Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - In the year a new owner takes over a property, its taxable value typically is its purchase price. Each year after that, the property ’s taxable value is adjusted for inflation by up to 2  percent. When a property changes ownership again, its taxable value is reset to its new purchase price.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035

The 2026-27 Budget: Cap-and-Invest Expenditure Plan

Feb 10, 2026 - The 2026-27 Budget: Cap-and-Invest Expenditure Plan $4,066 $4,221 a Revenue estimates assume allowances will sell at the same average premium above the price floor as has been the case for the last four quarters with fully subscribed auctions.
https://lao.ca.gov/Publications/Report/5114

The 2026-27 Budget: Governor’s Sustainable Aviation Fuel Tax Credit Proposal

Feb 24, 2026 - The total value of this stack depends on various factors such as LCFS and RFS credit prices, as well as the feedstocks used, but cumulatively could total a  couple dollars per gallon for SAF producers.
https://lao.ca.gov/Publications/Report/5139

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - Moreover, given the opaque nature of vehicle pricing, we expect that ensuring that incentives are passed on to consumers, rather than retained (at least to some degree) by manufacturers or vehicle dealers, will be difficult.
https://lao.ca.gov/Publications/Report/5140

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - At this point, stock prices are trading at a rich premium relative to corporate profits. Moreover, investors have been aggressive in taking on high levels of margin debt (borrowing to buy stocks), which has reached approximately three times the historical norm.
https://lao.ca.gov/Publications/Report/5104

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

Mar 3, 2026 - Estimates of federal poverty guidelines for 2027 are based on the LAO Consumer Price Index for All Urban Consumers (CPI ‑U) projection. The 2027 federal poverty guidelines will not be finalized until fall 2026.
https://lao.ca.gov/Publications/Report/5148

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The current run-up in stock prices is similarly concentrated in Silicon Valley technology companies, raising the risk of an outsized revenue loss if that market corrects sharply. With the concentration of stock market gains in technology companies, any event that shakes mar ket confidence, including things beyond waning enthusiasm about AI, could be detrimental to state revenues.    
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The current run-up in stock prices is similarly concentrated in Silicon Valley technology companies, raising the risk of an outsized revenue loss if that market corrects sharply. With the concentration of stock market gains in technology companies, any event that shakes mar ket confidence, including things beyond waning enthusiasm about AI, could be detrimental to state revenues.    
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - By the May Revision, the Legislature w ill have finalized data on the price index typically used to calculate the COLA rate. At that time, it will also have better information on state revenues, which will in turn affect the amount of funding available for ongoing Proposition  98 augmentations.
https://lao.ca.gov/Publications/Report/5150

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