The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Second, any unawarded credits from the previous fiscal year can be added to the pool of available credits for the current fiscal year. Credit Pool Has Ballooned to over $923  million for the Current Year.
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 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - Some of the revenues from this tax pay for CDTFA ’s administration of the program, including enforcement activities. Most of the revenues pay for child care, environmental protection, and other types of programs.
https://lao.ca.gov/Publications/Report/5132

Local Sales Tax Rebates in 2023-24 [Publication Details]

Sep 16, 2025 - Some of California's local governments offer partial sales tax rebates to try to boost the amount of taxable sales within their borders. In 2023-24, these rebates totaled $140 million. In this post, we describe the distribution of rebate payments across cities and counties. We also examine some economic and demographic characteristics of rebate-paying jurisdictions.
https://lao.ca.gov/Publications/Detail/5074

Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - If retailers respond strongly to these rebates, then cities providing them could end up with higher revenues. From a statewide standpoi nt, however, this redirection of revenues reduces funding for cities.
https://lao.ca.gov/Publications/Report/5074

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Control Sections 90.00 and 90.01 During the special session called by the Governor, the Legislature added Control Sections 90.00 and 90.01 to the 2024-25 Budget Act providing up to $2.5  billion one-time from the General Fund for response and recovery costs related to the January 2025 Southern California wildfires.
https://lao.ca.gov/Publications/Report/5081/

How High? Adjusting California’s Cannabis Taxes

Dec 17, 2019 - Tiered Ad Valorem Also Relatively Volatile. Like a basic ad valorem tax, a tiered tax could raise volatile revenues. However, if the trend towards higher ‑potency products continues, then revenue from the tiered tax could grow accordingly, perhaps somewhat offsetting revenue slowdowns resulting from declining prices.
https://lao.ca.gov/Publications/Report/4125

Volatility of California’s Personal Income Tax Structure

Sep 28, 2017 - In other words, revenue from the PIT is more than five times as volatile as personal income itself. Below, we discuss the sources of the 9.9 AD difference between the 12.2 AD of the current PIT and the 2.3 AD of personal income.
https://lao.ca.gov/Publications/Report/3703

The 2020-21 May Revision: Revenue Proposals in the 2020-21 May Revision

May 20, 2020 - Whereas the administration estimates suspending NOLs and limiting credits as they propose would increase revenue by $4.4  billion in 2020 ‑21, we estimate that the revenue effect could be $2.9  billion to $3.6  billion.
https://lao.ca.gov/Publications/Report/4238

The 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - The 2018-19 May Revision: LAO Revenue Outlook The 2018-19 May Revision LAO Revenue Outlook This post details our General Fund revenue outlook for 2016-17 through 2021-22. Our estimates of General Fund revenues and transfers for the “budget window ” —2016-17 through 2018-19 —are $2.6 billion above the administration ’s May 2018 revenue forecast.
https://lao.ca.gov/Publications/Report/3830