^[PDF] Evaluating the Governor's Career-Technical Education Proposal

The funds will be distributed by OPSC on a com- petitive grant basis. Funds can be used for new construction, reconfi guration, or equipment (with ten-year useful life). Requires 50/50 local match and the match can be paid over time.
https://lao.ca.gov/handouts/education/2006/Career_Tech_060096.pdf

Firearms and Ammunition Revenue Update (2025 Q3) [EconTax Blog]

Nov 18, 2025 - The administration lowered its estimate to $103 million in May 2024 and then to $65 million in May 2025. Current tax return data suggest that the total will be around $58 million. Preliminary Total for Third Quarter of 2025: $13 Million.
https://lao.ca.gov/LAOEconTax/Article/Detail/842

Firearms and Ammunition Revenue Update (2025 Q3) [EconTax Blog]

Nov 18, 2025 - The administration lowered its estimate to $103 million in May 2024 and then to $65 million in May 2025. Current tax return data suggest that the total will be around $58 million. Preliminary Total for Third Quarter of 2025: $13 Million.
https://lao.ca.gov/LAOEconTax/article/Detail/842

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

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - More specifically, those 65 and over with a disability impacting independent living has increased by 17  percent. The share of IHSS recipients over age 65, however, has remained a relatively consistent share of the overall IHSS population.
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: Estimated State Savings From Proposition 47

Feb 23, 2026 - Proposition  47 further requires that monies in the SNSF be allocated as follows: (1)  65  percent to the Board of State and Community Corrections for mental health and substance use treatment, (2)  25  percent to the California Department of Education for school truancy and drop-out prevention, and (3)  10  percent to the California Victim Compensation Board for trauma recovery services.
https://lao.ca.gov/Publications/Report/5108

Firearms and Ammunition Revenue Update (2025 Q2) [EconTax Blog]

Aug 18, 2025 - The recently enacted budget package assumed that 2024-25 revenue would be $65 million. Preliminary Total for 2024-25: $58 Million. For firearm and ammunition excise tax returns filed for 2024-25, the total amount of tax due is $58 million —a bit lower than the budget package revenue assumption.
https://lao.ca.gov/LAOEconTax/Article/Detail/836

The 2025-26 Budget: Understanding Recent Increases in the Medi-Cal Senior Caseload

Mar 6, 2025 - From July 2022 through September 2024, the caseload in the expansion to individuals age 50 and older —a group that is notably not limited to those age 65 and over —increased by about 120,000  individuals.
https://lao.ca.gov/Publications/Report/5010

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