^[PDF] Proposition 26: Allows In-Person Roulette, Dice Games, Sports Wagering on Tribal Lands. Initiative Constitutional Amendment and Statute.

The fiscal effects would also depend on the number of people who choose to make sports bets and how often the new civil enforcement method is used. Increased State Revenues „ Increased state revenues, possibly reaching the tens of millions of dollars annually, from racetrack and tribal sports betting payments as well as civil penalties.
https://lao.ca.gov/handouts/crimjust/2022/Proposition-26-081022.pdf

^[PDF] Proposition 27: Allows Online and Mobile Sports Wagering Outside Tribal Lands. Initiative Constitutional Amendment and Statute.

L E G I S L AT I V E A N A LY S T ’ S O F F I C E 7 (Continued) Increased State Regulatory Costs „ Increased state costs to regulate online sports betting, possibly reaching the mid-tens of millions of dollars annually.
https://lao.ca.gov/handouts/crimjust/2022/Prop-27-081022.pdf

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - March 9, 2026 Chas Alamo State Budget Is Heavily Reliant on Stock Market Earnings. California 's progressive income tax system is heavily reliant on stock market earnings because the state has concentrated its tax collections among high-income earners whose incomes are most tied to the stock market through capital gains, equity compensation, and investment returns.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - March 9, 2026 Chas Alamo State Budget Is Heavily Reliant on Stock Market Earnings. California 's progressive income tax system is heavily reliant on stock market earnings because the state has concentrated its tax collections among high-income earners whose incomes are most tied to the stock market through capital gains, equity compensation, and investment returns.
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - These companies have made big bets on AI, spending hundreds of billions of dollars on data centers and offering extraordinary pay packages to recruit AI researchers. This spending, coupled with sizable gains to investors and tech company employees via stock options, is boosting state income tax receipts.
https://lao.ca.gov/Publications/Report/5091

The 2018-19 Budget: The May Revision—State Earned Income Tax Credit Expansion

May 14, 2018 - By increasing the maximum qualifying income, however, the proposal would increase the amount of the credit —by tens of dollars —for those filers with earned incomes that fall near the high end of current qualifying range.
https://lao.ca.gov/Publications/Report/3835

Online sports wagering. [Ballot]

Oct 20, 2021 - In total, increased state costs to regulate online sports wagering could reach the mid-tens of millions of dollars annually. Some or all of these costs w ould be offset by the increased revenue deposited into the COSBTF.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-017

^[PDF] 2000 Cal Facts: STATE–LOCAL FINANCES

Bank and Corporation General Corporations Financial Corporations 8.84% c (6.65% AMT) 10.84% (6.65% AMT plus adjustment factor) Applies to net income earned by corporations doing busi- ness in California.
https://lao.ca.gov/2000/calfacts/2000_calfacts_state-local.pdf

Tribal gaming. [Ballot]

Dec 27, 2021 - Increased state revenues that could range from the tens of millions of dollars to the mid-hundreds of millions of dollars annually, depending on how the measure is implemented and legally interpreted.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-039

Gaming. [Ballot]

Dec 18, 2023 - Revenues could reach into the tens of millions of dollars annually depending on how  the measure is interpreted and implemented given the uncertainties described above. Increased State Regulatory Costs.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-030