The 2016-17 Budget: Department of General Services

Feb 22, 2016 - The practice of charging departments for approved claims was established to incentivize departments to better manage their contracts to avoid having disputes that must be handled by the GCP. The revenues resulting from the filing fee and departmental charges are used to fund the staff who administer the GCP. 2015-16 Budget Backfilled GCP With Statewide Surcharge.
https://lao.ca.gov/Publications/Report/3362

May Revision: Earned Income Tax Credit Proposal [EconTax Blog]

May 17, 2015 - In many years, therefore, the EITC could reduce Proposition 98 funding for schools and community colleges to some extent. 2015-16, however, may not be such a year. Under the May Revision revenue and budget estimates, it appears that certain features of the Proposition 98 calculations cause the reduced EITC revenue to have no effect on the school funding guarantee in 2015-16.
https://lao.ca.gov/LAOEconTax/Article/Detail/107

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Smaller, short-lived corrections occur frequently, among them the 1997 Asian financial crisis, the 2011 U.S. debt celing standoff, the 2015 Chinese growth slowdown, the early pandemic drop in 2020, and the 2025 tariff selloff.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Smaller, short-lived corrections occur frequently, among them the 1997 Asian financial crisis, the 2011 U.S. debt celing standoff, the 2015 Chinese growth slowdown, the early pandemic drop in 2020, and the 2025 tariff selloff.
https://lao.ca.gov/LAOEconTax/article/Detail/852

May Revision: Proposition 30 Estimates, Accrual Uncertainties [EconTax Blog]

May 17, 2015 - We discuss the May Revision estimates for Proposition 30 revenues.
https://lao.ca.gov/LAOEconTax/Article/Detail/106

May Revision: LAO Economic Outlook [EconTax Blog]

May 15, 2015 - As summarized above, the administration's May 2015 economic forecast is similar to ours in most respects in 2015 and 2016. Among other things, the administration's U.S. economic forecast assumes slightly higher stock prices than our forecast does in 2015, 2016, 2017, and 2018.
https://lao.ca.gov/LAOEconTax/Article/Detail/104

May Revision: LAO Revenue Outlook [EconTax Blog]

May 16, 2015 - Compared to the size of the California economy (measured by total personal income in the state), capital gains were more significant during the dot-com boom and the mid-2000s. Various data seem consistent with our office 's 2014 and 2015 capital gains assumptions.
https://lao.ca.gov/LAOEconTax/Article/Detail/105

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: University of California

Feb 26, 2026 - Between 2015 ‑16 and 2024 ‑25, UC ’s FTE workforce increased by an annual average of 2.4  percent, while its FTE enrollment rose by 1.9  percent. As a result, the student ‑to ‑employee ratio declined slightly over the period (from 2.2 to 2.1).
https://lao.ca.gov/Publications/Report/5143

Eliminate State Cost of Sex Offender Assessment Mandate

May 5, 2015 - Governor ’s Budget Suspends Mandates The 2015-16 Governor ’s Budget proposes to suspend the SARATSO mandate. Suspending the mandate would make local compliance with the above requirements optional in 2015-16.
https://lao.ca.gov/Recommendations/Details/842