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Economy and Taxes (3)
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The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - However, since the lag between the credit agreement and the outcomes of interest can be up to several years, we do not yet have the economic data to evaluate the most recent rounds of awards. Credit Recapture and Recycling Credits Can Be Reclaimed if Milestones Not Met or Maintained.
https://lao.ca.gov/Publications/Report/5162

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

Feb 19, 2026 - In addition, counties generally have a practice of informing property owners of relief absent of state requirements. …But Reimburse County for Previously Incurred Costs. We recommend the state reimburse Los Angeles County for costs already incurred.
https://lao.ca.gov/Publications/Report/5130

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

Feb 23, 2026 - This suggests that flavor ban compliance problems likely have contributed to the revenue declines noted above. Cannabis and Tobacco Spending: Diverging Trends. In recent years, appropriations for the Cannabis Tax Program and for the Tobacco Licensing Program have grown modestly.
https://lao.ca.gov/Publications/Report/5132