The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - Instead, the gains appear largely tied to the booming stock market, a situation which can change rapidly and without warning. The  administration appears to share some of these concerns, noting recent job losses among high ‑wage workers and the risks posed by the inherent volatility of tax receipts tied to stock market gains.
https://lao.ca.gov/Publications/Report/4951

Review of the Draft 2020 High-Speed Rail Business Plan

Mar 13, 2020 - Rolling Stock Procurement. If the state procures electric trains in 2020, as currently envisioned by HSRA, it would commit the state in the near term to running electrified service, unless the state was willing to leave the trainsets idle.
https://lao.ca.gov/Publications/Report/4202