The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - As such, the Legislature must determine how to focus its efforts so as to provide information that would be most helpful in making future budget decisions. This section offers some questions to determine how to focus those efforts.
https://lao.ca.gov/Publications/Report/4983

Rethinking California's Reserve Policy

Apr 10, 2025 - This share is determined by a complex set of formulas that can lower excess capital gains by anywhere from 0 percent to 100 percent, although reductions around 30 percent have been the most common to date.
https://lao.ca.gov/Publications/Report/5028

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

Jan 13, 2025 - Before accounting for discretionary choices, the budget position under the administration ’s estimates is similar to what it was under our November estimates. That is, both of our offices have assessed that the budget is roughly balanced.
https://lao.ca.gov/Publications/Report/4951