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

Feb 19, 2026 - The California Constitution specifies that the property value used for determining property taxes is set at the property ’s purchase price and then increased annually by 2  percent or less. However, Proposition  19 (2020) allows certain homeowners (such as people who are 55 years or older) to transfer their existing home value for property tax purposes to a new home anywhere in the state.
https://lao.ca.gov/Publications/Report/5130

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

Feb 23, 2026 - To support this sustained effort, we recommend that the Legislature set up opportunities to revisit program resources in the 2027 and/or 2028 budget processes. The administration has been spending General Fund on cannabis tax enforcement, which should be funded exclusively by the Cannabis Tax Fund.
https://lao.ca.gov/Publications/Report/5132