The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Operating Surplus of $5 Billion in 2022 ‑23. In addition to the factors described above, which are revisions to the 2021 ‑22 Budget Act , our outlook anticipates the state will have an additional $5.2 billion operating surplus in 2022 ‑23.
https://lao.ca.gov/Publications/Report/4472

The 2022-23 Budget: California’s Fiscal Outlook [Publication Details]

Nov 17, 2021 - The 2022-23 Budget: California’s Fiscal Outlook [Publication Details] The 2022-23 Budget: California’s Fiscal Outlook Format: HTML Description: Our annual Fiscal Outlook publication gives our office’s independent assessment of the California state budget condition for the upcoming fiscal year and over the longer term.
https://lao.ca.gov/Publications/Detail/4472

The 2022-23 Budget: California's Fiscal Outlook Press Availability - The 2022-23 Budget: California's Fiscal Outlook Press Availability [Video]

The 2022-23 Budget: California's Fiscal Outlook Press Availability - The 2022-23 Budget: California's Fiscal Outlook Press Availability [Video] Search LAO Videos The 2022-23 Budget: California 's Fiscal Outlook Press Availability November 17, 2021 Legislative Analyst Gabriel Petek hosts a video call with members of the press after the release of the LAO 's report The 2022-23 Budget: California's Fiscal Outlook .
https://lao.ca.gov/Videos/Player?playlistId=116

Cannabis Tax Revenue Update (2025 Q2) [EconTax Blog]

Sep 15, 2025 - Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. As required by this law, the administration raised the retail excise tax rate to 19 percent on July 1, 2025.
https://lao.ca.gov/LAOEconTax/Article/Detail/838

Cannabis Tax Revenue Update (2025 Q2) [EconTax Blog]

Sep 15, 2025 - Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. As required by this law, the administration raised the retail excise tax rate to 19 percent on July 1, 2025.
https://lao.ca.gov/LAOEconTax/article/Detail/838

Proposition 50 [Ballot]

Nov 4, 2025 - Census and have been used since the 2022 congressional elections. PROPOSAL California ’s Congressional District Maps Use Legislatively Drawn Congressional District Maps Until After the Next Census. Proposition  50 replaces California ’s current congressional district maps with new, legislatively drawn maps.
https://lao.ca.gov/BallotAnalysis/Proposition?number=50&year=2025

University Capital Outlay Projects [EdBudget]

Aug 27, 2025 - No nonstate funds are allocated for the project. c Consists of $1.2 million in new General Fund support (project savings from the completed state-approved Fire and Life Safety Improvements Phase 1 project), along with $13 million in General Fund support redirected from the previously state-approved UC Irvine Student Wellness and Student Success Building project, which has been suspended. d The 2022-23 Budget Act provided $90 million one-time General Fund cash for this project.
https://lao.ca.gov/Education/EdBudget/Details/1021

California Labor Market Showing Broad Signs of Weakness [EconTax Blog]

Sep 30, 2025 - The labor market is tight when quits are high and layoffs are low, as was the case in 2021 and 2022 during the so-called "Great Resignation " when worker demand was very high and many workers found higher wages by changing jobs.
https://lao.ca.gov/LAOEconTax/article/Detail/839

California Labor Market Showing Broad Signs of Weakness [EconTax Blog]

Sep 30, 2025 - The labor market is tight when quits are high and layoffs are low, as was the case in 2021 and 2022 during the so-called "Great Resignation " when worker demand was very high and many workers found higher wages by changing jobs.
https://lao.ca.gov/LAOEconTax/Article/Detail/839

Proposition 98 Key Inputs and Outcomes Under 2025-26 Budget Package [EdBudget]

Jul 21, 2025 - Proposition 98 Key Inputs and Outcomes Under 2025-26 Budget Package [EdBudget]     a Excludes $938 million supplemental payment associated with Proposition 28 (2022). Beginning in 2024-25, this amount is folded into the Proposition 98 guarantee. b Chapter 27 of 2024 (SB 154, Committee on Budget and Fiscal Review) suspended the Proposition 98 guarantee and set forth this amount as the intended funding level.
https://lao.ca.gov/Education/EdBudget/Details/1004