MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - Unlike the CalHR-developed methodology used for the compensation study of Units 2, 7, 9, 10, 12, 13, 16, 18, and 19, the Unit 6 compensation study uses a methodology that was agreed to at the bargaining table through a Joint Labor Management Committee process.
https://lao.ca.gov/Publications/Report/5058

The 2021-22 Budget: Labor Agreements Ending Personal Leave Program 2020

Jun 25, 2021 - Last Unit 6 Compensation Study —From 2013 —Showed CCPOA Compensated Above Market. As we indicated in our 2018 and 2019 analyses of the then proposed Unit 6 agreements, the last compensation study for Unit 6 was conducted using data from 2013.
https://lao.ca.gov/Publications/Report/4446

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 6 (Corrections) [Publication Details]

Jun 23, 2025 - MOU Fiscal Analysis: Bargaining Unit 6 (Corrections) [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/5058

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

2022-23 Fiscal Outlook Revenue Estimates [EconTax Blog]

Nov 17, 2021 - Along with this surge in assets prices has com e a significant uptick in initial public offerings of California companies. This activity similarly has boosted the incomes of Californians who own or work for these companies, which results in both higher withholding collections and tax payments for capital gains.
https://lao.ca.gov/LAOEconTax/Article/Detail/712

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

Sep 9, 2025 - Specifically, the state was on track to fully fund the benefit in 2042 (in the case of Unit 16), 2046 (in the case of Unit 19), 2047 (in the case of Units 2 and 13), 2048 (in the case of Units 5, 7, and 12), and 2049 (in the case of Units 6, 8, 9, 10, 18, and the nine bargaining units represented by Services Employees International Union, Local 1000).
https://lao.ca.gov/Publications/Report/5073

The 2021-22 Budget: The Governor’s Suspension Proposal

Jan 29, 2021 - Under its own revenue forecast, assuming the suspensions were operative, the administration estimates operating deficits would grow from $7. 6  b illion in 2022 ‑ 23 t o $11. 3  b illion in 2024 ‑25.
https://lao.ca.gov/Publications/Report/4328

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

Jul 14, 2025 - Figure 2 Summary of Provisions to Suspend Employer and Employee OPEB Prefunding Under Ratified Agreements Rates as a Percentage of Pay Unit Rates Suspended in 2025 ‑26 and 2026 ‑27 Year Rates Fully Restored 3.0 2027 ‑28 a The Unit 6 agreement suspends only the state employer contribution towards OPEB and maintains the employee contribution. b The agreements with Units
https://lao.ca.gov/Publications/Report/5064