The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - New Tax Expenditures of $150   Million. The Governor ’s budget includes some revenue proposals, which would expand existing tax expenditures and create new ones. This includes increasing the existing film tax credit from $330  million to $750  million per year and excluding some military retirement income from taxation.
https://lao.ca.gov/Publications/Report/4951

Assessment of the Strong Workforce Program

Dec 10, 2025 - The state pays for apportionments using Proposition  98 funding, which consists of state General Fund and local property tax revenue. Since 2018 ‑19, the state has allocated apportionments to districts using the Student Centered Funding Formula (SCFF).
https://lao.ca.gov/Publications/Report/5098

The 2025-26 Budget: College of the Law, San Francisco

Mar 10, 2025 - With the state funding, conventional debt financing, and federal historic tax credits, the school indicated it would be able to complete the project and provide 257 beds at below ‑market rents (an estimated 10  percent below market rates).
https://lao.ca.gov/Publications/Report/5014

The 2025‑26 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 20, 2024 - Regarding local property tax revenue, our estimates are up $789   million relative to the June 2024 estimates. This increase reflects recent data showing an uptick in home sales, which generate additional property tax revenue as properties are reassessed at market value.
https://lao.ca.gov/Publications/Report/4940

The 2025-26 Budget: University of California

Feb 27, 2025 - Total core reserves (committed and uncommitted combined) ranged from less than one month of expenditures at the San Diego campus to over seven months of expenditures at the Riverside campus. Uncommitted reserves for economic uncertainties, however, equated to less than one month of expenditures at all campuses.
https://lao.ca.gov/Publications/Report/4998

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - We define a delay as an expenditure reduction that occurs in the budget window (2021 ‑22 through 2023 ‑24), but has an associated expenditure increase in a future year of the multiyear window (2024 ‑25 through 2026 ‑27).
https://lao.ca.gov/Publications/Report/4662

UC Merced at 20: Campus Developments and Key State-Level Takeaways

Nov 7, 2024 - Similarly, the state might have sought to increase economic outcomes in the San Joaquin Valley through other means, such as providing businesses with tax credits for hiring workers in the region who face certain economic disadvantages or funding a geographically targeted expansion of the California Competes program.
https://lao.ca.gov/Publications/Report/4937

CalFacts 2024 [Publication Details]

Dec 2, 2024 - CalFacts presents a wide range of facts and trends about the state's economy, finances, and programs.
https://lao.ca.gov/Publications/Detail/4942

The 2025-26 Budget: California Community Colleges

Mar 5, 2025 - Under the proposed trailer bill language, the report due to the Legislature by January 31, 2027 would include a project time line and “the budget and expenditures of resources appropriated, and any identified one ‑time and future funding needs necessary for completing the work. ” Project Would Likely Require Large Future Augmentations.
https://lao.ca.gov/Publications/Report/5005

The 2025-26 Budget: Higher Education Overview

Feb 6, 2025 - Of that amount, $777 million is reserved for economic uncertainties, which equates to 34 days of operations (or 9.1 percent of total annual core operating expenditures). UC reported $1.5 billion in total core reserves.
https://lao.ca.gov/Publications/Report/4957