The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - This is largely because these funding protections provide districts with more apportionment funding than they would generate based on their enrollment and other  factors. Systemwide Reserves Continue to Increase.
https://lao.ca.gov/Publications/Report/5150

The 2026-27 Budget: University of California

Feb 26, 2026 - UC Reserve Levels Generally Have Tracked With Broader Fiscal Factors. As Figure  6 shows, UC core fund balances as a share of its annual core fund expenditures have been as low as 1.8  percent in 2008 ‑09 and as high as 23  percent in 2012 ‑13.
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: Higher Education Overview

Feb 5, 2026 - Certain factors signal the stock market might be approaching a peak. If a stock market downturn occurs, income tax revenues would fall considerably, and the misalignment between state revenues and proposed spending would widen.
https://lao.ca.gov/Publications/Report/5112