The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Our analysis suggests that level of revenue is very unlikely —there is less than a one ‑in ‑six chance the state can afford the May Revision spending level across the five ‑year period. This means that, if the Legislature adopts the Governor ’s May Revision proposals, the state very likely will face more budget problems over the next few years.
https://lao.ca.gov/Publications/Report/4772

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - For example, oversight of homeless encampment resolution grants likely could be done comprehensively. In contrast, oversight of Medi-Cal likely requires discrete examinations of factors like eligibility, caseload, services, and utilization to understand the program benefits.
https://lao.ca.gov/Publications/Report/4983

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - Qualifying types of projects include: State Water Project projects, regional or local water agency infrastructure, certain transportation-related projects like wildlife crossings, and wind a nd solar photovoltaic projects.
https://lao.ca.gov/Publications/Report/4814

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

Jan 12, 2026 - First, the budget includes about ten budget solutions —proposals that create budget capacity, improving the budget ’s bottom line —and they total around $9  billion. Second, the Governor ’s budget includes about 60 discretionary spending proposals —proposals that use budget capacity, eroding the budget ’s bottom line —and these total about $600  million.
https://lao.ca.gov/Publications/Report/5101

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

Feb 20, 2026 - Our Revenue Estimates Consistent With $2.5  Billion Upgrade to Budget Bottom Line Compared to January. Our recent revenue post suggests an improvement in revenues of around $5 billion relative to the Governor’s budget estimates.
https://lao.ca.gov/Publications/Report/5133

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - However, our Fiscal Outlook revenue forecast, shown in Figure  2 , reflects a smaller, temporary upgrade which reverses beginning in 2026 ‑ 27 —resulting in 2026 ‑27 revenues being in line with budget act estimates.
https://lao.ca.gov/Publications/Report/5091

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - These changes have the cumulative effect of lowering planned non ‑Proposition  98 General Fund spending for these packages by roughly $6.4  billion across the six ‑year period spanning 2021 ‑22 through 2026 ‑27.
https://lao.ca.gov/Publications/Report/4922

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - Like past versions of the MCO tax, the tax is designed to draw down additional federal Medicaid funding while imposing a relatively small cost to the health insurance industry. This arrangement requires approval from the federal government.
https://lao.ca.gov/Publications/Report/4788

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - As a result, associated spending is likely to be higher in the out ‑years.
https://lao.ca.gov/Publications/Report/5044

The 2024-25 Budget: Multiyear Budget Outlook

May 23, 2024 - Overall, this figure shows that the state budget is likely balanced over the next couple of years, but a budget problem becomes more likely in later years.
https://lao.ca.gov/Publications/Report/4907