October Tax Collections [EconTax Blog]

Nov 17, 2022 - The October variance instead arises from a timing issue related to the newly created   elective pass-through entity (PTE) tax . The administration anticipated a large amount of income tax refunds ($9.7 billion) would be paid in October, related to delayed claiming of credits for elective PTE payments for tax year 2021.
https://lao.ca.gov/LAOEconTax/Article/Detail/761

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

Mar 9, 2026 - March 9, 2026 Chas Alamo State Budget Is Heavily Reliant on Stock Market Earnings. California 's progressive income tax system is heavily reliant on stock market earnings because the state has concentrated its tax collections among high-income earners whose incomes are most tied to the stock market through capital gains, equity compensation, and investment returns.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - March 9, 2026 Chas Alamo State Budget Is Heavily Reliant on Stock Market Earnings. California 's progressive income tax system is heavily reliant on stock market earnings because the state has concentrated its tax collections among high-income earners whose incomes are most tied to the stock market through capital gains, equity compensation, and investment returns.
https://lao.ca.gov/LAOEconTax/article/Detail/852

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

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - The measure would have the following major fiscal effects: Increased state costs that would likely be in the tens of millions of dollars annually to establish and operate a new regulatory commission overseeing certain public benefit AI com panies.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Jun 27, 2025 - The state and Unit 9 agreed to this prefunding arrangement in 2015 with the fund expected to be fully funded for Unit 9 within 30 years. Today, the state and employees represented by Unit 9 contribute 2 percent of pay to prefund the benefit for Unit 9 members.
https://lao.ca.gov/Publications/Report/5061

Unit 9 (Professional Engineers) MOU Analysis [Publication Details]

Aug 25, 2022 - Unit 9 (Professional Engineers) 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/4620

Unit 9 (Professional Engineers) MOU Analysis

Aug 25, 2022 - Unit 9 (Professional Engineers) MOU Analysis August 25, 2022 Unit 9 (Professional Engineers) MOU Analysis On August 22, 2022, our office received a proposed memorandum of understanding (MOU) between the state and Bargaining Unit 9 (Professional Engineers).
https://lao.ca.gov/Publications/Report/4620

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091

Home Price Update: October 2021 [EconTax Blog]

Nov 18, 2021 - Previous recessions have had disparate effects on home prices: they were largely unaffected by the collapse of the dot-com bubble in 2001, while in the late 2000s the collapse of the housing bubble was the single biggest factor that led to the financial crisis.
https://lao.ca.gov/LAOEconTax/Article/Detail/714