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 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 Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - As such, there are many types of properties that clearly meet this definition, including: buildings (such as houses, office buildings, and school buildings), land (including undeveloped land, such as parks), highways, roads, and bridges.
https://lao.ca.gov/Publications/Report/4547

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - The state ’s Labor and Workforce Development Agency oversees these entities and works to set policy and coordinate programs. Key Budget Actions Borrows From Disability Insurance Program to Pay Federal UI Loan Interest.
https://lao.ca.gov/Publications/Report/4814

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - Through that control section language, the Department of Finance (DOF) is authorized to collectively transfer $1.5  billion from various special funds to the General Fund during the 2025 ‑26 year. As of this writing, DOF is still working on identifying the list of those funds to borrow from to achieve this target.
https://lao.ca.gov/Publications/Report/5079

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - That said, the Legislature could allocate the mix of solutions differently, for example, by changing the types of programs, types of reductions, or mix of spending and revenue solutions adopted. Introduction On May 14, 2025, Governor Newsom presented a revised state budget proposal to the Legislature.
https://lao.ca.gov/Publications/Report/5044

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

May 17, 2021 - The 2021-22 Budget: Initial Comments on the Governor’s May Revision $2,099 $510 Note: This reflects our best understanding as of May 15, 2021; however, we are still receiving information from the administration about these proposals.
https://lao.ca.gov/Publications/Report/4432/5

Flexible Funding to California in the American Rescue Plan

Mar 23, 2021 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/4407

New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - These factors weigh on the value of riskier assets, like home and stock prices. Historically, the reduction in spending by consumers and businesses resulting from higher interest rates is effective at easing the upward pressure on wages and prices.
https://lao.ca.gov/Publications/Report/4653

The 2022-23 California Spending Plan: The State Appropriations Limit

Sep 30, 2022 - While previous spending plans did not characterize IT expenditures as excludable from the SAL, the administration now identifies some specific IT expenditures as a type of capital outlay, and therefore excludable.
https://lao.ca.gov/Publications/Report/4631