MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - The state and Unit 6 agreed to this prefunding arrangement in 2016 with the fund expected to be fully funded for Unit 6 by 2048. Today, the state and employees represented by Unit 6 each contribute 4 percent of pay to prefund the benefit for Unit 6 members.
https://lao.ca.gov/Publications/Report/5058

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

The 2021-22 Budget: Labor Agreements Ending Personal Leave Program 2020 [Publication Details]

Jun 25, 2021 - This analysis reviews 20 labor agreements received by the Legislature between June 9 and June 15, 2021. The analysis summarizes and provides comments on the agreements. In addition, the analysis provides overarching comments across the 20 agreements and offers recommendations to the Legislature.
https://lao.ca.gov/Publications/Detail/4446

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

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 - Moreover, we estimate costs in other programs to be about $6  billion higher than anticipated. Starting in 2027 ‑28, we estimate structural deficits to grow to about $35  billion annually due to spending growth continuing to outstrip revenue growth.
https://lao.ca.gov/Publications/Report/5091

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

California New Car Registrations: November 2025 [EconTax Blog]

Jan 6, 2026 - California New Car Registrations: November 2025 [EconTax Blog] California New Car Registrations: November 2025 January 6, 2026 Seth Kerstein As discussed in an earlier post , new car purchases can be a useful, timely economic indicator.
https://lao.ca.gov/LAOEconTax/Article/Detail/846