Firearms and Ammunition Revenue Update (2025 Q1) [EconTax Blog]

May 21, 2025 - As Chapter 231 went through the legislative policy process, the administration preliminarily estimated that the new firearm and ammunition excise tax would raise $159 million in 2024-25. In May 2024, the administration revised its estimate to $103 million.
https://lao.ca.gov/LAOEconTax/article/Detail/830

Firearms and Ammunition Revenue Update (2025 Q1) [EconTax Blog]

May 21, 2025 - As Chapter 231 went through the legislative policy process, the administration preliminarily estimated that the new firearm and ammunition excise tax would raise $159 million in 2024-25. In May 2024, the administration revised its estimate to $103 million.
https://lao.ca.gov/LAOEconTax/Article/Detail/830

California State Library Budget [EdBudget]

May 7, 2025 - California State Library Budget [EdBudget]   a Includes $11.1 million in carryover funds. b Reflects reductions pursuant to Control Section 4.05 and Control Section 4.12 of the 2024-25 Budget Act. Specifically, Control Section 4.05 reduced the State Library's ongoing General Fund support by $2.4 million beginning in 2024-25.
https://lao.ca.gov/Education/EdBudget/Details/928

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - In June 2024, the Legislature not only addressed the 2024 ‑25 budget problem, but also took proactive steps to mitigate the anticipated 2025 ‑26 budget challenge. The June 2024 budget package included $28  billion in budget solutions for 2025 ‑26, although savings from some of these actions have since diminished.
https://lao.ca.gov/Publications/Report/5044

The 2025-26 Budget: Department of Real Estate

Mar 19, 2025 - This amount reflects an increase of $2.8  million (about 4  percent) from the revised 2024-25 level. The proposed budget would provide DRE with a total of about 387 positions in 2025-26 —an increase of 3 positions (less than 1  percent) from the revised 2024-25 level.
https://lao.ca.gov/Publications/Report/5019

Assessing The Recent Drop in Consumer Sentiment [EconTax Blog]

May 9, 2025 - The figure below shows the University of Michigan Consumer Sentiment Index since 1983, with the dashed lines showing months in which the index fell by at least 20 percent within six months, as it did between December 2024 and April 2025.
https://lao.ca.gov/LAOEconTax/Article/Detail/827

Assessing The Recent Drop in Consumer Sentiment [EconTax Blog]

May 9, 2025 - The figure below shows the University of Michigan Consumer Sentiment Index since 1983, with the dashed lines showing months in which the index fell by at least 20 percent within six months, as it did between December 2024 and April 2025.
https://lao.ca.gov/LAOEconTax/article/Detail/827

Annual Revision to Monthly Jobs Survey Shows Far Fewer Job Gains in 2024 [EconTax Blog]

Mar 21, 2025 - Annual Revision to Monthly Jobs Survey Shows Far Fewer Job Gains in 2024 [EconTax Blog] Annual Revision to Monthly Jobs Survey Shows Far Fewer Job Gains in 2024 March 21, 2025 Chas Alamo Federal Officials Rebench Monthly Jobs Figures Each Year to Match Payroll Records.  
https://lao.ca.gov/LAOEconTax/Article/Detail/825

Annual Revision to Monthly Jobs Survey Shows Far Fewer Job Gains in 2024 [EconTax Blog]

Mar 21, 2025 - Annual Revision to Monthly Jobs Survey Shows Far Fewer Job Gains in 2024 [EconTax Blog] Annual Revision to Monthly Jobs Survey Shows Far Fewer Job Gains in 2024 March 21, 2025 Chas Alamo Federal Officials Rebench Monthly Jobs Figures Each Year to Match Payroll Records.  
https://lao.ca.gov/LAOEconTax/article/Detail/825

Changes in California State Library General Fund Spending [EdBudget]

May 7, 2025 - Changes in California State Library General Fund Spending [EdBudget]     a Includes reductions of $2.4 million pursuant to Control Section 4.05 and $1.2 million (10 positions) pursuant to Control Section 4.12 of the 2024-25 Budget Act.
https://lao.ca.gov/Education/EdBudget/Details/929