May Revision: Property Tax Estimates [EconTax Blog]

May 23, 2016 - Based on this new information, we have revised our property tax estimates upward by $87 million across 2015-16 and 2016-17, so that our office 's estimates ( "LAO May ")  are now $439 million higher than the administration 's ( "May Revision ")  across the 2015-16 and 2016-17 fiscal years, as shown below.  
https://lao.ca.gov/LAOEconTax/Article/Detail/189

May Revision 2016: Revenue Outlook [EconTax Blog]

May 16, 2016 - May Revision 2016: Revenue Outlook [EconTax Blog] This post discusses the near-term state General Fund revenue outlooks of both the administration and our office. Administration and LAO Outlooks: Similar Through 2016-17 Figure 1 summarizes the administration ’s May Revision revenue estimates through 2016-17.
https://lao.ca.gov/LAOEconTax/Article/Detail/186

May Revision 2016: Economic Outlook [EconTax Blog]

May 15, 2016 - May Revision 2016: Economic Outlook [EconTax Blog] May Revision 2016: Economic Outlook May 15, 2016 Justin Garosi This post discusses the state ’s  economic outlook over the next couple of years, including the administration’s assessment of the near-term economic outlook in the May Revision.
https://lao.ca.gov/LAOEconTax/Article/Detail/185

^[PDF] The board either approves, rejects, or revises those

The board either approves, rejects, or revises those recommendations. — Working groups that are appointed by ESCs to carry out subtasks and make recommendations. For example, the ESC tasked with reviewing local detention facility standards convenes multiple working groups, each focused on a particular subject area (such as nutritional health).
https://lao.ca.gov/handouts/crimjust/2021/Local-Detention-Facilities-Review-030821.pdf

November 2016 State Tax Collections [EconTax Blog]

Dec 2, 2016 - As described in our November 2016 Fiscal Outlook report , we have estimated that taxpayers will make larger estimated and final payments for the rest of the year and that 2016-17 PIT revenues will exceed budget act projections by $1.7 billion.
https://lao.ca.gov/LAOEconTax/Article/Detail/219

^[PDF] A Review of State Standards and Inspections for Local Detention Facilities

The board either approves, rejects, or revises those recommendations. — Working groups that are appointed by ESCs to carry out subtasks and make recommendations. For example, the ESC tasked with reviewing local detention facility standards convenes multiple working groups, each focused on a particular subject area (such as nutritional health).
https://lao.ca.gov/handouts/crimjust/2022/A-Review-of-State-Standards-and-Inspections-for-Local-Detention-Facilities-030222.pdf

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

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/article/Detail/852

December 2016 State Tax Collections [EconTax Blog]

Jan 5, 2017 - In fact, PIT withholding through January 9th is strong, on track to perhaps  well exceed estimates included in the June 2016 state budget act. Through First Half of 2016-17, Preliminary Big Three Tax Receipts  $1.4 Billion  Under Projections.
https://lao.ca.gov/LAOEconTax/Article/Detail/228

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