The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The budget package removes both (1)  savings and loans, and (2)  banking or financial business from the list of QBA from tax year 2025 onwards. The administration estimates this change will increase revenues by $330  million in fiscal year 2025-26, decreasing slightly to $270  million by 2028-29.
https://lao.ca.gov/Publications/Report/5081

Building Reserves to Prepare for a Recession

Mar 7, 2018 - By most measures, the recession of the early 1990s was more severe than the dot ‑com bust in the early 2000s. For example, unemployment in California reached 9. 7  p ercent in mid ‑ to late ‑1992, but peaked at 6. 9  p ercent after the dot ‑com bust.
https://lao.ca.gov/Publications/Report/3769

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - The typical PE ratio since 1990 is 21 (19 if the dot-com bubble of the late 1990s and early 2000s is excluded). Similar to the price-to-earnings ratio, the home price-to-rent ratio is used to gauge if home prices are in line with underlying demand for housing.
https://lao.ca.gov/Publications/Report/3829

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

Feb 23, 2026 - The Governor proposes augmentations of $3.8  million in 2026 ‑27, $3.7  million in 2027 ‑28, $3.7  million in 2028 ‑29, and $1.2  million in 2029 ‑30 and ongoing from the Compliance Fund for the Tobacco Licensing Program to enforce AB  3218 and other flavor ban laws.
https://lao.ca.gov/Publications/Report/5132

Understanding California’s Property Taxes - Tax Receipts Vary [Video]

Understanding California’s Property Taxes - Tax Receipts Vary [Video] Search LAO Videos Understanding California’s Property Taxes November 29, 2012 In these videos, Principal Fiscal and Policy Analyst Mark Whitaker and Fiscal and Policy Analyst Chas Alamo discuss California 's property tax as a companion piece to the LAO 's report "Understanding California 's Property Taxes. " To
https://lao.ca.gov/Videos/Player?playlistId=16&videoId=54

Understanding California’s Property Taxes - Tax Distribution Concerns [Video]

Understanding California’s Property Taxes - Tax Distribution Concerns [Video] Search LAO Videos Understanding California’s Property Taxes November 29, 2012 In these videos, Principal Fiscal and Policy Analyst Mark Whitaker and Fiscal and Policy Analyst Chas Alamo discuss California 's property tax as a companion piece to the LAO 's report "Understanding California 's Property
https://lao.ca.gov/Videos/Player?playlistId=16&videoId=52

Understanding California’s Property Taxes - Property Tax Bills [Video]

Understanding California’s Property Taxes - Property Tax Bills [Video] Search LAO Videos Understanding California’s Property Taxes November 29, 2012 In these videos, Principal Fiscal and Policy Analyst Mark Whitaker and Fiscal and Policy Analyst Chas Alamo discuss California 's property tax as a companion piece to the LAO 's report "Understanding California 's Property Taxes.
https://lao.ca.gov/Videos/Player?playlistId=16&videoId=53

Understanding California’s Property Taxes - Evaluating Property Tax [Video]

Understanding California’s Property Taxes - Evaluating Property Tax [Video] Search LAO Videos Understanding California’s Property Taxes November 29, 2012 In these videos, Principal Fiscal and Policy Analyst Mark Whitaker and Fiscal and Policy Analyst Chas Alamo discuss California 's property tax as a companion piece to the LAO 's report "Understanding California 's Property
https://lao.ca.gov/Videos/Player?playlistId=16&videoId=55

Managing California’s Cash

Sep 3, 2019 - After a period of relative calm in the mid ‑ and late ‑1990s, California faced another series of years with acute budget problems following the dot ‑com bust and ensuing recession. Although the dot ‑com bust was relatively mild in economic terms, it hit the California budget —which is particularly reliant on the Bay Area ’s technology sector —especially hard.
https://lao.ca.gov/Publications/Report/4092

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

Feb 19, 2026 - The California Constitution requires the state to reimburse local governments when (1)  new state laws or regulations mandate that they implement a new program or higher level of service and (2)  the local government does not have offsetting revenues available to fully cover the associated costs.
https://lao.ca.gov/Publications/Report/5130