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 2026-27 Budget: University of California

Feb 26, 2026 - In 2023 ‑24 (the most recent year for which UC has reported data), UC reserves declined from 17  percent to 15  percent of annual core fund expenditures —equating to just under two months of reserves.
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - Whereas unrestricted reserves totaled $2  billion (23  percent of expenditures) in 2019 ‑20, they grew to $3.8  billion (34  percent of expenditures) in 2024 ‑25. The increase in reserves over the past five years is likely the result of several factors —including significant increases in state funding, an influx of federal relief funds during the pandemic, and savings from lower staffing levels during the  pandemic.
https://lao.ca.gov/Publications/Report/5150

The 2026-27 Budget: Higher Education Overview

Feb 5, 2026 - The associated ongoing cost is built into apportionments in 2026-27. d The Governor ’s budget reappropriates funding for four research initiatives whose original expenditure periods have ended. The administration does not have estimates of the amount of remaining funds for each initiative.
https://lao.ca.gov/Publications/Report/5112

The 2026-27 Budget: California State University

Feb 24, 2026 - Eliminating these out ‑year augmentations would reduce projected state deficits in 2027 ‑28 and 2028 ‑29 without requiring programmatic cuts or tax increases. Rather than making commitments in advance, the Legislature could determine each year how much support it can afford to provide CSU in light of overall fiscal conditions and competing budget priorities.
https://lao.ca.gov/Publications/Report/5142

The 2025-26 Budget: College of the Law, San Francisco

Mar 10, 2025 - With the state funding, conventional debt financing, and federal historic tax credits, the school indicated it would be able to complete the project and provide 257 beds at below ‑market rents (an estimated 10  percent below market rates).
https://lao.ca.gov/Publications/Report/5014

The 2025‑26 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 20, 2024 - Regarding local property tax revenue, our estimates are up $789   million relative to the June 2024 estimates. This increase reflects recent data showing an uptick in home sales, which generate additional property tax revenue as properties are reassessed at market value.
https://lao.ca.gov/Publications/Report/4940

The 2025-26 Budget: University of California

Feb 27, 2025 - Total core reserves (committed and uncommitted combined) ranged from less than one month of expenditures at the San Diego campus to over seven months of expenditures at the Riverside campus. Uncommitted reserves for economic uncertainties, however, equated to less than one month of expenditures at all campuses.
https://lao.ca.gov/Publications/Report/4998

Assessment of the Strong Workforce Program

Dec 10, 2025 - The state pays for apportionments using Proposition  98 funding, which consists of state General Fund and local property tax revenue. Since 2018 ‑19, the state has allocated apportionments to districts using the Student Centered Funding Formula (SCFF).
https://lao.ca.gov/Publications/Report/5098

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - We define a delay as an expenditure reduction that occurs in the budget window (2021 ‑22 through 2023 ‑24), but has an associated expenditure increase in a future year of the multiyear window (2024 ‑25 through 2026 ‑27).
https://lao.ca.gov/Publications/Report/4662