The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The budget includes $1.8  billion and 9,512 full –time equivalent (FTE) staff to deliver highway capital outlay projects —a decrease of 191 FTEs from the 2015 –16 level through attrition. The savings from the reduced FTEs are more than offset by an increase in funding to “true up ” funding levels with actual staff costs, resulting in a net increase of $9  million from 2015 –16 .
https://lao.ca.gov/Publications/Report/3487/9

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - In addition, the administration estimated the state would continue to face structural deficits between $15  billion and $25  billion through  2028 ‑29. 2026 ‑27 Budget Problem Now Larger Than Anticipated.
https://lao.ca.gov/Publications/Report/5091

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - Budget Package Addressed a Nearly $15   Billion Budget Problem. We estimate the Legislature addressed a nearly $15  billion budget problem in the 2025 ‑26 budget package. This  budget problem is slightly higher than the one addressed by the Governor in the May Revision (around $14  billion), and results from two somewhat offsetting differences.
https://lao.ca.gov/Publications/Report/5079

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

May 17, 2025 - (The information presented in this brief is based on our understanding of the administration ’s proposals as of May 15, 2025. In many areas, our understanding of the proposals will continue to  evolve.)
https://lao.ca.gov/Publications/Report/5044

The 2024-25 Budget: Deficit Update

Feb 20, 2024 - Options to Address $15  Billion in Additional Budget Problem If the budget problem increases by $15  billion, the Legislature will need to find a like amount of new budget solutions to ensure the budget is balanced for 2024 ‑25.
https://lao.ca.gov/Publications/Report/4850

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - These choices included about $11  billion in spending ‑related solutions and $15  billion in all other solutions, including $5.5  billion in temporary revenue increases and a $7  billion withdrawal from the state ’s rainy ‑day fund .
https://lao.ca.gov/Publications/Report/4939

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - Specifically, the administration defines a $15  billion reduction to school and community college spending —relative to the enacted level in 2023 —as a baseline change. How Does the Governor Propose to Solve the Budget Problem?
https://lao.ca.gov/Publications/Report/4825

California's Legislative Analyst's Office and the Value of Independence

Nov 15, 2024 - California 's Legislative Analyst 's Office and the Value of Independence November 15, 2024 Tweet Gabriel PetekLegislative Analyst Providing the Legislature with a clear picture of the state ’s budget condition and the fiscal choices it faces is a cornerstone responsibility of the Legislative Analyst ’s Office (LAO).
https://lao.ca.gov/Publications/Report/4938

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - As a result of these actions, the revised MCO tax package provides a substantial budget solution to the state ($6.3  billion through 2024 ‑25 and nearly $15  billion through 2026 ‑27). Transportation Changes to Multiyear Transportation Infrastructure Package.  
https://lao.ca.gov/Publications/Report/4922

Rethinking California's Reserve Policy

Apr 10, 2025 - Figure  6 shows a measure of state revenue volatility put together by researchers at the Pew Charitable Trusts using 15 years of revenue collection data. According to this measure, California has one of the most volatile tax revenue systems in the country, ranking fifth out of 50 states.
https://lao.ca.gov/Publications/Report/5028