The 2025-26 Budget: EDDNext [Publication Details]

Feb 25, 2025 - These include: (1) remove extended encumbrance and expenditure deadlines; (2) add a notification period for the Joint Legislative Budget Committee to review final project documentation for the proposed Integrated Case Management System / Integrated Data Management IT project; (3) require the California Department of Technology to publish oversight reports every other month; and, (4) require EDD to provide quarterly legislative meetings.
https://lao.ca.gov/Publications/Detail/4985

The 2025-26 Budget: Cap-and-Trade Expenditure Plan [Publication Details]

Feb 12, 2025 - The 2025-26 Budget: Cap-and-Trade Expenditure Plan [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/4960

The 2025-26 Budget: Office of Emergency Services—Request for Reappropriation of Law Enforcement Mutual Aid Fund Resources

Feb 24, 2025 - Under the proposal, these funds would be available for expenditure until June 30, 2029. (Unspent funds from 2022-23 and 2023-24 have already reverted.) Assessment Administration Seeks Additional Time in Pilot Phase.
https://lao.ca.gov/Publications/Report/4982

The 2021-22 California Spending Plan: The State Appropriations Limit

Aug 30, 2021 - The Legislature can use excess revenues in three ways: (1)  appropriate more money for purposes excluded from the state appropriations limit (SAL), (2)  split the excess between additional school and community college district spending and taxpayer rebates, or (3)  lower tax revenues.
https://lao.ca.gov/Publications/Report/4449

Assessing The Recent Drop in Consumer Sentiment [EconTax Blog]

May 9, 2025 - The figures below show growth in employment and state personal income tax revenues in the 24 months following a fall in consumer sentiment similar to the one recently observed. Employment and revenue growth are significantly lower in these periods than in a typical 24-month period.
https://lao.ca.gov/LAOEconTax/Article/Detail/827

Assessing The Recent Drop in Consumer Sentiment [EconTax Blog]

May 9, 2025 - The figures below show growth in employment and state personal income tax revenues in the 24 months following a fall in consumer sentiment similar to the one recently observed. Employment and revenue growth are significantly lower in these periods than in a typical 24-month period.
https://lao.ca.gov/LAOEconTax/article/Detail/827

The 2025‑26 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 20, 2024 - Regarding local property tax revenue, our estimates are up $789   million relative to the June 2024 estimates. This increase reflects recent data showing an uptick in home sales, which generate additional property tax revenue as properties are reassessed at market value.
https://lao.ca.gov/Publications/Report/4940

Update: Tech Company Equity Pay Driving Withholding in 2024 [EconTax Blog]

Nov 20, 2024 - With Stock Price Run-Up, Equity Pay Now An Even Larger Contributor to Income Tax Withholding.   As California 's tech companies have grown in size and value, equity pay withholding has increased as a share of total income tax receipts.
https://lao.ca.gov/LAOEconTax/Article/Detail/815

Update: Tech Company Equity Pay Driving Withholding in 2024 [EconTax Blog]

Nov 20, 2024 - With Stock Price Run-Up, Equity Pay Now An Even Larger Contributor to Income Tax Withholding.   As California 's tech companies have grown in size and value, equity pay withholding has increased as a share of total income tax receipts.
https://lao.ca.gov/LAOEconTax/article/Detail/815

Firearms and Ammunition Revenue Update [EconTax Blog]

Feb 21, 2025 - For firearm and ammunition excise tax returns filed for the first two quarters of 2024-25, the total amount of tax due is $29 million . Preliminary revenues tend to differ modestly from actual revenues for various reasons, such as delays in filing or payment.
https://lao.ca.gov/LAOEconTax/Article/Detail/823