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

Feb 23, 2026 - Some of these changes allow people who possess drugs or steal property worth $950 or less to be charged with felonies instead of misdemeanors in particular circumstances, such as if they have certain prior convictions.
https://lao.ca.gov/Publications/Report/5108

Retail Theft in California: Looking Back at a Decade of Change

Jun 12, 2025 - The crime involves possessing more than $950 worth of stolen property with the intent to sell that property. For the purposes of determining if the $950 threshold has been met, the law allows the dollar value of multiple acts of possessing stolen property within a two ‑year period to be aggregated.
https://lao.ca.gov/Publications/Report/5055

Proposition 36 [Ballot]

Nov 5, 2024 - For example, shoplifting (stealing items worth $950 or less from a store) and drug possession generally became misdemeanors. Proposal Proposition  36 makes several key changes related to punishments for theft and drug crimes.
https://lao.ca.gov/BallotAnalysis/Proposition?number=36&year=2024

The 2025-26 Budget: Estimated State Savings From Proposition 47

Feb 26, 2025 - However, Proposition  36 only affects a subset of those cases, such as by allowing multiple acts of misdemeanor theft to be prosecuted as a felony if the combined dollar amount exceeds $950. …Causing Proposition  47 Savings to Be Likely Underestimated.
https://lao.ca.gov/Publications/Report/4991

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

Theft crimes. [Ballot]

Jan 12, 2022 - Proposition  47 also generally requires that shoplifting (stealing property worth $950 or less from a commercial establishment) be punished as a misdemeanor —rather than a wobbler as was possible before.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-041

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

Drug and theft crimes. [Ballot]

Oct 11, 2023 - For example, prior to Proposition  47, possession of illegal drugs for personal use and shoplifting (stealing property worth $950 or less from a commercial establishment) could be punished as felonies.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-017

The 2023-24 Budget: College of the Law, San Francisco

Mar 8, 2023 - After hovering at approximately 950 full ‑time equivalent (FTE) students from 2016 ‑17 through 2020 ‑21, the school grew its enrollment notably in 2021 ‑22. That year, it enrolled 155 additional FTE  students, with its total enrollment reaching 1,099  students.
https://lao.ca.gov/Publications/Report/4732