California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - This proposal helps balance the budget but runs counter to the basic fiscal logic that stronger-than-expected revenues should be used to build reserves. In short, although the economy is not in recession and the stock market has been booming, the budget is only precariously balanced.
https://lao.ca.gov/Publications/Report/5104

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The budget package also includes some other one –time and ongoing spending for trial court security, counter –violence and gang activity prevention, and services for ex –offenders . (As discussed below, the budget package authorizes $270  million in lease revenue bonds for replacing and renovating county jails, a change from the Governor ’s request to allocate funds for this purpose from the General Fund.)
https://lao.ca.gov/Publications/Report/3487/1

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - Affordable housing funded with Opportunity Zone benefits, however, would necessarily be concentrated in existing low-income neighborhoods, running counter to state goals. Finally, the state does not have a clear governance structure to track Opportunity Zone affordable housing investments and provide oversight and compliance monitoring.
https://lao.ca.gov/Publications/Report/4038

The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products

May 12, 2019 - For example, sales tax applies to bandages, condoms, toothbrushes, bicycle helmets, children ’s car seats, and over-the-counter medications. No Universal Definition of Necessity Definition of Necessity Often Is Highly Subjective.
https://lao.ca.gov/Publications/Report/4040