MOU Fiscal Analysis: Bargaining Unit 16 (Physicians, Dentists, and Podiatrists)

Jul 14, 2025 - The state and Unit 16 agreed to this prefunding arrangement in 2017 , with the fund expected to be fully funded for Unit 16 within 30 years. In 2025-26, the state and employees represented by Unit 16 each contribute 1.4 percent of pay to prefund the benefit for Unit 16 members.
https://lao.ca.gov/Publications/Report/5064

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

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/article/Detail/852

Firearms and Ammunition Revenue Update (2025 Q4) [EconTax Blog]

Feb 18, 2026 - Preliminary Total for Fourth Quarter of 2025: $16 Million. For firearm and ammunition excise tax returns filed for the fourth quarter of 2025, the total amount of tax due is $16 million . So far, most of the changes in quarterly revenues appear to be seasonal, without much year-over-year growth.
https://lao.ca.gov/LAOEconTax/article/Detail/849

Firearms and Ammunition Revenue Update (2025 Q4) [EconTax Blog]

Feb 18, 2026 - Preliminary Total for Fourth Quarter of 2025: $16 Million. For firearm and ammunition excise tax returns filed for the fourth quarter of 2025, the total amount of tax due is $16 million . So far, most of the changes in quarterly revenues appear to be seasonal, without much year-over-year growth.
https://lao.ca.gov/LAOEconTax/Article/Detail/849

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: University of California

Feb 26, 2026 - Between 2015 ‑16 and 2024 ‑25, UC ’s FTE workforce increased by an annual average of 2.4  percent, while its FTE enrollment rose by 1.9  percent. As a result, the student ‑to ‑employee ratio declined slightly over the period (from 2.2 to 2.1).
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - Further, most SSI/SSP recipients (roughly 62  percent) live in the 16 counties with the highest FMRs, all of which are located within the coastal and San Francisco Bay regions. In all but one of these 16 counties, the maximum SSI/SSP grant for couples is less than the FMR for a one-bedroom unit (the maximum SSI/SSP grant for couples in Los Angeles is $14 above the FMR for a one-bedroom unit).
https://lao.ca.gov/Publications/Report/5148

Labor Agreements to Achieve Budgetary Savings

Jul 11, 2025 - Since June 30, 2025, the administration signed tentative agreements with Bargaining Units 10 (Professional Scientists) and 16 (Physicians, Dentists, and Podiatrists). The Unit 16 agreement is a proposed successor MOU to the expired Unit 16 MOU.
https://lao.ca.gov/Publications/Report/5063

Assessment of the Strong Workforce Program

Dec 10, 2025 - Figure 11 Earnings Improvements Vary Somewhat by Region Median Change in Earnings for CCC CTE Students 2015 ‑16 a 2022 ‑23 Compared to 2015 ‑16 b San Diego/Imperial
https://lao.ca.gov/Publications/Report/5098