According to the State Controller’s Office, the state ended fiscal year (FY) 2026 with a positive ending balance of over $3.3 billion in the General Fund—the state’s main checking account—exceeding budgeted estimates by roughly $350 million. Additionally, the balance in the state’s savings account or ‘rainy day’ fund, also known as the Budget Stabilization Fund, has increased to approximately $2.1 billion.
The new Annual Fiscal Report, which covers FY 2026 that ended on June 30, 2026, is available on the DOA Annual Fiscal Report page. Highlights of the report include:
- The state’s undesignated General Fund balance at the end of FY 2026 was over $3.3 billion, which was roughly $350 million above budgeted estimates.
- The current State Budget Stabilization Fund balance increased to roughly $2.07 billion at the end of FY 2026, the largest figure in state history.
- State general fund tax collections in FY 2026 increased by 3.4 percent over the prior year and were two percent higher than estimated.