California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - We have noted how following the dot-com bust and 2001 recession, California relied mostly on short-term solutions rather than realigning its structural imbalance. Consequently, the state went into the Great Recession a few years later with a structural deficit (and virtually no budget reserves), which greatly exacerbated the severity of the fiscal crisis that ensued.
https://lao.ca.gov/Publications/Report/5104

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog] How Have Past Stock Market Downturns Affected Income Tax Revenue? March 9, 2026 Chas Alamo State Budget Is Heavily Reliant on Stock Market Earnings.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog] How Have Past Stock Market Downturns Affected Income Tax Revenue? March 9, 2026 Chas Alamo State Budget Is Heavily Reliant on Stock Market Earnings.
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: How to Use One-Time Revenue Improvements [Publication Details]

Feb 20, 2026 - The 2026-27 Budget: How to Use One-Time Revenue Improvements [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/5133

The 2026-27 Budget: How to Use One-Time Revenue Improvements

Feb 20, 2026 - The 2026-27 Budget: How to Use One-Time Revenue Improvements The 2026-27 Budget How to Use One-Time Revenue Improvements Recent stock market performance continues to boost income tax collections. In our Fiscal Outlook , we strongly advised the Legislature to treat near-term strength in tax collections as temporary because we expect these gains to reverse.
https://lao.ca.gov/Publications/Report/5133

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

Jan 20, 2026 - The measure would have the following major fiscal effects: Increased state costs that would likely be in the tens of millions of dollars annually to establish and operate a new regulatory commission overseeing certain public benefit AI com panies.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - AI Enthusiasm Boosting Revenues, but for How Long? Middling Corporation and Sales Tax Collections in Line With Generally Weak Economic Conditions. Both the California and U.S. economies currently face significant headwinds.
https://lao.ca.gov/Publications/Report/5091

The 2025-26 California Spending Plan: Human Services

Nov 21, 2025 - After completing initial required job search activities, WTW participants (who had not gained employment via job search) generally participated in a skills and education assessment and worked with county staff to develop a WTW plan (during which they identified longer term WTW activities to participate in, such as education or training, communit y service, and subsidized employment).
https://lao.ca.gov/Publications/Report/5086/2

^[PDF] HMOs and Rural California

In those rural areas where these steps are not enough to attract HMOs, we identify ways com- munities can develop their own health care sys- tems based on the experience of one rural California county. ■ August 8, 2002 2 L E G I S L A T I V E A N A L Y S T ’ S O F F I C E A N L A O R E P O R T INTRODUCTION How and Why the LAO Conducted This Study Chapter 208,
https://lao.ca.gov/2002/hmos_rural_ca/8-02_hmos_rural_ca.pdf

^[PDF] San Diego County Regional Airport Authority: Assessing Governmental Accountability

Executive committee members could receive slightly higher compensation (similar to the differential between the com- pensation for state Legislators and legislative leadership). Key Questions Regarding Changing the Airport Authority’s Governance Structure 9L E G I S L A T I V E A N A L Y S T ’ S O F F I C E November 17, 2006 How Much Compensation Should Be Provided?
https://lao.ca.gov/handouts/localgov/2006/SD_Airport_Authority_111706.pdf