The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - In considering the state ’s 2022 ‑23 SAL estimates, we anticipate the state ’s SAL position in 2023 ‑24 to be a major consideration in the budget process and enactment. Our estimates for the state ’s SAL position across the budget window are also shown in the insert in Figure 6.
https://lao.ca.gov/Publications/Report/4472

The 2022-23 Budget: California’s Fiscal Outlook [Publication Details]

Nov 17, 2021 - Our annual Fiscal Outlook publication gives our office’s independent assessment of the California state budget condition for the upcoming fiscal year and over the longer term. In this report, we anticipate the state will have a $31 billion surplus to allocate in the upcoming fiscal year and operating surpluses ranging from $3 billion to $8 billion over the multiyear period.
https://lao.ca.gov/Publications/Detail/4472

Child Care Budget [EdBudget]

Apr 1, 2025 - Child Care Budget [EdBudget] a Reflects 2024-25 May Revision estimates with LAO adjustments. b Reflects 2025-26 Governor's Budget. c Does not include $11.2 million provided to community colleges for certain child care services. d Includes funding for family child care home education networks. e Includes cost estimates for quality programs, child care infrastructure, Child and Adult Care Food
https://lao.ca.gov/Education/EdBudget/Details/945

Annual Revision to Monthly Jobs Survey Shows Far Fewer Job Gains in 2024 [EconTax Blog]

Mar 21, 2025 - The figure below compares the preliminary, monthly estimates of job growth between September 2023 and September 2024 to reviseed actual job growth as reported by the Bureau of Labor Statistics earlier this week.
https://lao.ca.gov/LAOEconTax/Article/Detail/825

Annual Revision to Monthly Jobs Survey Shows Far Fewer Job Gains in 2024 [EconTax Blog]

Mar 21, 2025 - The figure below compares the preliminary, monthly estimates of job growth between September 2023 and September 2024 to reviseed actual job growth as reported by the Bureau of Labor Statistics earlier this week.
https://lao.ca.gov/LAOEconTax/article/Detail/825

The 2025-26 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Feb 13, 2025 - Figure 3 SSI/SSP Monthly Maximum Grant Levels a 2023 ‑24 (Actual)
https://lao.ca.gov/Publications/Report/4964

The 2025-26 Budget: Child Care and State Preschool

Mar 28, 2025 - As part of the 2023 collectively bargained early education and parity agreement, the state did not apply the COLAs for 2023 ‑24 and 2024 ‑25. Instead, the amount that would have been required to fund the 2023 ‑24 COLA over the next two years was used to fund the agreement.
https://lao.ca.gov/Publications/Report/5024

The 2025-26 Budget: Department of Financial Protection and Innovation

Apr 3, 2025 - Chapter  792 of 2023 (AB  39, Grayson) requires DFPI to regulate crypto assets (which are sometimes referred to as cryptocurrencies, virtual currencies, or digital financial assets). Chapter  781 of 2023 (SB  401, Lim ón) requires DFPI to regulate digital financial asset transaction kiosks.
https://lao.ca.gov/Publications/Report/5025

The 2025-26 Budget: SB 678 County Probation Grant Program

Apr 11, 2025 - The maintenance payment ($103.7  million) reflects a roughly $20.1  million reduction (16  percent) from the amount counties received in 2023-24 when the formula was placed on hold. In 2023-24, each county received their highest SB  678 grant award from the prior three fiscal years (2018-19, 2019-20, or 2020-21) due to concerns that grant awards would fluctuate for reasons unrelated to performance.
https://lao.ca.gov/Publications/Report/5031

The 2025-26 Budget: Estimated State Savings From Proposition 47

Feb 26, 2025 - The 2025-26 Budget: Estimated State Savings From Proposition 47 Estimated State Savings From Proposition 47 $94,773,000 Decline Relative to 2023 ‑24 — Percent Decline Relative to 2023 ‑24 — Estimated Prison Population Reduction Attributable to Proposition 47 3,796 Percent Decline Relative to 2023 ‑24 — ‑81% ‑88% a Estimated savings amount was
https://lao.ca.gov/Publications/Report/4991