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

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

Mar 9, 2026 - The Nasdaq composite, which includes the California headquartered companies Nvidia, Google, Facebook, Apple, AMD, and Broadcom, has doubled since 2023. The meteoric rise in the value of these companies has led to sizable gains for their investors and their employees via stock options, which has led income tax collections to grow at double-digit rates.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - The Nasdaq composite, which includes the California headquartered companies Nvidia, Google, Facebook, Apple, AMD, and Broadcom, has doubled since 2023. The meteoric rise in the value of these companies has led to sizable gains for their investors and their employees via stock options, which has led income tax collections to grow at double-digit rates.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

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

The 2026-27 Budget: California Department of Corrections and Rehabilitation [Publication Details]

Feb 23, 2026 - This brief provides our analysis of the Governor’s 2026-27 budget proposals related to California Department of Corrections and Rehabilitation.
https://lao.ca.gov/Publications/Detail/5137

The 2026-27 Budget: California Department of Corrections and Rehabilitation

Feb 23, 2026 - If the Legislature chooses to provide the funding for a limited period that is longer than three years, then it could set the due date for this report such that the report would be available to inform budget deliberations prior to the expiration of the funding.
https://lao.ca.gov/Publications/Report/5137

The 2026-27 Budget: Re-Envisioning State Education Governance

Mar 18, 2026 - It will also need to ensure it continues to receive data from CDE, potentially by codifying statutory reporting requirements or adopting supplemental reporting language. Other issues may arise as the transition proceeds.
https://lao.ca.gov/Publications/Report/5165

The 2026-27 Budget: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - February Status Report of Contract Provides Little Information. The administration submitted its first February status report of the BCG contract on February 6, 2026. This report provided little information beyond what was already included in the contract.
https://lao.ca.gov/Publications/Report/5156

The Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight

Mar 18, 2026 - In a 2010 report , SWRCB concluded that “current flows are insufficient.” The report also acknowledged the need for non‑flow habitat improvements, noting that flow and physical habitat measures are not interchangeable.
https://lao.ca.gov/Publications/Report/5163