The 2023-24 Budget: May Revenue Outlook [EconTax Blog]

May 13, 2023 - Instead, our ex ercise seeks to determine what current economic and revenue data can tell us about future revenues . That information currently is telling us to expect revenues to come in even weaker than the May Revision anticipates during the budget window.  
https://lao.ca.gov/LAOEconTax/Article/Detail/774

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

Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 24, 2025 - The data do not tell us who received each donation. Some patients likely received more than one donation in 2024, so this total likely overstates the number of distinct patients. For example, if a patient received six donations in 2024, then the transaction total includes that person six times.
https://lao.ca.gov/Publications/Report/5059

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

Monthly Jobs Report (December) [EconTax Blog]

Sep 20, 2022 - Monthly Jobs Report (December) [EconTax Blog] Chas Alamo What Does the Main Monthly Jobs Report Tell Us?   Payroll Employment Now Lower Than it Was a Year Ago.  According to the monthly business survey shown below, the state lost 1,700 jobs in December.
https://lao.ca.gov/LAOEconTax/Article/Detail/755

Monthly Jobs Report (December) [EconTax Blog]

Sep 20, 2022 - Monthly Jobs Report (December) [EconTax Blog] Chas Alamo What Does the Main Monthly Jobs Report Tell Us?   Payroll Employment Now Lower Than it Was a Year Ago.  According to the monthly business survey shown below, the state lost 1,700 jobs in December.
https://lao.ca.gov/LAOEconTax/article/Detail/755

The 2023-24 Budget: Commission on Peace Officer Standards and Training—Office of Administrative Hearing Costs

Feb 13, 2023 - Based on this research, POST estimated that 3,500 serio us misconduct cases may rise to the level of decertification annually, with approximately 300 to 350 being contested and a hearing set with OAH.
https://lao.ca.gov/Publications/Report/4677

California Housing Affordability Tracker (4th Quarter 2025) [EconTax Blog]

Jan 24, 2024 - California home prices continue to be much more expensive than the rest of the US. Prices for mid-tier homes are about $755,000 —more than twice as expensive as the typical mid-tier US home. (Mid-tier homes reflect home values in the 35 th to 65 th percentile range.)
https://lao.ca.gov/LAOEconTax/Article/Detail/793

California Housing Affordability Tracker (4th Quarter 2025) [EconTax Blog]

Jan 24, 2024 - California home prices continue to be much more expensive than the rest of the US. Prices for mid-tier homes are about $755,000 —more than twice as expensive as the typical mid-tier US home. (Mid-tier homes reflect home values in the 35 th to 65 th percentile range.)
https://lao.ca.gov/LAOEconTax/article/Detail/793