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

Jan 13, 2025 - The underlying budget dynamics today are particularly challenging for three reasons. First, revenues have not caught up with expenditures. Second, under our estimates, expenditure growth exceeds estimated revenue growth.
https://lao.ca.gov/Publications/Report/4951

The 2023-24 Budget: Child Care Proposals

Feb 9, 2023 - Forgo the COLA and Score General Fund Savings in Light of Broader Budget Problem. To the extent the projected budget problem is worse in the May Revision, the Legislature could forgo using the $303  million in COLA ‑related funds to reduce total program  expenditures.
https://lao.ca.gov/Publications/Report/4672

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

Jan 13, 2023 - (That is, in our view, these costs would not have occurred absent legislative action and as a result do not contribute to the budget problem the Legislature faces today.) Comparison to LAO November Outlook.
https://lao.ca.gov/Publications/Report/4662