The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - First, after four years of projected deficits and a cumulative total of $125  billion in budget problems solved so far, the state ’s negative fiscal situation is now chronic. Second, structural deficits have grown —our November outlook is the most negative forecast of the budget ’s position since the pandemic.
https://lao.ca.gov/Publications/Report/5101

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

Mar 9, 2026 - Once the stock market drops, revenue growth   first slows, then stalls, then turns negative. The dot-com example below illustrates this pattern. In practice, this means the state could see continued but weakened revenue growth for some time after a correction before the outlook turns clearly negative.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - Once the stock market drops, revenue growth   first slows, then stalls, then turns negative. The dot-com example below illustrates this pattern. In practice, this means the state could see continued but weakened revenue growth for some time after a correction before the outlook turns clearly negative.
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: Overview of the Governor's Budget [Publication Details]

Jan 12, 2026 - On January 9, 2026, Governor Newsom’s administration presented its proposed state budget to the California Legislature. In this report, we provide a high-level summary and our initial analysis of the Governor’s budget based on our preliminary review (as of January 10). Assembly Budget Handout (PDF) Senate Budget and Fiscal Review Handout (PDF)
https://lao.ca.gov/Publications/Detail/5101

California’s Child Welfare System: Addressing Disproportionalities and Disparities

Apr 24, 2024 - Research Shows Youth Who Experience Maltreatment Are More Likely to Experience Other Negative Outcomes. Children who have experienced the traumas associated with child maltreatment —whether or not they are placed into foster care —are significantly more likely to experience negative longer ‑term life outcomes.
https://lao.ca.gov/Publications/Report/4897

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - The Internet obviously has been a transformative innovation for society and the economy, but early on, financial markets valued dot-com and Internet firms above what their revenue-generating capacity warranted at the time.
https://lao.ca.gov/Publications/Report/5104

The 2025-26 Budget: California Spending Plan Series [Publication Details]

Oct 16, 2025 - Each year, our office publishes California Spending Plan, a series of publications that summarize the annual state budget. The flagship report of this series, Overview of the Spending Plan, is presented here along with short online posts that focus on major areas and features of the 2025-26 budget package. As the posts become available, we will add them below.
https://lao.ca.gov/Publications/Detail/5105

^[PDF] What Is the Variation in Racial and Ethnic Group Participation At California Public Colleges and Universities?

What Is the Variation in Racial and Ethnic Group Participation At California Public Colleges and Universities? HIGHER EDUCATION: ANSWERS TO FREQUENTLY ASKED QUESTIONS Issue 16: (Updated) December 2009 What Is the Variation in Racial and Ethnic Group Participation At California Public Colleges and Universities?
https://lao.ca.gov/sections/higher_ed/FAQs/Higher_Education_Issue_16.pdf

Time limits, environmental reviews, and judicial reviews for certain types of infrastructure projects. [Ballot]

Dec 10, 2025 - Third, the measure would allow the court to temporarily stop any part of an essential project t hat posed a public safety risk (until the issue was addressed), but would not allow the court to stop the project overall.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-023

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - One reason for this is that the CFC data has a 7  percent nonresponse rate and the propensity for nonresponse is not random across projects, which suggests that the true gender and ethnicity representation is different than what is reported by those who do respond.
https://lao.ca.gov/Publications/Report/5036