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

The 2025-26 Budget: Concession Bargaining

May 19, 2025 - The salary range has a minimum step and a maximum step (also referred to as a top step) with intermediary steps in-between. Employees who are not at the top step of their job classification’s salary range may be eligible for a merit salary adjustment (typically 5 percent) in each year that they meet certain expectations, until they are at the top step of the range.
https://lao.ca.gov/Publications/Report/5047

The 2025-26 Budget: California Department of Corrections and Rehabilitation

Feb 25, 2025 - The department also maintains 85 beds for women and people sentenced to death in state prisons that can be operated as either ICF or APP beds. Additionally, there are 30 beds in state hospitals that CDCR can refer women to.
https://lao.ca.gov/Publications/Report/4986

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Responses to the wage, earnings, and hours questions are relatively precise. The main exception is that high wages are top-coded: all wages above a certain amount are assigned the same value. In high-wage states like California, top-coding seriously hinders analyses that consider the upper portion of the wage distribution.
https://lao.ca.gov/Publications/Report/4878/4

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Jun 27, 2025 - Under state law, vacation or annual leave is considered a form of wages that is vested when earned. As such, employers cannot adopt a “use it or lose it ” policy for earned employee vacation and annual leave whereby unused vacation or annual leave above a certain level is forfeited at the end of the year.
https://lao.ca.gov/Publications/Report/5061

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

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

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

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

Jul 14, 2025 - Employees at the top step of their salary ranges would receive the pay increase. Employee not at the top step would not receive the pay increase. Correctional Medicine Differential —Resolution to PERB Case SA-CE-2168-S.
https://lao.ca.gov/Publications/Report/5064