Updated "Big Three" Revenue Outlook (August 2026) [EconTax Blog]

Aug 19, 2026 - Our updated forecast anticipates revenues from the state ’s three largest taxes (income, corporation, and sales) will be similar to those assumed in the Budget Act enacted in June. We continue to caution that the stock market appears to be in the midst of a speculative bubble.
https://lao.ca.gov/LAOEconTax/article/Detail/867

Understanding California Corporate Taxation: Apportionment [EconTax Blog]

Aug 11, 2026 - Apportionment Choices Are Tax-Base Design, Not Tax Expenditures. Single Sales Factor can increase taxes for some firms and reduce taxes for others, but it is not best understood as a tax expenditure in the same sense as a credit, deduction, or exemption.
https://lao.ca.gov/LAOEconTax/Article/Detail/866

Understanding California Corporate Taxation: Net Operating Loss Deductions [EconTax Blog]

Aug 11, 2026 - If a tax loss is increased by a tax preference or a transaction whose tax treatment is disputed, a NOL can preserve that effect and allow it to offset future income. In some cases, the resulting tax loss may not reflect a comparable decline in the business ’s overall economic position.
https://lao.ca.gov/LAOEconTax/Article/Detail/865

Proposition 98 Spending Proposals [EdBudget]

Aug 5, 2026 - LCFF = Local Control Funding Formula, COLA = Cost-of-living adjustment, COE = county office of education, FCMAT = Fiscal Crisis Management Assistance Team, LGBTQ = lesbian, gay, bisexual, transgender, and queer.
https://lao.ca.gov/Education/EdBudget/Details/1136

2026-27 Changes in Proposition 98 Spending [EdBudget]

Aug 5, 2026 - LCFF = Local Control Funding Formula, COLA = Cost-of-living adjustment, COE = county office of education, FCMAT = Fiscal Crisis Management Assistance Team, LGBTQ = lesbian, gay, bisexual, transgender, and queer.
https://lao.ca.gov/Education/EdBudget/Details/1135

Overview of County Indigent Health Care [Publication Details]

Aug 5, 2026 - Overview of County Indigent Health Care [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5194

The 2011 Realignment of Adult Felony Populations: Results and Key Takeaways [Publication Details]

Jun 30, 2026 - The state also shifted a portion of tax revenues to counties to cover the additional costs. These changes were part of a larger shift of responsibilities known as the 2011 realignment. Pursuant to Chapter 96 of 2023 (AB 1080, Ta), this report provides information on how various aspects of the realignment of adult felony populations have been implemented and evaluates the results.
https://lao.ca.gov/Publications/Detail/5191

The 2011 Realignment of Adult Felony Populations: Results and Key Takeaways

Jun 30, 2026 - State Revenues Realigned to Counties Portion of State Sales Tax Revenue Shifted to Counties to Pay for Three Felony Populations. As a part of the 2011 realignment legislation, the state shifted a portion of sales tax revenue to counties to pay for their increased costs associated with managing the three felony populations.
https://lao.ca.gov/Publications/Report/5191

Primary elections in California. [Ballot]

Jun 29, 2026 - County elections officials administer most elections in California. As part of this work, they print and mail ballots and other voting materials to registered voters. Some state a gencies also have workload related to voting.
https://lao.ca.gov/BallotAnalysis/Initiative/2026-004

Annual Report on Tax Exemptions for Medicinal Cannabis [Publication Details]

Jun 11, 2026 - Annual Report on Tax Exemptions for Medicinal Cannabis [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5189