May Revision: Property Tax Estimates [EconTax Blog]

May 23, 2016 - Based on this new information, we have revised our property tax estimates upward by $87 million across 2015-16 and 2016-17, so that our office 's estimates ( "LAO May ")  are now $439 million higher than the administration 's ( "May Revision ")  across the 2015-16 and 2016-17 fiscal years, as shown below.  
https://lao.ca.gov/LAOEconTax/Article/Detail/189

May Revision 2016: Revenue Outlook [EconTax Blog]

May 16, 2016 - May Revision 2016: Revenue Outlook [EconTax Blog] This post discusses the near-term state General Fund revenue outlooks of both the administration and our office. Administration and LAO Outlooks: Similar Through 2016-17 Figure 1 summarizes the administration ’s May Revision revenue estimates through 2016-17.
https://lao.ca.gov/LAOEconTax/Article/Detail/186

May Revision 2016: Economic Outlook [EconTax Blog]

May 15, 2016 - May Revision 2016: Economic Outlook [EconTax Blog] May Revision 2016: Economic Outlook May 15, 2016 Justin Garosi This post discusses the state ’s  economic outlook over the next couple of years, including the administration’s assessment of the near-term economic outlook in the May Revision.
https://lao.ca.gov/LAOEconTax/Article/Detail/185

November 2016 State Tax Collections [EconTax Blog]

Dec 2, 2016 - As described in our November 2016 Fiscal Outlook report , we have estimated that taxpayers will make larger estimated and final payments for the rest of the year and that 2016-17 PIT revenues will exceed budget act projections by $1.7 billion.
https://lao.ca.gov/LAOEconTax/Article/Detail/219

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

December 2016 State Tax Collections [EconTax Blog]

Jan 5, 2017 - In fact, PIT withholding through January 9th is strong, on track to perhaps  well exceed estimates included in the June 2016 state budget act. Through First Half of 2016-17, Preliminary Big Three Tax Receipts  $1.4 Billion  Under Projections.
https://lao.ca.gov/LAOEconTax/Article/Detail/228

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - SSP Grants Were Increased in 2016-17, 2021-22, 2022-23, and 2023-24.  Since the Great Recession, as seen in Figure  2, grants for individuals and couples have been increased four times —in 2016-17 (by 2.76  percent), 2021-22 (by 23.95  percent), 2022-23 (by 10.3  percent), and 2023-24 (by 9.2  percent).
https://lao.ca.gov/Publications/Report/5148

California Community Colleges Capital Outlay Projects [EdBudget]

Mar 10, 2026 - California Community Colleges Capital Outlay Projects [EdBudget]     a Community college districts issue local general obligation bonds to pay for a share of project costs. b Proposition 51 (2016) bond funds. c The performance criteria phase is the initial phase of this design-build project. d Replacement buildings listed in this category involve adding space. e Center operated
https://lao.ca.gov/Education/EdBudget/Details/1025