The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - The 2026-27 Budget: California's Fiscal Outlook Executive Summary Not Safe to Bet Artificial Intelligence ( AI) Fueled Exuberance Is Sustainable. Both the California and U.S. economies currently face significant headwinds.
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 2025-26 Budget: California Spending Plan Series [Publication Details]

Oct 16, 2025 - The 2025-26 Budget: California Spending Plan Series [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5105

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - In addition to this report, we will release a series of issue ‑specific, online posts that give more detail on the major actions in the budget package. The Budget Problem For the third year in a row, the state faced a budget problem, or deficit.
https://lao.ca.gov/Publications/Report/5079

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - This post discusses features of the state's spending plan that were not covered elsewhere in the 2024-25 Spending Plan series.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - This post discusses features of the state's spending plan that were not covered elsewhere in the 2024-25 Spending Plan series.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - This post discusses features of the state's spending plan that were not covered elsewhere in the 2023-24 Spending Plan series.
https://lao.ca.gov/Publications/Report/4814

Rethinking California's Reserve Policy

Apr 10, 2025 - In an unfavorable scenario, for example, the state could face a series of more moderately sized recessions in close proximity to one another. Or,  in a very unfavorable scenario, the state could encounter three Great Recessions over the course of five decades.
https://lao.ca.gov/Publications/Report/5028

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - This post discusses features of the state's spending plan that were not covered elsewhere in the 2022-23 Spending Plan series.
https://lao.ca.gov/Publications/Report/4626

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - We discuss these and other actions in more detail in a series of online publications. K‑14 Education Funds Modest COLA and a Few Smaller Augmentations. The state calculates the statutory COLA each year based on a price index published by the federal government.
https://lao.ca.gov/Publications/Report/4922