California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - At this point, stock prices are trading at a rich premium relative to corporate profits. Moreover, investors have been aggressive in taking on high levels of margin debt (borrowing to buy stocks), which has reached approximately three times the historical norm.
https://lao.ca.gov/Publications/Report/5104

Sales Tax Exemption for Bunker Fuel

Nov 19, 2025 - In the same month, the average prices per metric ton of marine gas oil in the Americas and in the Asia-Pacific region were $837 and $786, respectively. Maritime Fuel Deliveries. To estimate California deliveries of residual fuel oil (a major type of maritime fuel), we combine data from a couple of sources.
https://lao.ca.gov/Publications/Report/5094

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

Feb 25, 2025 - To address this concern, they announced the department is implementing the California Model, which aims to make “system changes that create an environment rich in rehabilitation, a safer and more professionally satisfying workplace for all staff, and improve outcomes and opportunities for success through robust re ‑entry efforts. ” More  specifically, the memorandum cited the
https://lao.ca.gov/Publications/Report/4986

Income Mobility in California Across Generations

Jan 4, 2017 - Chetty and Hendren used two decades of tax return data from 5 million families to assemble a uniquely rich data set. They measure income using pre–tax income from labor market earnings and capital (for example, from the sale of stocks or bonds), as well as unemployment, social security, and disability benefits.
https://lao.ca.gov/Publications/Report/3518

Frequently asked questions concerning Facebook and California's General Fund

Aug 1, 2012 - Beyond Facebook, the federal "fiscal cliff," volatile trends in the overall stock market, trends in consumer confidence, and the economic situation in parts of Europe and Asia are significant uncertainties that could result in larger revenue decreases (or increases) than Facebook alone.
https://lao.ca.gov/Recommendations/Details/618

^[PDF] The 2025-26 Budget: Medi-Cal Pharmacy Spending

Despite having relatively rich data on drug utilization, California lacks complete data in some areas related to pharmacy spending. Most notably, actual data on federal and state rebates are notably limited.
https://lao.ca.gov/reports/2025/5026/Medi-Cal-Pharmacy-Spending-040325.pdf

SRI International--Charter Schools Effectiveness

School administrators and teachers believed that this arrangement allowed teachers to specialize in certain strands of the curriculum and to develop rich units on a more manageable set of topics. Student Groupings and Multi-Age Classrooms.
https://lao.ca.gov/1997/121197_charter_schools/sri_charter_schools_1297-part2.html

^[PDF] Restoring the Salton Sea

In addition, as the Sea has become increasingly nutrient-rich, the occurrences of fish die-offs and unpleasant odors have made the Sea a much less attractive des- tination for recreation. If the Sea were restored such that fishing and boating became more at- tractive, there would be significant recreational potential at the Sea.
https://lao.ca.gov/2008/rsrc/salton_sea/salton_sea_01-24-08.pdf

2000 Budget Analysis: H&SS; DR 5160

We believe that maintaining such high vacancy rates undermines the Legislature's ability to effectively oversee the VR program because the department's staffing appears to be "rich er" than what is actually occurring.
https://lao.ca.gov/analysis_2000/health_ss/hss_15_DR_5160_anl00.htm

LAO 2003-04 Budget Analysis: Education, Intersegmental: Financial Aid

In conclusion, we recommend the Legislature eliminate the Governor's Scholarship programs because they distribute scarce resources in an inefficient manner —aiding all students, rich and poor, even if additional financial resources are not needed and will not promote access.
https://lao.ca.gov/analysis_2003/education/hied_05_Intersegmental_aid_anl03.htm