Prohibit new taxes on financial assets and other personal property. [Ballot]

Jan 27, 2026 - Financial Assets Are Not Taxed. Many types of personal property are not taxed. One major type of personal property that is not taxed is financial assets like stocks. Proposal No New Taxes on Financial Assets or Other Personal Property.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

Oversight of certain nonprofit charities and related entities. [Ballot]

Jan 20, 2026 - Examples of such actions include the shutting down of the charity, a merger with another entity, and the sale or transfer of substantially all of the charity ’s assets. (Assets generally refer to anything of value —including land, work products, and patents —owned by an organization.)
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032

The 2026-27 Budget: California Student Aid Commission

Feb 17, 2026 - To be eligible for MCS awards, students only had to have household income and assets under specified program caps. These income and asset caps were adjusted annually for inflation. They did not vary by family size.
https://lao.ca.gov/Publications/Report/5127

The 2026-27 Budget: Medi-Cal Analysis

Mar 2, 2026 - Other solutions included partially restoring the asset test for seniors and persons with disabilities, ending coverage of anti ‑obesity drugs, and ending supplemental payments for dental services in Medi ‑Cal.
https://lao.ca.gov/Publications/Report/5146

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - In California, periods of extraordinary revenue growth, often fueled by booming asset markets, tend to obscure underlying budget problems only to reveal them later under far more difficult circumstances.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - In past years, the Department of Social Services (DSS) has noted that a potential driver of this steady caseload decline may be fewer individuals meeting income and asset eligibility thresholds. Governor ’s January Budget Includes Federal SSI COLA Estimates and Holds 2026-27 SSP Grants Unchanged.
https://lao.ca.gov/Publications/Report/5148

The 2026-27 Budget: University of California

Feb 26, 2026 - In 2024 ‑25, UCRP ’s funded status (comparing assets to liabilities) was 85  percent and is expected to reach  90  percent in 2025 ‑26. UCRP ’s funded status has tended to be better than other California state retirement plans.
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - The R ‑TACs have provided a wide range of technical assistance to schools, including assisting in conducting asset mapping and community needs assessments and offering communities of practice, where groups of schools implementing the model can share best practices.
https://lao.ca.gov/Publications/Report/5131