Supplemental Report of the 2025-26 Budget Act [Publication Details]

Oct 6, 2025 - Supplemental Report of the 2025-26 Budget Act [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/5078

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - The 2026-27 Budget: California's Fiscal Outlook Executive Summary Not Safe to Bet Artificial Intelligence ( AI) Fueled Exuberance Is Sustainable. Both the California and U.S. economies currently face significant headwinds.
https://lao.ca.gov/Publications/Report/5091

The 2025-26 California Spending Plan: Housing, Homelessness and Local Government

Oct 22, 2025 - The budget provides $2.4  million one-time General Fund for the Civil Right Department ’s California vs. Hate initiative. California vs. Hate is a non-emergency hotline and online portal that allows state residents to report hate crimes and hate incidents.
https://lao.ca.gov/Publications/Report/5082

An Update on California Competes [EconTax Blog]

Mar 10, 2023 - Note: This report was prepared in fulfilment of the reporting requirements of Chapter 256, Statutes of 2021 (AB 176, Committee on Budget).  
https://lao.ca.gov/LAOEconTax/Article/Detail/771

Data Revisions Shows Monthly Survey Again Overstating Job Growth [EconTax Blog]

Dec 16, 2024 - Specifically, the rebench shows that payroll jobs declined by 78,000  from March 2024 through June  2023, while  the preliminary monthly  reports showed a solid increase in job growth (+68,000 jobs).  
https://lao.ca.gov/LAOEconTax/Article/Detail/818

Data Revisions Shows Monthly Survey Again Overstating Job Growth [EconTax Blog]

Dec 16, 2024 - Specifically, the rebench shows that payroll jobs declined by 78,000  from March 2024 through June  2023, while  the preliminary monthly  reports showed a solid increase in job growth (+68,000 jobs).  
https://lao.ca.gov/LAOEconTax/article/Detail/818

Online sports wagering. [Ballot]

Oct 20, 2021 - This tax is applied to the amount a person bets. Additionally, the measure authorizes DOSBC to take va rious enforcement actions, including requiring people making such bets to register with DOSBC, requiring entities illegally offering online sports wagering to disclose the names of people who make wagers with them, and blocking access to illegal sites accepting sports wagers.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-017

Gaming. [Ballot]

Dec 18, 2023 - Banking games generally involve players betting against the “house, ” who is a participant in the game with an interest in the outcome, and percentage games generally involve the house receiving a percentage of the money involved in the game.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-030

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

Mar 9, 2026 - This Time Might Be Different, but It Is Not Safe to Bet on It.   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 - This Time Might Be Different, but It Is Not Safe to Bet on It.   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