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 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - Personal Income Tax (PIT) Healthy Growth in Wages and Salaries Drive PIT Growth. Our PIT outlook reflects anticipated tightening in labor markets, which puts upward pressure on wages. Accordingly, we estimate that taxable wages and salaries will increase by 7.5 percent in 2018 and 6.6 percent in 2019 before fading to 3.5 percent growth in 2021.
https://lao.ca.gov/Publications/Report/3830

The 2017-18 Budget: Overview of the Governor's Budget [Publication Details]

Jan 13, 2017 - The administration's estimates anticipate slow growth in the personal income tax (PIT), the state’s dominant revenue source. The Governor’s estimate of PIT growth in 2017-18 is probably too low. As a result, by the May Revision, the state could have more General Fund revenue than the Governor now projects, but much of that revenue would be required to go to schools and Proposition 2 reserves and debt payments.
https://lao.ca.gov/Publications/Detail/3528

The 2019-20 May Revision: LAO Revenue Outlook

May 12, 2019 - Personal Income Tax (PIT) PIT Growth Remains Steady. While wage growth was somewhat lower in 2018 than we had anticipated in November , it remained above the long-term historical average. Under our updated economic outlook, we expect total wages and salaries to continue to grow steadily in 2019 and 2020 in part due to a historically high number of initial public offerings (IPOs) by California-based companies in 2019.
https://lao.ca.gov/Publications/Report/4037

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

Building Reserves to Prepare for a Recession

Mar 7, 2018 - As a result, the growth rate of PIT revenue fluctuates from year to year. Figure  2 shows that revenues associated with the PIT experience more significant year ‑over ‑year changes than personal income itself.
https://lao.ca.gov/Publications/Report/3769