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

Jan 10, 2021 - The Governor proposes to pay down $8.4  billion of this amount, with districts receiving the associated cash in 2021 ‑22. Slightly more than $4  billion would remain deferred from 2021 ‑22 to 2022 ‑23.
https://lao.ca.gov/Publications/Report/4309

The 2021-22 Budget: The Governor’s Proposition 2 Proposals

Apr 26, 2021 - The 2021-22 Budget: The Governor’s Proposition 2 Proposals The Governor ’s Proposition  2 Proposals Introduction Passed by voters in 2014, Proposition  2 changed budgeting practices concerning: (1)  reserves and (2)  debt payments.
https://lao.ca.gov/Publications/Report/4418

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - California’s Strong Revenue Trends Mask Looming Budget Risk January 23, 2026 Tweet Gabriel PetekLegislative Analyst History suggests that fiscal risks can build during times when they are easiest to ignore.
https://lao.ca.gov/Publications/Report/5104

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Proposition 2 Proposition   2 Contains Annual Debt Payment Requirement. Proposition  2 created new rules regarding: (1)  deposits into the state ’s rainy ‑day fund and (2)  accelerating payments toward certain eligible debts.
https://lao.ca.gov/Publications/Report/4887

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - The June 2021 budget plan established a plan to expand eligibility for transitional kindergarten beginning in 2022 ‑23. Under the plan, all four ‑year old children will be eligible by 2025 ‑26. (Previously, only children born between September 2 and December 2 were eligible.)
https://lao.ca.gov/Publications/Report/4616

The 2022-23 Budget: Medi-Cal Fiscal Outlook

Nov 17, 2021 - Compared to 2022 ‑23, we project annual General Fund costs to be about $2 billion lower in 2023 ‑24 and beyond due to the expiration of various limited ‑term budget act discretionary augmentations in Medi ‑Cal.
https://lao.ca.gov/Publications/Report/4474

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

Apr 19, 2023 - Other downturns, such as the 2001 so-called dot-com recession, had severe fiscal implications while inflicting somewhat milder economic damage. The 2008 Great Recession had brutal effects on both the state ’s economy and budget.
https://lao.ca.gov/Publications/Report/4762

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Our estimate of a $31 billion surplus for 2022 ‑23 includes: (1) the enacted SFEU balance from 2021 ‑22 ($4 billion) and (2) the $3.3 billion planned for transportation, but which reverted to the General Fund.
https://lao.ca.gov/Publications/Report/4472

The 2022-23 California Spending Plan: The State Appropriations Limit

Sep 30, 2022 - We understand the CERF includes direct COVID-19 response expenditures of $1.9  billion in 2021-22 and $2.5  billion in 2022-23, nearly $2  billion in emergency rental relief assistance (in 2021-22), just over $1  billion for healthcare worker retention payments (in 2021-22), $1.2  billion for energy utility
https://lao.ca.gov/Publications/Report/4631

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

Oct 16, 2023 - Appendix 4, Figure 2 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Education General Fund (In millions) Provides state share for school construction projects 1,961 Construction and renovation of TK, State Preschool, and full ‑day kindergarten facilities — Note: Includes augmentations above $50 million.
https://lao.ca.gov/Publications/Report/4788/4