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 2026-27 Budget: Overview of the Governor's Budget [Publication Details]

Jan 12, 2026 - On January 9, 2026, Governor Newsom’s administration presented its proposed state budget to the California Legislature. In this report, we provide a high-level summary and our initial analysis of the Governor’s budget based on our preliminary review (as of January 10). Assembly Budget Handout (PDF) Senate Budget and Fiscal Review Handout (PDF)
https://lao.ca.gov/Publications/Detail/5101

The 2025-26 Budget: California Spending Plan Series [Publication Details]

Oct 16, 2025 - Each year, our office publishes California Spending Plan, a series of publications that summarize the annual state budget. The flagship report of this series, Overview of the Spending Plan, is presented here along with short online posts that focus on major areas and features of the 2025-26 budget package. As the posts become available, we will add them below.
https://lao.ca.gov/Publications/Detail/5105

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - This  is not a prediction of what will happen —state and federal laws and policies will change in the coming years —but rather serves as a baseline to help the Legislature understand its starting place.
https://lao.ca.gov/Publications/Report/5091

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - Chapter 53 of 2023 (SB 124, Committee on Budget and Fiscal Review) Green Bank Financing. Authorizes I ‑Bank to spend future federal funding that the state might receive through the Climate Catalyst Revolving Loan Fund program.
https://lao.ca.gov/Publications/Report/4814

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - In his 2021 book, The Resilient Society , Princeton University economist Markus Brunnermeier argues that for governments, being frugal in good times is what provides extra spending capacity —resilience —in bad times.
https://lao.ca.gov/Publications/Report/4762

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

Oct 27, 2021 - Human Services: Discretionary Spending Proposals in the 2021 ‑22 Budget Package General Fund (In Millions) Expand APS to older adults aged 60 and over and enhance services — Fund county costs associated with CalFresh simplifcations — Augment CFAP monthly benefits to their maximum per household size $24 Expand CFAP benefits to some previously ineligible immigrants — Augment CFAP benefits by 15
https://lao.ca.gov/Publications/Report/4448/1

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

Oct 16, 2023 - CalFire = California Department of Forestry and Fire Protection; CARB = California Air Resources Board; FARMER = Funding Agricultural Replacement Measures for Emission Reductions; CEC = California Energy Commission; Go ‑Biz = Governor ’s Office of Business and Economic Development; DOC = Department of Conservation; DTSC = Department of Toxic Substances Control; DWR = Department of Water
https://lao.ca.gov/Publications/Report/4788/4

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - The Internet obviously has been a transformative innovation for society and the economy, but early on, financial markets valued dot-com and Internet firms above what their revenue-generating capacity warranted at the time.
https://lao.ca.gov/Publications/Report/5104

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Under Section 20683.2 of the Government Code pertaining to CalPERS, any savings that otherwise would have been realized by the state employer as a result of employees contributing more towards their pensions is, instead, directed towards paying down the unfunded liabilities.
https://lao.ca.gov/Publications/Report/4887