The 2026-27 Budget: How to Use One-Time Revenue Improvements

Feb 20, 2026 - In addition, recent budgets have relied on nearly $30  billion in borrowing to address deficits, and the Governor ’s budget proposes almost $6  billion in additional borrowing (see Figure  1). A period of strong revenue growth is not an appropriate time to draw down significant reserves or continue to rely on borrowing.
https://lao.ca.gov/Publications/Report/5133

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

May 17, 2024 - Spending-related solutions (including both school and community college spending and other spending) total $48  billion and represent nearly 90  percent of the total solutions. Spending-related solutions include reductions, fund shifts, delays, and reversions.
https://lao.ca.gov/Publications/Report/4902

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - There are two key, partially offsetting, reasons for this roughly $6  billion difference: Lower Revenues. Across the budget window (2021 ‑22 through 2023 ‑24), our revenue projections are $11  billion lower than the administration ’s estimates.
https://lao.ca.gov/Publications/Report/4772

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - This would have the effect of reducing state General Fund costs by about $90  million to $100  million in 2024 ‑25. Maximizing Savings in the Multiyear The main benefit of this alternative is that it would help address the state ’s multiyear deficits.
https://lao.ca.gov/Publications/Report/4887

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - Chapter  878 of 2022 (SB  951, Durazo) increases the weekly benefit amount for the state ’s PFL and DI programs to 70  percent of recent wages for most workers and to 90  percent of recent wages for lower-income workers.
https://lao.ca.gov/Publications/Report/4626

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

May 17, 2025 - Revenues for prior and current years are up a total of $6  billion, primarily reflecting stronger ‑than ‑expect personal income tax collections which are running $4  billion ahead of prior projections as of April.
https://lao.ca.gov/Publications/Report/5044

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget includes a reversion of $50  million from the fund ’s 2023-24 allocation. Reverts Funds From the Climate Catalyst Revolving Loan Fund. The budget reverts $6  million from 2021-22 related to financing for wildfire and forest resilience projects.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget includes a reversion of $50  million from the fund ’s 2023-24 allocation. Reverts Funds From the Climate Catalyst Revolving Loan Fund. The budget reverts $6  million from 2021-22 related to financing for wildfire and forest resilience projects.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

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

Oct 16, 2023 - The budget package includes $2.7 billion in one time funds from various state and federal fund sources to support the following: (1) monthly rate supplement payments to providers based on region and number of enrolled children from January 1, 2024 through June 30, 2025; (2) a one-time provider lump-sum transitional payment; (3) a narrower definition of part-time care; (4) exten sion of COVID-19
https://lao.ca.gov/Publications/Report/4788