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

Mar 9, 2026 - Perhaps more concerning, income tax revenues stayed depressed for years following major downturns. Revenues regained their nominal levels in 55 months after the dot-com bubble, 53 months following the global financial crisis, and 40 months after the 2022 rate hike drawdown.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - Perhaps more concerning, income tax revenues stayed depressed for years following major downturns. Revenues regained their nominal levels in 55 months after the dot-com bubble, 53 months following the global financial crisis, and 40 months after the 2022 rate hike drawdown.
https://lao.ca.gov/LAOEconTax/article/Detail/852

Cannabis Tax Revenue Update (2025 Q4) [EconTax Blog]

Feb 26, 2026 - Chapter 56 of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. Preliminary Total for Fourth Quarter of 2025: $145 Million. The administration currently estimates that retail excise tax revenue was $145 million in the fourth quarter of calendar year 2025 (October through December).
https://lao.ca.gov/LAOEconTax/Article/Detail/851

Cannabis Tax Revenue Update (2025 Q4) [EconTax Blog]

Feb 26, 2026 - Chapter 56 of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. Preliminary Total for Fourth Quarter of 2025: $145 Million. The administration currently estimates that retail excise tax revenue was $145 million in the fourth quarter of calendar year 2025 (October through December).
https://lao.ca.gov/LAOEconTax/article/Detail/851

The 2026-27 Budget: Department of Justice

Feb 11, 2026 - However, beginning in 2022-23, expenditures began outpacing revenues, shrinking the fund balance. The Governor ’s budget estimates that the DROS Special Account will be insolvent in 2026-27 if no action is taken.
https://lao.ca.gov/Publications/Report/5118

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - The SAL Will Continue to Impact Budget Choices if Revenues Continue to Grow Faster Than the Limit. From 2015 ‑16 to our most recent estimates in 2022 ‑23, SAL revenues have grown an average of 7.4 percent annually.
https://lao.ca.gov/Publications/Report/4472

The 2025-26 Budget: California Department of Corrections and Rehabilitation

Feb 25, 2025 - CDCR Also Continuing to Operate Excess APP and ICF Bed Capacity. As shown in Figure   4 , CDCR is also operating excess capacity in other types of inpatient beds, including 205 APPs, 327  ICFs at both men ’s prisons and state hospitals, 32  APP/ICF beds at women ’s prisons, and 13 APP/ICF beds for the condemned population.
https://lao.ca.gov/Publications/Report/4986

Cannabis Tax Revenue Update (2025 Q3) [EconTax Blog]

Dec 2, 2025 - Chapter 56 of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. As that law required, the administration raised the retail excise tax rate from 15 percent to 19 percent on July 1, 2025.
https://lao.ca.gov/LAOEconTax/Article/Detail/844

Cannabis Tax Revenue Update (2025 Q3) [EconTax Blog]

Dec 2, 2025 - Chapter 56 of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. As that law required, the administration raised the retail excise tax rate from 15 percent to 19 percent on July 1, 2025.
https://lao.ca.gov/LAOEconTax/article/Detail/844

The 2025-26 Budget: Department of Justice

Feb 19, 2025 - In our review of DOJ ’s March  2022 report, we identified various concerns about the viability of the other potential funding options identified. For example, one potential funding option discussed in the report was to increase the specific fee added when individuals are convicted of criminal offenses which generates the revenue deposited into the DNA Identification Fund.
https://lao.ca.gov/Publications/Report/4972