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

Mar 9, 2026 - As our office warned last November, it now appears time to take seriously the notion that the stock market has become overheated. While there is a chance that this time is different and no such downturn is forthcoming, the risk appears strong enough that we have incorporated it into the state 's revenue outlook.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - As our office warned last November, it now appears time to take seriously the notion that the stock market has become overheated. While there is a chance that this time is different and no such downturn is forthcoming, the risk appears strong enough that we have incorporated it into the state 's revenue outlook.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Because of how sensitive California ’s revenues are to stock market performance, the Governor ’s approach yields a revenue estimate that is $30  billion above that of our office. Regardless of the revenue assumption used in the 2026-27 budget, both our office and the Governor ’s Department of Finance (DOF) agree that the state faces large structural deficits.
https://lao.ca.gov/Publications/Report/5104

MOU Fiscal Analysis: Bargaining Unit 7 (Public Safety) [Publication Details]

Sep 7, 2023 - MOU Fiscal Analysis: Bargaining Unit 7 (Public Safety) [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4802

MOU Fiscal Analysis: Bargaining Unit 7 (Public Safety)

Sep 7, 2023 - The high voluntary separation rates among Police and Sheriff ’s Patrol Officers and Public Safety Telecommunicators suggests that there could be a retention problem with state employees in these classifications.
https://lao.ca.gov/Publications/Report/4802

The 2021-22 Budget: Peace Officer Training Mandate

Feb 4, 2021 - New peace officers must generally complete this field training program after basic training but prior to assuming patrol duties. The program ’s field training officers (FTOs) —peace officers responsible for training and supervising new officers —must also meet certain training requirements.
https://lao.ca.gov/Publications/Report/4344

The 2022-23 Budget: Monitoring Correctional System Staff Misconduct Investigations

Feb 9, 2022 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/4520

Unit 2 (Attorneys) MOU Analysis [Publication Details]

Aug 25, 2022 - Unit 2 (Attorneys) MOU Analysis [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4619

Unit 2 (Attorneys) MOU Analysis

Aug 25, 2022 - Unit 2 (Attorneys) MOU Analysis August 25, 2022 Unit 2 (Attorneys) MOU Analysis On August 22, 2022, our office received a proposed memorandum of understanding (MOU) between the state and Bargaining Unit 2 (Attorneys and Hearing Officers).
https://lao.ca.gov/Publications/Report/4619

The 2023-24 Budget: Proposed Fund Shift for CHP and DMV Capital Projects

Feb 27, 2023 - These projects include: CHP Area Office Replacements —Humboldt and Gold Run. The Governor proposes $86  million in lease revenue bonds for the design ‑build phase of two CHP area offices: Humboldt and Gold Run.
https://lao.ca.gov/Publications/Report/4710