposition  2 requires the state to make annual deposits into the Budget Stabilization Account (BSA), with amounts generally increasing when revenues —particularly those from capital gains —are higher.
https://lao.ca.gov/Publications/Report/5101

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Most of these gains come from the meteoric rise in the value of a handful of tech companies that investors believe will be major beneficiaries of recent advances in AI. These companies have made big bets on AI, spending hundreds of billions of dollars on data centers and offering extraordinary pay packages to recruit AI researchers.
https://lao.ca.gov/Publications/Report/5091

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - This includes (1) $45  million from the Prepare California community hardening grant program, (2) $21  million from a gun buyback program, (3) $15  million from the Seismic Retrofitting Program for Soft Story Multifamily Housing, and (4) $12  million from the California Wildfire Mitigation home hardening program.
https://lao.ca.gov/Publications/Report/4922

Flexible Funding to California in the American Rescue Plan

Mar 23, 2021 - First, state and local governments are prohibited from using the funds to make supplemental pension payments. Second, the state cannot use the funds to directly or indirectly offset a reduction in the net tax revenue of the state through a change in law, regulation, or administrative interpretation.
https://lao.ca.gov/Publications/Report/4407

The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - In the case of tiny homes, there is an argument that if the tiny homes are part of a single plot of land or single development they —as a group —could be excludable. If the homes were scattered throughout a city, however, we think the argument is more tenuous.
https://lao.ca.gov/Publications/Report/4547

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

Jan 13, 2025 - The reason for the reduction is the recent voter approval of Proposition  35 (2024), which requires the state to spend less MCO tax money on offsetting General Fund spending and more money on provider rate increases.
https://lao.ca.gov/Publications/Report/4951

The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal

Feb 4, 2022 - Setting aside the money now will ensure the state has the resources to pay for these obligations. Recommend the Legislature Make a Plan Before the May Revision for Addressing the Requirements. Regardless of which approach the Legislature decides to pursue, given the complexity of this budget situation, the high likelihood SAL requirements will increase, and the
https://lao.ca.gov/Publications/Report/4515

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - The budget redirects the loaned funds to make the required $306  million interest payment on the state ’s outstanding federal UI loan. (Except for two years during the Great Recession when the state also borrowed from the disability program, the state has used the General Fund to make these interest payments.)
https://lao.ca.gov/Publications/Report/4814

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 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - How the Spending Plan Addresses the Budget Problem The state has several types of solutions —or options —for addressing a budget problem, but the most important include: reserve withdrawals, spending reductions, revenue increases, and borrowing (for example, loaning money from other funds to the General Fund).
https://lao.ca.gov/Publications/Report/5079