The 2019-20 May Revision: LAO Revenue Outlook

May 12, 2019 - So far this year, California-based company IPOs have had almost $150  billion of market capitalization ($82  billion of which was from the recent Uber IPO). While IPOs can ultimately increase capital gains, the primary observable effect of IPOs is in withholding.
https://lao.ca.gov/Publications/Report/4037

Amid Good Fiscal Times, Planning for the Future Is Crucial

May 21, 2019 - Whereas in a typical year, California-based companies make initial public offerings (IPOs) worth about $30  billion of market capitalization, 2019 has already seen IPOs with $150  billion in market capitalization.
https://lao.ca.gov/Publications/Report/4051

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - We have attributed some of the weaker-than-expected personal income withholding tax collections so far to a steep 84  percent decline in initial public offering (IPO) activity in 2022. Given that many IPOs in recent years have been among technology-related firms, the ongoing slowdown in that sector combined with more restrictive access to credit going forward is cautionary.
https://lao.ca.gov/Publications/Report/4762

The 2025-26 Budget: Initial Comments on the Governor's May Revision [Publication Details]

May 17, 2025 - The 2025-26 Budget: Initial Comments on the Governor's May Revision [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5044

Rethinking California’s Reserve Policy (Panel 2) [Publication Details]

May 7, 2025 - Rethinking California’s Reserve Policy (Panel 2) [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5041

Reserves, Proposition 2, and the Budget Stabilization Account (Panel 1) [Publication Details]

May 7, 2025 - Reserves, Proposition 2, and the Budget Stabilization Account (Panel 1) [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5040

The 2025-26 Budget: Undertaking Fiscal Oversight [Publication Details]

Feb 24, 2025 - The 2025-26 Budget: Undertaking Fiscal Oversight [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4983

Federal Spending in California [Publication Details]

Feb 20, 2025 - Federal Spending in California [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4974

The 2025-26 Budget: Overview of the Governor’s Budget [Publication Details]

Feb 10, 2025 - The 2025-26 Budget: Overview of the Governor’s Budget [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4956

The 2025-26 Budget: Overview of the Governor’s Budget [Publication Details]

Jan 30, 2025 - The 2025-26 Budget: Overview of the Governor’s Budget [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4953