California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - This UC EdBudget table and this CSU EdBudget table (both online) show all base increases, decreases, and deferrals under the budget agreement. State Sets Enrollment Growth Expectations for UC and CSU.
https://lao.ca.gov/Publications/Report/4922

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - Drew University medical education buildings — Agriculture and Natural Resources division — UC San Diego Hillcrest Medical Center — UC Riverside School of Medicine operations — Student Academic Preparation and Educational Partnerships — UC Davis Institute for Regenerative Cures — California Institutes for Science and
https://lao.ca.gov/Publications/Report/4448/1

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

May 17, 2025 - These measures require additional budget solutions to maintain budget balance and include: Partially Reversing Funding Reductions for the University of California (UC) and California State University (CSU).
https://lao.ca.gov/Publications/Report/5044

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

Oct 16, 2023 - State Sets Resident Undergraduate Enrollment Targets for UC and CSU. The state expects both UC and CSU to enroll more resident undergraduate students in 2023 ‑24. Specifically, UC is to increase resident undergraduate enrollment by 7,800 full ‑time equivalent (FTE) students (4  percent) over its 2021 ‑22 level.
https://lao.ca.gov/Publications/Report/4788

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - UC has through 2023 ‑24 to enroll these additional 4,730  FTE students. The budget also indicates that UC is to grow by a further 1  percent in 2023 ‑24, with this additional growth funded from an unrestricted General Fund base augmentation to be provided that year.
https://lao.ca.gov/Publications/Report/4616

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - The budget defers University of California (UC) and California State University (CSU) payments that otherwise would have been made in May to June or July. By shifting payments to the next fiscal year, these deferrals create one‑time savings in 2025‑26.
https://lao.ca.gov/Publications/Report/5079

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

Jan 10, 2021 - The largest one-time initiatives are $175  million each for CSU and UC, with both segments able to use the funds for deferred maintenance and UC also able to use the funds explicitly for energy efficiency projects.
https://lao.ca.gov/Publications/Report/4309

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - The Governor ’s budget increases ongoing General Fund for the California State University (CSU) and the University of California (UC) by a total of $775  million. Much  of the new spending is linked to the Governor ’s recently announced compacts with CSU and UC.
https://lao.ca.gov/Publications/Report/4492