Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - When a property changes ownership again, its taxable value is reset to its new purchase price. Property Tax Bills May Include Other Charges. Local governments may charge additional taxes and charges on property tax bills.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035

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

Aug 11, 2026 - Tax rules limit the use of NOLs following significant ownership changes, however, so losses cannot simply be transferred without restriction to any profitable purchaser. Carryforward treatment is therefore better understood as deferred recognition of losses contingent on future taxable income than as an upfr ont incentive for new business formation.
https://lao.ca.gov/LAOEconTax/Article/Detail/865

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

Jan 27, 2026 - New taxes on the ownership of financial assets or other personal property would not be allowed. Limits Retroactive Taxes. The measure limits the situations in which a ballot measure or the Legislature can raise a tax retroactively.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

The 2026-27 Budget: Department of Justice

Feb 11, 2026 - Under the direction of the Attorney General, the Department of Justice (DOJ) provides legal services to state and local entities; brings lawsuits to enforce public rights; and carries out various law enforcement activities, such as ensuring lawful ownership or possession of firearms and ammunition.
https://lao.ca.gov/Publications/Report/5118

Major Higher Education Budget Developments [EdBudget]

Jul 28, 2026 - . — Adds $9.8 million one time to raise the Cal Grant Transfer Entitlement age cap from 28 to 30 for five years. — Adds $10 million one-time state General Fund for GSTG awards in high-need fields of study to be provided in 2027-28. — Approves reducing 2026-27 MCS award coverage to 17.5 percent of students' remaining need.
https://lao.ca.gov/Education/EdBudget/Details/1105

The 2026-27 Budget: Judicial Branch

Feb 11, 2026 - Additionally, since 2009 ‑10, nearly $1.7  billion has been transferred from the judicial branch ’s construction accounts to the General Fund or to support trial court operations. These transfers were originally made to help address the fiscal difficulties then facing the state.
https://lao.ca.gov/Publications/Report/5113

Proposition 98 Key Inputs and Outcomes Under the May Revision [EdBudget]

May 29, 2026 - Proposition 98 Key Inputs and Outcomes Under the May Revision [EdBudget]   a Excludes nontax revenues and transfers, which do not affect the calculation of the guarantee.  b As set forth in the State Constitution, reflects change in per capita General Fund plus 0.5 percent. 
https://lao.ca.gov/Education/EdBudget/Details/1098

The 2026-27 Budget: Estimated State Savings From Proposition 47

Feb 23, 2026 - Governor ’s Proposal Estimated Savings of $81.3  Million in 2025-26 to Be Transferred to SNSF in 2026-27. The Governor ’s budget estimates that $81.3  million in savings will accrue to the state in 2025-26 and be transferred to the SNSF in 2026-27.
https://lao.ca.gov/Publications/Report/5108

The 2026-27 Budget: Streamlining California’s Affordable Housing Funding System

Mar 6, 2026 - Further, the intent is that this knowledge and program capacity will be transmitted to HDFC through the proposed position transfers from HCD  to HDFC. …Though, for Some Projects, Approach Would Run Contrary to Streamlining Goals.
https://lao.ca.gov/Publications/Report/5154

Elections and the initiative process. [Ballot]

Mar 23, 2026 - Of this new revenue each year, (1) $40  million would be transferred to the state General Fund; (2)  of the remaining amount, hundreds of millions of dollars would pay for county and state elections administration costs; and (3)  all of the remaining billions of dollars would be used to supplement compensation earned by specified state and local government employees for their work related to the citizen initiative process.
https://lao.ca.gov/BallotAnalysis/Initiative/2026-001