Home Price Update: October 2021 [EconTax Blog]

Nov 18, 2021 - California has seen higher 12-month growth rates before: price growth topped out at 25.2 percent in 2004 and 23.7 percent in 2013. In contrast, the nation ’s highest previous growth rate since 1996 (the first year in Zillow ’s database) was 11.9 percent in 2005.
https://lao.ca.gov/LAOEconTax/Article/Detail/714

Home Prices Update: September 2021 [EconTax Blog]

Oct 20, 2021 - California has seen higher 12-month growth rates before: price growth topped out at 25.2 percent in 2004 and 23.7 percent i n 2013. In contrast, the nation ’s highest previous growth rate since 1996 (the first year in Zillow ’s database) was 11.9 percent in 2005.
https://lao.ca.gov/LAOEconTax/Article/Detail/706

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

MOU Fiscal Analysis: Bargaining Unit 10 (Professional Scientific)

Aug 14, 2024 - Employees at the top step of their salary range would receive these pay increases as SSAs. About 36  percent of Unit 10 members are at the top step of their salary ranges. In the absence of this agreement, employees at the top step would not get pay increases as employees at the top step are not eligible for merit salary adjustments (MSAs).
https://lao.ca.gov/Publications/Report/4918

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Jun 27, 2025 - Effective July 1, 2027, the agreement would provide SSAs that adjust the top and bottom steps of the salary ranges for all Unit 9 classifications. Specifically, the top steps would increase 4.5  percent and the bottom steps would increase 2  percent.
https://lao.ca.gov/Publications/Report/5061

MOU Fiscal Analysis: Bargaining Unit 19 (Health and Social Services/Professional)

Sep 1, 2023 - Employees who have been at the top step of an eligible classification for at least a year would automatically receive the specified pay increase. The below top step pay increases would go into effect July 1, 2023. 10  Percent: Psychologist Classifications.
https://lao.ca.gov/Publications/Report/4797

MOU Fiscal Analysis: Bargaining Unit 12 (Craft and Maintenance)

Jun 27, 2025 - The proposed agreement would replace the scheduled top step increase with a 3  percent GSI. While a top step increase applies only to employees at the top step of their salary range, a GSI applies to all members of the bargaining unit.
https://lao.ca.gov/Publications/Report/5060

MOU Fiscal Analysis: Bargaining Units 10 (Professional Scientists) and 18 (Psychiatric Technician)

Sep 9, 2025 - Increases 2025-26 Special Salary Adjustments for Employees Below Top Step of Salary Ranges. The 2024 MOU included pay increases in 2025-26 of (1)  between 4  percent and 5  percent for employees at the top step of their classification ’s salary range and (2)  3  percent for employees not at the top step of their classification ’s salary range.
https://lao.ca.gov/Publications/Report/5073

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