The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - The Governor proposes to pay down $8.4  billion of this amount, with districts receiving the associated cash in 2021 ‑22. Slightly more than $4  billion would remain deferred from 2021 ‑22 to 2022 ‑23.
https://lao.ca.gov/Publications/Report/4309

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent). Perhaps more concerning, income tax revenues stayed depressed for years following major downturns.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent). Perhaps more concerning, income tax revenues stayed depressed for years following major downturns.
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2023-24 Budget: May Revenue Outlook [EconTax Blog]

May 13, 2023 - Across 2021-22 to 2023-24, our estimates of big three revenues are $11 billion lower than the administration ’s May Revision estimates. As such, while we consider the May Revision revenues plausible, adopting them would present considerable downside risk.
https://lao.ca.gov/LAOEconTax/Article/Detail/774

^[PDF] Voters FIRST Act for Congress 2021

The measure states that the commission will approve congressional redis- tricting maps every ten years beginning in 2021 (following the 2020 census). The com- mission would draw congressional districts essentially as it draws other district lines under Proposition 11.
https://lao.ca.gov/ballot/2010/100102.pdf

2022-23 Fiscal Outlook Revenue Estimates [EconTax Blog]

Nov 17, 2021 - Whereas revenues grew over 30 percent in 2020-21, our main forecast has growth drop to 8 percent in 2021-22, fall further to about 2 percent in 2022-23, and then becomes slightly negative in 202 3-24.
https://lao.ca.gov/LAOEconTax/Article/Detail/712

COVID-19: American Rescue Plan’s Major Health-Related Funding Provisions

May 6, 2021 - COVID-19: American Rescue Plan’s Major Health-Related Funding Provisions American Rescue Plan ’s Major Health ‑Related Funding Provisions Introduction On March  11, 2021, the President signed into law the American Rescue Plan Act of 2021 (ARP Act) —a $1.9  trillion coronavirus disease 2019 (COVID-19) relief package.
https://lao.ca.gov/Publications/Report/4425

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Other downturns, such as the 2001 so-called dot-com recession, had severe fiscal implications while inflicting somewhat milder economic damage. The 2008 Great Recession had brutal effects on both the state ’s economy and budget.
https://lao.ca.gov/Publications/Report/4762

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Across the budget window (2021 ‑22 through 2023 ‑24), our revenue projections are $11  billion lower than the administration ’s estimates. We discuss our economic and revenue outlook in greater detail here: The 2023‑24 Budget: May Revenue Outlook .
https://lao.ca.gov/Publications/Report/4772

The 2022-23 California Spending Plan: Resources and Environmental Protection

Oct 10, 2022 - Fire Integrated Real Time Intelligence System (FIRIS) CalFire and OES $30  million ongoing GF and 31 positions ($24 million and 11 positions for OES and $6 million and 20 positions for CalFire) to support the FIRIS  system.
https://lao.ca.gov/Publications/Report/4633