Cannabis Tax Revenue Update (2025 Q4) [EconTax Blog]

Feb 26, 2026 - Preliminary revenues tend to differ modestly from actual revenues for various reasons, such as delays in filing or payment. Current LAO Estimate for 2025-26: $648 Million. We currently project cannabis tax revenues of $648 million in 2025-26.
https://lao.ca.gov/LAOEconTax/Article/Detail/851

Cannabis Tax Revenue Update (2025 Q4) [EconTax Blog]

Feb 26, 2026 - Preliminary revenues tend to differ modestly from actual revenues for various reasons, such as delays in filing or payment. Current LAO Estimate for 2025-26: $648 Million. We currently project cannabis tax revenues of $648 million in 2025-26.
https://lao.ca.gov/LAOEconTax/article/Detail/851

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - While State Attorney General Bonta subsequently filed a lawsuit challenging the legality of the congressional revocation of this federal waiver, the state’s ability to pursue its ZEV adoption goals through ACC II requirements remains limited, at least until the lawsuit is resolved or federal policies change.
https://lao.ca.gov/Publications/Report/5140

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - For example, when taxpayers file returns, CDTFA must process every return. We often call these tasks workload. Proactive enforcement activities —such as field inspections —are different. There is no fixed number of inspections that must be conducted.
https://lao.ca.gov/Publications/Report/5132

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - In court filings, CDCR indicated to the Coleman court that it planned to deactivate 249 inpatient beds because “from September 2024 to present, between 40  percent and 48  percent of inpatient beds have been empty and unused. ” CDCR informed the court that closing such beds would still provide a sufficient buffer to accommodate fluctuations in the inpatient mental health population in the near term.
https://lao.ca.gov/Publications/Report/5134

The 2026-27 Budget: California Department of Corrections and Rehabilitation

Feb 23, 2026 - Newsom , was filed in federal court alleging that the state violated the Eighth Amendment of the U.S. Constitution prohibiting cruel and unusual punishment by providing inadequate mental health care in the state ’s prisons.
https://lao.ca.gov/Publications/Report/5137

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - Property owners seeking tax relief under Proposition  19 must file a claim with the county in which the new (replacement) residence is located. After Proposition  19 went into effect, a backlog of claims developed, and some tax bills were sent to property owners that had not been updated to reflect the lower amounts they were entitled to pay under the terms of Proposition  19.
https://lao.ca.gov/Publications/Report/5130

Firearms and Ammunition Revenue Update (2025 Q4) [EconTax Blog]

Feb 18, 2026 - For firearm and ammunition excise tax returns filed for the fourth quarter of 2025, the total amount of tax due is $16 million . So far, most of the changes in quarterly revenues appear to be seasonal, without much year-over-year growth.
https://lao.ca.gov/LAOEconTax/article/Detail/849

Firearms and Ammunition Revenue Update (2025 Q4) [EconTax Blog]

Feb 18, 2026 - For firearm and ammunition excise tax returns filed for the fourth quarter of 2025, the total amount of tax due is $16 million . So far, most of the changes in quarterly revenues appear to be seasonal, without much year-over-year growth.
https://lao.ca.gov/LAOEconTax/Article/Detail/849

The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 4, 2026 - It also prompted a complex law that excludes certain school spending from Proposition  98 calculations when the state overestimates the guarantee due to tax ‑filing extensions. The June 2025 budget alluded to this law in its explanation for the $1.9  billion settle ‑up delay in 2024 ‑25, and the Governor ’s budget makes a similar reference to explain the proposed delay in 2025 ‑26.
https://lao.ca.gov/Publications/Report/5110