COVID-19 Disaster Declarations and Funding Implications

Mar 24, 2020 - As a result of this emergency, the federal government is marshaling resources to support states as they engage in response efforts, as well as to mitigate some of the associated economic impacts to businesses, local communities, and indi viduals.
https://lao.ca.gov/Publications/Report/4210

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

Mar 9, 2026 - This Time Might Be Different, but It Is Not Safe to Bet on It.   As our office warned last November, it now appears time to take seriously the notion that the stock market has become overheated. While there is a chance that this time is different and no such downturn is forthcoming, the risk appears strong enough that we have incorporated it into the state 's revenue outlook.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - This Time Might Be Different, but It Is Not Safe to Bet on It.   As our office warned last November, it now appears time to take seriously the notion that the stock market has become overheated. While there is a chance that this time is different and no such downturn is forthcoming, the risk appears strong enough that we have incorporated it into the state 's revenue outlook.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - The stock market (S &P 500) has risen 50  percent in the last two years. Most of these gains come from the meteoric rise in the value of a handful of tech companies that investors believe will be major beneficiaries of recent advances in AI.
https://lao.ca.gov/Publications/Report/5091

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

About $1.9 billion in lottery revenue supported education last year. — Cardrooms. Currently, 84 cardrooms in 32 counties can offer certain card games (such as poker). Cardrooms pay state and local fees and taxes—such as $24 million each year generally for state regulatory costs and around $100 million each year to cities in which they are located. — Horse Racing Betting.
https://lao.ca.gov/handouts/crimjust/2022/Proposition-26-081022.pdf

^[PDF] Overview of Gambling in California

This led to a number of states—such as Delaware, Mississippi, New Jersey, New York, Pennsylvania, Rhode Island, and West Virginia—to legalize sports betting. Numerous other states have considered authorizing legislation as well.
https://lao.ca.gov/handouts/crimjust/2019/Gambling-Overview-022619.pdf

"The Gaming Control Act of 1998"

Thus, the expanded games and wagering authorized under the measure could also be allowed at Indi an gambling establishments. Currently, agreements for off-track horse racing betting and certain lottery games have been negotiated between the state and certain Indian tribes.
https://lao.ca.gov/ballot/1998/980074_INT.html

Proposed constitutional initiative related to gaming activities. [Ballot]

Aug 1, 2018 - Banking games generally involve players betting against the “house, ” who is a participant in the game with an interest in its outcome, and percentage games generally involve the house receiving a percentage of the money involved in the game.
https://lao.ca.gov/BallotAnalysis/Initiative/2018-003

Online sports wagering. [Ballot]

Oct 20, 2021 - Creates Division of Online Sports Betting Control (DOSBC). This measure creates DOSBC within DOJ, which would have the exclusive authority to regulate online sports wagering as well as to investigate illegal wagering activities (such as “match-fixing ”).
https://lao.ca.gov/BallotAnalysis/Initiative/2021-017

The 2021-22 Budget: School Mental Health

Feb 12, 2021 - As a result, existing partnerships are better positioned to apply for the matching funds. Number of Projects Likely to Receive Matching Funds Is Uncertain. Because the proposal requires CDE to match eligible projects dollar for dollar, a handful of large counties with high ‑cost projects could receive the matching grants and entirely exhaust all available funding.
https://lao.ca.gov/Publications/Report/4368