California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - The added risk variable weighs on the range of revenue outcomes that we view as most plausible. The middle of the range, which becomes our main revenue forecast, is thus lower than if we did not include the stock market risk indicator.
https://lao.ca.gov/Publications/Report/5104

The 2012-13 Budget: Economic and Revenue Update [Publication Details]

Feb 27, 2012 - Like the economic data, reports concerning state revenues have been mixed recently too, with weakness in income tax payments accompanied by speculation concerning a future bonanza of tax revenues due to the possible offering of stock by Facebook, Inc.
https://lao.ca.gov/Publications/Detail/2578

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Outside of government and health care, the state has added no jobs in a year and a half. Similarly, the number of Californians who are unemployed is 25  percent higher than during the strong labor markets of 2019 and 2022.
https://lao.ca.gov/Publications/Report/4939

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - During the special session, the Legislature added Control Sections 90.00 and 90.01 to the 2024 ‑25 Budget Act providing up to $2.5  billion one ‑time for response and recovery costs related to the January 2025 Southern California wildfires.
https://lao.ca.gov/Publications/Report/5079

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - Revenues for prior and current years are up a total of $6  billion, primarily reflecting stronger ‑than ‑expect personal income tax collections which are running $4  billion ahead of prior projections as of April.
https://lao.ca.gov/Publications/Report/5044

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Trailer legislation (Chapter  15) exempts State Preschool programs run by LEAs from Title 22 licensing standards beginning July  1, 2019. It also requires our office to convene a workgroup to discuss what Title 22 standards should be added to Title 5 to ensure LEAs continue to meet essential health and safety standards.
https://lao.ca.gov/Publications/Report/3694/4

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - Clarifies Licensing Standards for LEA ‑Run State Preschool Programs. The 2017 ‑ 18 b udget plan exempts State Preschool programs run by LEAs from certain health and safety standards, known as Title 22 standards, beginning July  1, 2019.
https://lao.ca.gov/Publications/Report/3870/4

California's Legislative Analyst's Office and the Value of Independence

Nov 15, 2024 - As such, our independent fiscal assessment underlies the Legislature ’s ability to assert an informed check on the executive branch, making any added complexity from diverging estimates a worthwhile trade-off.
https://lao.ca.gov/Publications/Report/4938

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - This added complexity could create increased administrative burdens for builders, lenders, and government agencies tasked with funding affordable housing. Added complexity also could open the possibility of unintended consequences or misuse of funds.
https://lao.ca.gov/Publications/Report/4038

Fiscal Outlook: Developmental Services

Nov 15, 2017 - Of the four remaining state-run institutions, the state will be fully closing two, and partially closing a third, over the outlook period. Although these closures mean the state will expend fewer General Fund dollars to run the DCs, there will also be significant upfront and ongoing costs associated with the transition of residents into community settings.
https://lao.ca.gov/Publications/Report/3717