The 2025-26 Budget: Partial Income Tax Exclusion for Military Retirement Income [EconTax Blog]

Feb 13, 2025 - The United States Armed Services offer retirement pension benefits to servicemembers who complete 20 years of service. In retirement, eligible members receive 2  percent to 3  percent of the member ’s highest salary for each year of service they completed.
https://lao.ca.gov/LAOEconTax/article/Detail/820

The 2025-26 Budget: Partial Income Tax Exclusion for Military Retirement Income [EconTax Blog]

Feb 13, 2025 - The United States Armed Services offer retirement pension benefits to servicemembers who complete 20 years of service. In retirement, eligible members receive 2  percent to 3  percent of the member ’s highest salary for each year of service they completed.
https://lao.ca.gov/LAOEconTax/Article/Detail/820

The 2022-23 Budget: Governor’s Public Safety Package

Feb 17, 2022 - Increase in Number of Armed and Prohibited Persons. The state ’s Armed and Prohibited Persons System (APPS) identifies individuals who legally purchased or registered firearms, but subsequently became prohibited from owning or possessing them.
https://lao.ca.gov/Publications/Report/4546

Drug and theft crimes. [Ballot]

Oct 11, 2023 - For example, under curren t law, possession of certain drugs (such as cocaine, heroin, and methamphetamine) for personal use while being armed with a loaded firearm is a felony punishable by up to four year s in prison.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-017

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

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/article/Detail/852

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: Department of Justice

Feb 11, 2026 - A large portion of the General Fund support is used to support the Armed and Prohibited Persons System (APPS) enforcement teams, which seize firearms from people prohibited from owning or possessing them.
https://lao.ca.gov/Publications/Report/5118

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - The measure would have the following major fiscal effects: Increased state costs that would likely be in the tens of millions of dollars annually to establish and operate a new regulatory commission overseeing certain public benefit AI com panies.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

The 2025-26 Budget: Department of Justice

Feb 19, 2025 - Most of the General Fund is used to support the Armed and Prohibited Persons System (APPS) enforcement teams, which seize firearms from individuals prohibited from owning or possessing them. This has been the case since 2019 ‑20 when the budget package shifted full support of these teams over to the General  Fund.
https://lao.ca.gov/Publications/Report/4972