The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 4, 2026 - Moreover, these estimates exclude the future cost of providing the $5.6   billion payment. Making that payment in next year ’s budget, for example, would increase the deficit to about $32   billion (holding other factors constant).
https://lao.ca.gov/Publications/Report/5110

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - Generates $5.6 Billion School and Community College Settle‑Up Obligation in 2025‑26. The State Constitution sets a minimum spending requirement for schools and community colleges. For 2025‑26, this requirement is up $6.9 billion under the administration’s estimates, but the Governor’s budget provides $5.6 billion less than this revised estimate.
https://lao.ca.gov/Publications/Report/5101

^[PDF] The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Moreover, these estimates exclude the future cost of providing the $5.6 billion payment. Making that payment in next year’s budget, for example, would increase the deficit to about $32 billion (holding other factors constant).
https://lao.ca.gov/reports/2026/5110/2026-27_Prop98_020426.pdf

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - As we discuss in The 2026‑27 Budget: Proposition 98 Guarantee and K‑12 Spending Plan , the Governor’s budget appropriates $5.6 billion less for schools and community colleges in 2025‑26 than the estimated minimum guarantee in that year.
https://lao.ca.gov/Publications/Report/5150

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

LAO May Outlook: Growth in Assessed Property Values [EconTax Blog]

May 12, 2019 - Statewide, we anticipate assessed value growth will decline from 6.5 percent in 2018-19 to 6 percent in 2019-20 and further to 5.6 percent in 2020-21. We discuss the methodology used to develop our estimates in this prior post .  
https://lao.ca.gov/LAOEconTax/Article/Detail/368

^[PDF] Items 0820‑001‑0460 and 0820‑101‑0001 Firearms Enforcement Activities

Summary of Funding Adjustments (In Millions) Governor Senate Assembly General Fund $17.5 $11.9 $11.9 DROS Special Account -6.0 -6.0 -6.0 FS&E Special Fund -5.3 -5.9 -5.9 Firearm Safety Account -0.6 — — Net Change in Total Funding Support $5.6 — — DROS = Dealers’ Record of Sale and FS&E = Firearms Safety and Enforcement.
https://lao.ca.gov/handouts/Conf_Comm/2019/Firearms-Enforcement-Activities-053019.pdf

Monthly Jobs Report (December) [EconTax Blog]

Sep 20, 2022 - This slight improvement contributed to a decline in the state ’s unemployment rate, from 5.6 percent in November to 5.5 percent in December. February Release Will Incorporate Unusually Large Population Adjustment.
https://lao.ca.gov/LAOEconTax/Article/Detail/755

Monthly Jobs Report (December) [EconTax Blog]

Sep 20, 2022 - This slight improvement contributed to a decline in the state ’s unemployment rate, from 5.6 percent in November to 5.5 percent in December. February Release Will Incorporate Unusually Large Population Adjustment.
https://lao.ca.gov/LAOEconTax/article/Detail/755