The 2025-26 California Spending Plan: Housing, Homelessness and Local Government

Oct 22, 2025 - The budget package allows affordable housing developers funded by HCD to access and reinvest equity in their affordable housing projects in order to finance further investments in other affordable housing projects, subject to specified limitations.
https://lao.ca.gov/Publications/Report/5082

Personal income tax rates for high-income taxpayers. [Ballot]

Oct 20, 2025 - This is because much of the revenue comes from taxing investment income and capital gains. These types of income are closely tied to the stock market and therefore go up and down a lot from year to year.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-016

The 2025-26 California Spending Plan: Health

Oct 16, 2025 - The SNF WQIP provides performance-based directed payments to facilities that satisfied metrics in quality of care, equity in healthcare outcomes, and workforce investments. This budget solution provides General Fund savings of $70  million in 2025-26 and $140  million in 2026-27 and ongoing.
https://lao.ca.gov/Publications/Report/5075

The 2025-26 California Spending Plan: Transportation

Oct 16, 2025 - Instead, legislation enacted through the policy process —Chapter  121 of 2025 (SB  840, Lim ón) —reserves at least $1  billion from GGRF for the Legislature to appropriate for any purpose, with final amounts depending on the magnitude of cap-and-invest program auction revenues in a given year.
https://lao.ca.gov/Publications/Report/5077

The 2025-26 California Spending Plan: Natural Resources and Environmental Protection

Oct 16, 2025 - Legislature Extended Cap-and-Invest Program Through 2045. Separate from the budget, in September 2025, the Legislature adopted two significant pieces of legislation related to the cap-and-trade program and GGRF.
https://lao.ca.gov/Publications/Report/5080

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The budget accelerates $100  million of previously allocated funds from 2026-27 to 2025-26 for public infrastructure investments in the City of Fresno. Allocates Additional Resources to the SEED Initiative.
https://lao.ca.gov/Publications/Report/5081/

The right to boycott or engage in other activities to express opposition to the policies of the state of Israel toward Palestinians. [Ballot]

Sep 30, 2025 - Places Specific Restrictions on Public Investment and Retirement Funds. The measure places restrictions on public investment and retirement funds as well. Specifically, the measure prohibits public investment or retirement funds from adopting policies that infringe upon or restrict the right to support BDS activities.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-011

MOU Fiscal Analysis: Bargaining Units 10 (Professional Scientists) and 18 (Psychiatric Technician)

Sep 9, 2025 - These contributions are invested in a trust fund. Under the funding plan, the state may not use the assets of the trust fund to pay benefit costs until 2046 or the benefit is fully funded, whichever comes first.
https://lao.ca.gov/Publications/Report/5073

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 19, 2025 - As such, if the state were to incorporate a DROP as part of its compensation package to Uni t 8 members, the state would bear the risks associated with the program (for example, if actual investment returns fell short of the interest rate applied to funds in a DROP account).
https://lao.ca.gov/Publications/Report/5066

MOU Fiscal Analysis: Bargaining Unit 16 (Physicians, Dentists, and Podiatrists)

Jul 14, 2025 - The reduced amount of money invested in the trust fund will result in higher unfunded liabilities in the long-run. In most of the agreements, the state ’s contributions towards the benefit would be fully restored in 2027-28.
https://lao.ca.gov/Publications/Report/5064