The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Figure 3 General Fund Condition Under Fiscal Outlook (In Millions)
https://lao.ca.gov/Publications/Report/5091

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - This is a net increase of $2.7  million (3  percent) from the revised 2022-23 level. This net change primarily reflects the expiration of General Fund support for a licensing fee waiver program authorized in the 2020-21 budget package as well as the augmentations described below.
https://lao.ca.gov/Publications/Report/4814

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - This includes proposals to: (1)  remove the state ’s share of costs associated with growth in IHSS hours per case, which we estimate could save $650  million by 2029 ‑30 (if hours continue to grow at their current rates); (2)  make an ongoing reduction to the Middle Class Scholarship program, which generates $541  million in savings beginning in 2027 ‑28; and (3)
https://lao.ca.gov/Publications/Report/5101

The 2026-27 Budget: How to Use One-Time Revenue Improvements

Feb 20, 2026 - For example, we recommend the Legislature: Do Not Suspend the $3  Billion True Up Into the Budget Stabilization Account (BSA). The Governor ’s budget proposes suspending a roughly $3  billion true-up deposit that otherwise would be required in 2025-26.
https://lao.ca.gov/Publications/Report/5133

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - The administration forecasts that the new higher benefit amounts will result in $3  billion to $4  billion in additional payments each year. To fund these higher payment levels, beginning in 2024, SB  951 eliminates the taxable wage ceiling of $145,600, meaning all wages will be taxed.
https://lao.ca.gov/Publications/Report/4626

The 2021-22 Spending Plan: Other Provisions

Sep 23, 2021 - This year-over-year increase in General Fund expenditures is primarily attributable to three major program changes: (1)  a one-time appropriation of $25  million to fund technology modernization solutions for state entities, (2)  an ongoing appropriation of $21  million (and an equal reduction in the expenditure authority of the department ’s cost recovery fund —the
https://lao.ca.gov/Publications/Report/4452

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Moreover, investors have been aggressive in taking on high levels of margin debt (borrowing to buy stocks), which has reached approximately three times the historical norm. These and other indicators are at levels previously only seen at times when the market was approaching a peak before entering a period of retrenchment.
https://lao.ca.gov/Publications/Report/5104

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - The budget plan also includes $12.1  billion in one ‑time funding for two K ‑12 block grants —$7.9  billion focused on learning recovery and $3.6  billion intended for arts, music, and instructional materials.
https://lao.ca.gov/Publications/Report/4616

Rethinking California's Reserve Policy

Apr 10, 2025 - In response to the state ’s significant budget problems during the Great Recession, voters passed Proposition  2 in 2014, making significant changes to the state ’s reserve policy. These changes included: (1)  new rules for deposits into the BSA, (2)  limitations on the Legislature ’s ability to access the fund, and (3)  a new maximum level for constitutional deposits into the fund.
https://lao.ca.gov/Publications/Report/5028

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - This is an increase of $12.1  million, or about 2  percent, compared to the revised 2023-24 level. We identify some of the major actions taken in the 2024-25 budget process below. BreEZe and Business Modernization Information Technology (IT) Projects.
https://lao.ca.gov/Publications/Report/4934