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

Sep 9, 2025 - This means that the agreement would be in effect for three fiscal years: 2025-26, 2026-27, and 2027-28. Increases Pay in 2025-26 and 2027-28. The agreement would provide all Unit 18 members a 3  percent General Salary Increase (GSI) effective the first day of the pay period following ratification and an additional 3  percent GSI effective July 1, 2027.
https://lao.ca.gov/Publications/Report/5073

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 Analysis: Unit 10 (Professional Scientific)

Jan 30, 2023 - The disagreement primarily stems from union-raised pay equity concerns between two sets of employees: (1)  between Unit 9 and Unit 10 rank-and-file workers and (2)  between unit 10 rank-and-file workers and their supervisors.
https://lao.ca.gov/Publications/Report/4665

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

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - Such executives may be subject to penalties of up to $10 million per violation. In addition, certain willful misconduct —such as unauthorized expansion of AI capabilities or obstruction of investigations —would be punishable as a felony, with potential imprisonment of up to five years and fines of up to $10 million, or an amount equal to twice the financial gains resulting from the misconduct.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

The 2026-27 Budget: California State University

Feb 24, 2026 - Growth in health care costs has been particularly notable the past three years (with the highest growth in 2023‑24 at 10 percent). Pension Contribution Rates Have Remained Relatively Flat in Recent Years.
https://lao.ca.gov/Publications/Report/5142

The 2026-27 Budget: Bureau for Private Postsecondary Education

Mar 25, 2026 - As Figure  2 shows, the BPPE Fund is projected to become insolvent in 2027-28 regardless of whether the state provides the proposed General Fund appropriation. (This appropriation would have a small impact on BPPE ’s near-term fiscal condition, as it covers loan repayment costs that would otherwise be spread across the next six years.)
https://lao.ca.gov/Publications/Report/5169

The 2025-26 California Spending Plan: Transportation

Oct 16, 2025 - As highlighted in the figure, prior budget agreements also planned to provide a total of $668  million in 2026-27 and $1.1  billion in 2027-28 for competitive TIRCP and the Zero-Emission Transit Capital Program through a combination of General Fund ($418  million in 2026-27 and $611  million in 2027-28) and GGRF ($250  million in 2026-27 and $460  million in 2027-28).
https://lao.ca.gov/Publications/Report/5077