The 2026-27 Budget: Higher Education Overview

Feb 5, 2026 - As discussed in The 2026‑27 Budget: Overview of the Governor’s Budget , the administration’s revenue estimates over the budget window are $42 billion higher than previous budget‑act assumptions and almost $30 billion higher than our November 2025 estimates.
https://lao.ca.gov/Publications/Report/5112

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - In  the budget window, for example, the administration proposes: (1)  reverting $71  million in unused EDDNext project funding early, and (2)  modifying In ‑Home Supportive Services (IHSS) eligibility to align with Medi ‑Cal, which provides $86  million in savings).
https://lao.ca.gov/Publications/Report/5101

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - The budget ’s bottom line is the accumulated change in General Fund revenues and spending across the three fiscal years in the budget window —2024 ‑25, 2025 ‑26, and 2026 ‑ 27 —and reflected in the ending balance in the Special Fund for Economic Uncertainties in  2026 ‑27.
https://lao.ca.gov/Publications/Report/5091

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - In this section, we first present our estimates of the budget problem the Legislature addressed in the 2025 ‑26 budget package, focusing on the three ‑year budget window under consideration: 2023 ‑24 through 2025 ‑26.
https://lao.ca.gov/Publications/Report/5079

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - Across the budget window (2023-24 to 2025-26), we estimate the budget condition improves by nearly $2  billion relative to the administration ’s projections. This modest improvement reflects our somewhat higher revenue estimates, partially offset by slightly higher projected spending.
https://lao.ca.gov/Publications/Report/5052

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

May 17, 2025 - We define a delay as a proposal that reduces expenditures within the budget window (2023 ‑24 through 2025 ‑26) but shifts those costs to a future year in the multiyear period (2026 ‑27 through 2028 ‑29).
https://lao.ca.gov/Publications/Report/5044

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - Meanwhile, revenue growth over the outlook window is just above 4  percent —this is lower than its historical average largely due to policy choices, namely the limitations on deductions and credits that end during the forecast window.
https://lao.ca.gov/Publications/Report/4983

Five Guidelines for Using Revenue Forecasts [EconTax Blog]

Feb 20, 2025 - When DOF ’s forecast for the budget window is within $10 billion of ours at May Revision (or $15 billion at the January budget release), decision makers should tend to view it as reasonable. Only when our forecasts differ by more than this would we suggest decision makers consider raising questions about the reasonableness of the administration ’s forecast.
https://lao.ca.gov/LAOEconTax/article/Detail/822

Five Guidelines for Using Revenue Forecasts [EconTax Blog]

Feb 20, 2025 - When DOF ’s forecast for the budget window is within $10 billion of ours at May Revision (or $15 billion at the January budget release), decision makers should tend to view it as reasonable. Only when our forecasts differ by more than this would we suggest decision makers consider raising questions about the reasonableness of the administration ’s forecast.
https://lao.ca.gov/LAOEconTax/Article/Detail/822

Building California’s Behavioral Health Infrastructure: Progress Update and Opportunities for the Proposition 1 Bond

Feb 5, 2025 - The administration is working quickly to allocate the first $3.3  billion of Proposition  1 bond dollars in May 2025, leaving a brief window in which to assess program outcomes achieved with the initial $1.8  billion and consider whether any changes in program administration are merited.
https://lao.ca.gov/Publications/Report/4954