The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - GF = General Fund; FF = federal funds; TF = total funds; LLRF = Loan Loss Reserve Fund; IIJA  =  Infrastructure Investment and Jobs Act; LATA = Local Agency Technical Assistance; and BEAD = Broadband Equity, Access, and Deployment.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - GF = General Fund; FF = federal funds; TF = total funds; LLRF = Loan Loss Reserve Fund; IIJA  =  Infrastructure Investment and Jobs Act; LATA = Local Agency Technical Assistance; and BEAD = Broadband Equity, Access, and Deployment.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Given that this deficit is estimated to range from $20  billion to $35  billion in the years ahead, addressing it gradually, rather than all at once, reduces fiscal disruption and more readily provides for legislative input and flexibility.
https://lao.ca.gov/Publications/Report/5104

A Framework for Allocating Federal Recovery Funds

May 4, 2021 - These inequities —many of which predated the pandemic —warrant considering targeting assistance to Californians more acutely affected by job losses and other potential long-term consequences of the pandemic.
https://lao.ca.gov/Publications/Report/4422

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

Jan 12, 2026 - Both our office and the administration expect the state to face multiyear deficits, with estimates ranging from $20  billion to $35  billion annually. These deficits are concerning for three reasons.
https://lao.ca.gov/Publications/Report/5101

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - Both our office and the Department of Finance (DOF) project operating deficits ranging from $10  billion to $20  billion over the multiyear period. These shortfalls represent future budget problems that would require additional budget-balancing decisions.
https://lao.ca.gov/Publications/Report/5052

The 2022-23 Budget: State Appropriations Limit Implications

Mar 30, 2022 - As the figure shows, the state most likely would face budget deficits ranging from $5  billion to $20  billion as soon as next fiscal year regardless of revenue growth. By 2025 ‑26, those deficits would most likely grow to $20  billion to $60  billion.
https://lao.ca.gov/Publications/Report/4583

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - This includes: $21  million for OES to administer a gun buyback program. $20  million for the Nonprofit Security Grant Program, which provides funding for security enhancement projects (such as reinforced doors and gates) to nonprofit organizations at risk of hate-motivated violence, such as nonprofits from the Asian American and Pacific Islander; Lesbian, Gay, Bisexual,
https://lao.ca.gov/Publications/Report/4814

Rethinking California's Reserve Policy

Apr 10, 2025 - Those are: Raise BSA Cap to 20   Percent of General Fund Taxes. The Governor proposes raising the reserve cap from 10 percent of General Fund taxes to 20 percent of General Fund taxes. This would not have any impact on the rules that set aside funds each year, but would mean the state would save more cumulatively over time.
https://lao.ca.gov/Publications/Report/5028

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - The orange bars show the surplus or shortfall after accounting for these withdrawals. By the end of the period, the Proposition  98 budget is back in balance and the state makes a small reserve deposit.
https://lao.ca.gov/Publications/Report/4646