The 2022-23 Budget: California’s Fiscal Outlook [Publication Details]

Nov 17, 2021 - Our annual Fiscal Outlook publication gives our office’s independent assessment of the California state budget condition for the upcoming fiscal year and over the longer term. In this report, we anticipate the state will have a $31 billion surplus to allocate in the upcoming fiscal year and operating surpluses ranging from $3 billion to $8 billion over the multiyear period.
https://lao.ca.gov/Publications/Detail/4472

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - In considering the state ’s 2022 ‑23 SAL estimates, we anticipate the state ’s SAL position in 2023 ‑24 to be a major consideration in the budget process and enactment. Our estimates for the state ’s SAL position across the budget window are also shown in the insert in Figure 6.
https://lao.ca.gov/Publications/Report/4472

California State Library Budget [EdBudget]

May 7, 2025 - In 2025-26, consists of $68.9 million for local library infrastructure projects. d Consists of $2.4 million for disaster preparedness and $750,000 for LGBTQ historical archives preservation. e Less than $500,000. f In 2023-24 and 2025-26, consists of carryover funds for the digitization of state agency resources. g In 2023-24, consists of $240,000 for the California History Room Special Collections.
https://lao.ca.gov/Education/EdBudget/Details/928

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

May 21, 2025 - Firearms and Ammunition Revenue Update (2025 Q1) [EconTax Blog] Firearms and Ammunition Revenue Update (2025 Q1) May 21, 2025 Seth Kerstein Beginning July 2024, Chapter 231 of 2023 (AB 28, Gabriel) imposed an 11 percent excise tax on retail sales of firearms, firearm precursor parts, and ammunition, with some exemptions.
https://lao.ca.gov/LAOEconTax/article/Detail/830

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

May 21, 2025 - Firearms and Ammunition Revenue Update (2025 Q1) [EconTax Blog] Firearms and Ammunition Revenue Update (2025 Q1) May 21, 2025 Seth Kerstein Beginning July 2024, Chapter 231 of 2023 (AB 28, Gabriel) imposed an 11 percent excise tax on retail sales of firearms, firearm precursor parts, and ammunition, with some exemptions.
https://lao.ca.gov/LAOEconTax/Article/Detail/830

Child Care Budget [EdBudget]

Apr 1, 2025 - Child Care Budget [EdBudget] a Reflects 2024-25 May Revision estimates with LAO adjustments. b Reflects 2025-26 Governor's Budget. c Does not include $11.2 million provided to community colleges for certain child care services. d Includes funding for family child care home education networks. e Includes cost estimates for quality programs, child care infrastructure, Child and Adult Care Food
https://lao.ca.gov/Education/EdBudget/Details/945

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Comparing Figure  1 with the 2023 data in Figure  3, white, Black, and Multiple/Other individuals are overrepresented among credit recipients relative to their California population share, while Hispanic/Latino and Asian individuals are  underrepresented.
https://lao.ca.gov/Publications/Report/5036

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

May 17, 2025 - We define a delay as a proposal that reduces expenditures within the budget window (2023 ‑24 through 2025 ‑26) but shifts those costs to a future year in the multiyear period (2026 ‑27 through 2028 ‑29).
https://lao.ca.gov/Publications/Report/5044

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

Mar 21, 2025 - The figure below compares the preliminary, monthly estimates of job growth between September 2023 and September 2024 to reviseed actual job growth as reported by the Bureau of Labor Statistics earlier this week.
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 - The figure below compares the preliminary, monthly estimates of job growth between September 2023 and September 2024 to reviseed actual job growth as reported by the Bureau of Labor Statistics earlier this week.
https://lao.ca.gov/LAOEconTax/article/Detail/825