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&videoId=177

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

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

Cannabis Tax Revenue Update (2025 Q1) [EconTax Blog]

Jun 3, 2025 - Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. This law also requires the administration to increase the retail excise tax rate to 19 percent effective July 1, 2025.
https://lao.ca.gov/LAOEconTax/Article/Detail/831

Cannabis Tax Revenue Update (2025 Q1) [EconTax Blog]

Jun 3, 2025 - Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. This law also requires the administration to increase the retail excise tax rate to 19 percent effective July 1, 2025.
https://lao.ca.gov/LAOEconTax/article/Detail/831

Trends in CalWORKs: Participant Characteristics

Jun 16, 2025 - SPM rates increased in 2022 (relative to 2021) as many of the expansions ended. Poverty Disproportionately Affects Different Groups of Californians. Certain demographic groups experience poverty at disproportionate rates.
https://lao.ca.gov/Publications/Report/5057

Early Data Revision Shows No Job Creation During 2024 Q4 [EconTax Blog]

Jun 24, 2025 - Since mid-2022, as shown below, five out of six quarterly early benchmark revisions have shown weaker employment trends than  first reported by the monthly survey. For context, the monthly survey has overestimated net job growth by 25,000 jobs per month on average over this period.
https://lao.ca.gov/LAOEconTax/article/Detail/833

Early Data Revision Shows No Job Creation During 2024 Q4 [EconTax Blog]

Jun 24, 2025 - Since mid-2022, as shown below, five out of six quarterly early benchmark revisions have shown weaker employment trends than  first reported by the monthly survey. For context, the monthly survey has overestimated net job growth by 25,000 jobs per month on average over this period.
https://lao.ca.gov/LAOEconTax/Article/Detail/833