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: Multiyear Budget Outlook

May 24, 2025 - IHSS solutions have some overlap with Medi-Cal, including terminating services for adults with unsatisfactory immigration status and reinstating the asset test. In addition, the state would lower the IHSS provider overtime cap, among other solutions.
https://lao.ca.gov/Publications/Report/5052

The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - This would allow time for schools to ramp up testing capabilities an d address other implementation issues with a smaller group of students and staff. Alternatively, the Legislature could direct resources to expanding statewide testing capacity and infrastructure that would allow schools to more easily access routine testing as a way to support school reopening.
https://lao.ca.gov/Publications/Report/4309

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - The budget package also removes the cap preventing a grantee from receiving more than 30  percent of the program ’s total grants if the grant will be used as a state match to apply for federal incentives for semiconductor research and manufacturing.
https://lao.ca.gov/Publications/Report/4814

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Enhanced Federal Match for Home ‑ and Community ‑Based Services (HCBS). The ARP also included a temporary enhanced federal match rate for HCBS funded through the Medicaid program, which reduces the state ’s share of base program costs for these services by $3 billion.
https://lao.ca.gov/Publications/Report/4472

The 2022-23 Budget: State Appropriations Limit Implications

Mar 30, 2022 - Specifically, we modeled these variables (with transformations applied in some cases) using a multivariate normal distribution, with standard deviations and covariances set to match historical levels over the last 40 years.
https://lao.ca.gov/Publications/Report/4583

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - For instance, California Advancing and Innovating Medi-Cal, a recent initiative to test new ways of delivering services, could be a focus of Medi -Cal oversight. Focusing on key elements of larger programs can provide the Legislature more detailed and practicable insight into program dynamics.
https://lao.ca.gov/Publications/Report/4983

Rethinking California's Reserve Policy

Apr 10, 2025 - That is, we aim to construct a reserve policy that has the best chance of withstanding the test of time and minimizes the need for the Legislature to ask voters to make further changes to the Constitution in a few years.
https://lao.ca.gov/Publications/Report/5028

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - For example, it requires us to project how caseload will change for means ‑tested programs, estimate how much federal funding will come to the state based on current federal policy, and make many other assessments.
https://lao.ca.gov/Publications/Report/4646