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Economy and Taxes (2)
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The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Changes made to the program in 2018 likely explain much of this trend. Specifically, the 2018 budget package: Removed a requirement that 25  percent of credits be reserved for businesses with less than $2  million in annual revenue.
https://lao.ca.gov/Publications/Report/5162

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

Feb 23, 2026 - Cannabis and Tobacco Spending: Diverging Trends. In recent years, appropriations for the Cannabis Tax Program and for the Tobacco Licensing Program have grown modestly. The actual amounts spent on the two programs, however, have followed markedly different trends.
https://lao.ca.gov/Publications/Report/5132