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

The 2025-26 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 13, 2025 - Examples of allowable expenditures include lengthening the school day or year, tutoring and small ‑group instruction, counseling and mental health services, training for teachers and staff, literacy programs for younger students, and credit recovery programs for high school students.
https://lao.ca.gov/Publications/Report/4963

The 2025-26 Budget: Proposition 98 Guarantee and K-12 Spending Plan [Publication Details]

Feb 13, 2025 - This brief examines the estimates of the Proposition 98 guarantee in the Governor’s budget and assesses the overall structure of the Governor’s plan for K-12 funding. It also examines a few of the larger spending proposals and the proposal to delay a $1.6 billion settle-up payment. Update (2/21/25): This brief has been updated to reflect our office’s estimate of the K-12 COLA (2.26 percent).
https://lao.ca.gov/Publications/Detail/4963

The 2025-26 Budget: Department of Developmental Services

Mar 5, 2025 - To help inform its consideration of a potential reappropriation of funds, the Legislature could consider requesting a detailed expenditure plan for the funding that was already appropriated for PAL Stages 1 and 2 through provisional budget bill language.
https://lao.ca.gov/Publications/Report/5008

The 2025-26 Budget: School Nutrition

Mar 4, 2025 - Provisional language included in the budget since 2022 ‑23 allows the Department of Finance to augment funding for school nutrition if expenditures are projected to exceed the amount budgeted. In each of the past three years, the state has made current ‑year augmentations to account for shortfalls in budgeted funding.
https://lao.ca.gov/Publications/Report/5001