The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Instead, much of the bounce appears to be tied to special forms of pay for high ‑income workers, such as bonuses and stock  compensation. Booming Stock Market Driving Income Growth. The recent run ‑up in the stock market, which appears tied to optimism surrounding artificial intelligence, is a primary driver of the rapid growth in pay to high ‑income workers.
https://lao.ca.gov/Publications/Report/4939

Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - For example, the $2  billion optional deposit made in 2016 ‑17 was used to fund estimated true-up deposits for 2015 ‑16 and 2016 ‑17. As Figure  1 shows, this means that $500  million of the initial $2  billion deposit is “constitutionally required ” (under the true-up provisions) and the remainder is optional.
https://lao.ca.gov/Publications/Report/3900

Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - True Up Provisions. Under Proposition  2 ’s “true up ” provisions, the state reevaluates the estimate of Proposition  2 requirements twice: once in each two subsequent budgets. Under these reevaluations, the rainy day fund deposit is revised up (down) if capital gains taxes were higher (lower) than the state ’s prior estimates.
https://lao.ca.gov/Publications/Report/3727

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - The Chancellor ’s Office may designate up to 50  percent of state funding each year for life safety projects, though the amount needed to fund all project proposals in this category is typically much lower.
https://lao.ca.gov/Publications/Report/5159

^[PDF] The 2025-26 Budget: California’s Fiscal Outlook

(Income and sales data adjusted for inflation.) -15 -10 -5 5 10 15% Total Pay to Workers -30 -20 -10 10 20 30% Business Owner Income -15 -10 -5 5 10 15% Payroll Jobs -90 -60 -30 30 60 90% Unemployed Workers -21 -14 -7 7 14 21% Taxable Sales Figure 1 Most Economic Metrics Running Below Average L E G I S L A T I V E A N A L Y S T ’
https://lao.ca.gov/reports/2024/4939/2025-26-Fiscal-Outlook-112024.pdf

Personal income tax rates for high-income taxpayers. [Ballot]

Oct 20, 2025 - Fiscal Effects Measure Would Bring in Between $5  Billion and $15  Billion Each Year. The amount of money brought in by this measure is hard to predict and will go up and down with the economy. This is because much of the revenue comes from taxing investment income and capital gains.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-016

^[PDF] For example, the Los Angeles court offered an

For example, the Los Angeles court offered an up to $50,000 signing bonus for a new full-time court reporter employee (with a specified amount payable after every six months) that remained employed for two years in Hon.
https://lao.ca.gov/letters/2024/Letter-Umberg-Court-Reporters-030524.pdf

The 2016-17 Budget: Proposition 98 Education Analysis

Feb 18, 2016 - It offers a similarly sized bonus to dual credential holders to return to special education if they are not currently teaching special education. Certain districts within California offer one –time signing bonuses to all new hires.
https://lao.ca.gov/Publications/Report/3355

The 2020-21 Budget: Proposition 2 Debt Payment Proposals

Mar 10, 2020 - Figure 5 shows how our recommendation could work. For example, suppose in some year CalSTRS experiences an annual return of 3  p ercent —which is lower than the assumed rate of 7  p ercent. To make up for this actuarial loss, the board would need to increase the state ’s rate by approximately 2  p ercent of pay, but under law could only raise the rate by 0. 5  p ercent of pay each year over four years.
https://lao.ca.gov/Publications/Report/4196

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

Jan 12, 2026 - Ongoing, the Governor ’s spending ‑related solutions provide $5  billion in savings within a few years. Appendix 1 provides a list of the Governor ’s budget solutions. Generates $5.6 Billion School and Community College Settle‑Up Obligation in 2025‑26.
https://lao.ca.gov/Publications/Report/5101