Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - However, in a recession excess capital gains likely will be low or zero and Proposition 2 debt funding only results from the calculation’s base amount. In our Fiscal Outlook estimates, under a recession scenario, Proposition 2 debt payment funding would be about $400 million lower in each 2019‑20 and 2020‑21 and $250 million lower in 2021‑22.
https://lao.ca.gov/Publications/Report/3727

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - This suggests that the annual revenue loss from the flavor ban might be around $300  million to $400  million. Interpretation of Revenue Loss Unclear. Under the flavor ban, people who otherwise would consume flavored tobacco have three main options: (1)  avoid tobacco use altogether, (2)  switch to unflavored tobacco products, or (3)  obtain
https://lao.ca.gov/Publications/Report/4966

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - All three of these changes could have contributed to the trend shown in Figure  2 if (1)  The 25  percent rule was favoring smaller businesses above better-qualified applicants from larger firms, (2)  larger businesses provide better evidence on how the credit affects their decision-making, and (3)  larger firms are more likely to have, or participate in, job training programs.
https://lao.ca.gov/Publications/Report/5162

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - The California Constitution requires the state to reimburse local governments when (1)  new state laws or regulations mandate that they implement a new program or higher level of service and (2)  the local government does not have offsetting revenues available to fully cover the associated costs.
https://lao.ca.gov/Publications/Report/5130

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Based on the scope of the contract, the administration now anticipates (1)  savings of $425  million in 2025-26 from two departments ($300  million from DHCS and $125  million from CDCR) and (2)  unknown savings in the outyears.
https://lao.ca.gov/Publications/Report/5081/

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - The Governor proposes covering an additional $2  million of annual flavor ban enforcement costs by using existing Compliance Fund appropriations that the department has not been spending. Hemp ‑Derived Cannabinoids.
https://lao.ca.gov/Publications/Report/5132

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - As shown in Figure  4, the operating surplus under the Governor ’s budget is roughly $ 400  m illion in 2023 ‑24. This assumes, however, that the suspensions take effect, reducing General Fund spending by $2. 2  b illion in that year.
https://lao.ca.gov/Publications/Report/4135

Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - Substantial Rebates in Many Counties … As shown in Figure  2, 2023-24 rebate payments varied across counties. In nine counties, rebates exceeded $5 per resident. In seven others, rebates ranged from $1 to $5 per resident.
https://lao.ca.gov/Publications/Report/5074

The 2019-20 Budget: Analysis of Proposed Earned Income Tax Credit Expansion

Mar 6, 2019 - We estimate that roughly 1. 2  m illion workers receiving the EITC in 2017 were below the poverty line and 420,000 were in deep poverty. (Roughly 5. 2  m illion Californians overall are in poverty and 2. 5  m illion are in deep poverty.
https://lao.ca.gov/Publications/Report/3960

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options

May 12, 2022 - We also summarize these considerations in Figure  2 . Figure 2 Key Considerations for Designing a Fiscal Relief Package Which groups of Californians to prioritize in providing relief? Which potential policies best align with the Legislature ’s relief priorities?
https://lao.ca.gov/Publications/Report/4597