The 2026-27 Budget: County Administration and H.R. 1 Implementation

Mar 5, 2026 - What role do state policy decisions about eligibility processes play in affecting the complexity of operations and increasing or reducing the error rate in each program? Are there changes in state policy the state could consider that would reduce errors?
https://lao.ca.gov/Publications/Report/5149

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

Tribal gaming. [Ballot]

Dec 27, 2021 - This is because a federal court previously determined that the payments required by certain tribal-state com pacts into the state ’s General Fund for use at the state ’s discretion generally were an illegal tax prohibited under federal law.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-039

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

Mar 6, 2026 - Also, HCD currently plays a key role in the review and implementation of AHSC, so it already has “in house ” knowledge of the program. Further, the intent is that this knowledge and program capacity will be transmitted to HDFC through the proposed position transfers from HCD  to HDFC.
https://lao.ca.gov/Publications/Report/5154

The 2026-27 Budget: CalWORKs

Feb 18, 2026 - This dynamic is at play in the 2026-27 Governor ’s Budget , which newly identifies $270  million in prior-year unspent TANF funds. Before accounting for other changes in spending levels, this unspent TANF funding results in a downward swing in General Fund dollars in CalWORKs in 2025-26.
https://lao.ca.gov/Publications/Report/5122

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

Assessing California’s Climate Policies—Cap-and-Trade Reauthorization

May 7, 2025 - Revenues From Allowances Can Play Key Role in Helping Preserve Affordability. The value of allowances —both those that are given away for free and those that are sold to generate GGRF revenue —can play an important role in mitigating the program ’s impacts on affordability.
https://lao.ca.gov/Publications/Report/5042

The 2025-26 Budget: MCO Tax and Proposition 35

Feb 26, 2025 - Other state entities, such as UC and/or HCAI, may also play a role in implementing certain augmentations. With so many steps to undertake, it is likely that it will take months, or even longer, to begin implementing Proposition  35.
https://lao.ca.gov/Publications/Report/4992

Immunology and immunotherapy. [Ballot]

Dec 17, 2025 - Universities and research institutes also contribute some of their own funding, while philanthropy and state governments play a much smaller role in R &D funding. Immunology and Immunotherapy Are Areas of Medical R &D.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-026