The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - On the other hand, if a market downturn does not occur, revenues very likely will beat our forecast. Should this occur, we advise the Legislature to treat these extra revenues as temporary for the time  being. $18 Billion Budget Problem in 2026‑27 2025 ‑26 Budget Act Anticipated Deficits Through the Multiyear.
https://lao.ca.gov/Publications/Report/5091

Insurance regulation. [Ballot]

Nov 10, 2025 - The Insurance Commissioner would decide what home-hardening standards would need to be me t. An insurer could ask the Insurance Commissioner to waive this requirement if the insurer already covers a lot of homes in places with high wildfire risk.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-020

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - With a boost from the booming stock market, our forecast puts tax collections on track to beat expectations by $7  billion over the budget window (that is, from 2023 ‑24 through 2025 ‑26). This is entirely due to improving income tax collections, which would, under our forecast, end the current year 20  percent higher than two years ago.
https://lao.ca.gov/Publications/Report/4939

The 2024-25 Budget: Temporary Corporation Tax Increases [EconTax Blog]

May 17, 2024 - Suspensions Would Not Occur If Tax Collections Beat Expectations. The proposal includes language to stop the suspensions from taking effect if total collections from income, corporation, and sales taxes beat budget assumptions by three percent or more across May 2024 to April 2025.
https://lao.ca.gov/LAOEconTax/Article/Detail/804

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - To address this possibility, we estimate the age distribution again, this ti me only for workers who have lived in the U.S. for at least one decade. Figure  2 displays the results. These estimates are very similar to the numbers in Figure  1, indicating that recent immigration does not explain those age patterns.
https://lao.ca.gov/Publications/Report/4878/2

Managed care organization tax. [Ballot]

Oct 27, 2023 - The Legislature has not established the tax permanently, but instead has approved and renewed it for fixed periods of ti me. The tax currently imposes charges on the number of people MCOs enroll each month in their Medi-Cal and commercial lines of business.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-024

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - Expect Collections to Continue to Beat Projections … Driven by this strong growth, major tax collections in December and January exceeded Governor ’s Budget projections by about $6 billion. Income taxes accounted for all of these surplus collections (a portion of the income tax strength showed up under the corporation tax as elective pass-through entity taxes.)
https://lao.ca.gov/LAOEconTax/Article/Detail/777

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - Expect Collections to Continue to Beat Projections … Driven by this strong growth, major tax collections in December and January exceeded Governor ’s Budget projections by about $6 billion. Income taxes accounted for all of these surplus collections (a portion of the income tax strength showed up under the corporation tax as elective pass-through entity taxes.)
https://lao.ca.gov/LAOEconTax/article/Detail/777

Summary of Major 2022 Climate and Energy Legislation

Jan 6, 2023 - Carbon dioxide removal (CDR) involves extracting existing CO2 from the atmosphere and storing it using similar me thods as CCUS, or repurposing it into other products such as fuels or chemicals. The state has identified these technologies as an important part of efforts to achieve carbon neutrality.
https://lao.ca.gov/Publications/Report/4660

The 2022-23 California Spending Plan: Proposition 98

Oct 24, 2022 - By June 30, 2025, LEAs are to report to CDE how they used funding to improve the quality of school meals, increase participation in the subsidized school meal program, and increase capacity for freshly prepared on-site me als.
https://lao.ca.gov/Publications/Report/4641