Senate Budget and Fiscal Review Committee, Wednesday, January 21, 2026

California State Senate Committee on Budget and Fiscal Review · January 21, 2026

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Call to order and public comment procedures

Announcement

1:03 → 3:48(2m 46s)

Chair John Laird opened the hearing, announced location (Room 1200), explained the hearing schedule and public comment will be heard near the end, and urged succinct remarks given an 11:45 a.m. hard stop.

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The California State Senate Committee on Budget and Fiscal Review convened to hear the Department of Finance and the Legislative Analyst's Office present the governor's 2026–27 budget. The administration said the budget is balanced in the budget year with $23 billion in reserves but a $2.9 billion budget-year shortfall; the LAO warned of significant downside revenue risk and urged earlier, substantive work on multi-year deficits.

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Transcript

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