The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Under our estimates, the state faces operating deficits throughout the multiyear window, meaning revenues would need to come in above our projections for the budget to be balanced. While the revenues required to balance the budget are optimistic, but plausible, in the budget window, they are improbable in the out ‑years.
https://lao.ca.gov/Publications/Report/4772