The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Moreover, we estimate costs in other programs to be about $6  billion higher than anticipated. Starting in 2027 ‑28, we estimate structural deficits to grow to about $35  billion annually due to spending growth continuing to outstrip revenue growth.
https://lao.ca.gov/Publications/Report/5091

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 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Consistent with this recent trend, under our main forecast, we estimate tax revenues (and transfers) are higher by nearly $28 billion across 2020‑21 and 2021‑22 compared to budget act estimates. (For more information about our revenue forecast, see: 2022‑23 Fiscal Outlook Revenue Estimates. ) Higher Spending on Schools and Community Colleges by $11 Billion.
https://lao.ca.gov/Publications/Report/4472

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

Apr 19, 2023 - Revenues increased by nearly 30 percent in 2020-21 and another 20 percent in 2021-22. In the course of allocating the historically large surpluses generated by the revenue surge, General Fund spending increased commensurately.
https://lao.ca.gov/Publications/Report/4762

The 2023-24 Budget: Initial Comments on the Governor's May Revision

May 15, 2023 - (The total also includes about $1  billion in revenue adjustments attributable to 2020 ‑21 and earlier.) This increases the size of the budget problem. Constitutional Requirements Lower by $2.7 Billion.
https://lao.ca.gov/Publications/Report/4769

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

Oct 27, 2021 - Under the June 2021 b udget plan, the total required deposit is $4. 5 b illion —$1. 9 b illion in 2020 ‑21 and $2. 6 b illion in 2021 ‑22. The largest discretionary allocation of Proposition 98 funding is $12. 5 b illion to pay down the deferrals the state adopted as part of the June 2020 b udget plan.
https://lao.ca.gov/Publications/Report/4448

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget reflects $14.5  million in General Fund reductions in 2024-25 (declining to $1.6  million in 2027-28 and ongoing). Most notably, this includes a reduction of $11.7  million in 2024-25 and $11.6  million in 2025-26 for electric vehicle service equipment.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget reflects $14.5  million in General Fund reductions in 2024-25 (declining to $1.6  million in 2027-28 and ongoing). Most notably, this includes a reduction of $11.7  million in 2024-25 and $11.6  million in 2025-26 for electric vehicle service equipment.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

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

Jan 12, 2026 - The  Governor ’s budget also includes some proposals that provide savings in future years (that is, in 2027 ‑28 and after). This includes proposals to: (1)  remove the state ’s share of costs associated with growth in IHSS hours per case, which we estimate could save $650  million by 2029 ‑30 (if hours continue to grow at their current rates); (2)  make an ongoing reduction to
https://lao.ca.gov/Publications/Report/5101

The 2023-24 Budget: Multiyear Assessment

Feb 15, 2023 - After accounting for proposed budget solutions, the administration estimates the state has $15.2  billion in one ‑time or temporary spending scheduled for 2023 ‑24, $9.3  billion in 2024 ‑25, and $6  billion in 2025 ‑26.
https://lao.ca.gov/Publications/Report/4687