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

The 2026-27 Budget: California State University

Feb 24, 2026 - From 2019 ‑20 to 2024 ‑25, CSU ’s debt service for state ‑approved projects grew from $295  million to $365  million (23  percent). (These amounts include debt service on university bonds as well as state bonds issued before 2014 ‑15.)
https://lao.ca.gov/Publications/Report/5142

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

The 2021-22 Budget: UC Programs in Medical Education

Feb 26, 2021 - In 2020 ‑21, 365 students (around 10  p ercent of all medical school students) enrolled in PRIME programs. PRIME students receive a minimum of four years of training, the same length as their other medical school peers.
https://lao.ca.gov/Publications/Report/4389

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