Personal income tax rates for high-income taxpayers. [Ballot]

Oct 20, 2025 - These types of income are closely tied to the stock market and therefore go up and down a lot from year to year. In a weak year, the measure might bring in aroun d $5  billion in revenue. In a strong year, the measure might bring in $15  billion in annual revenue.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-016

Insurance regulation. [Ballot]

Nov 10, 2025 - An insurer could ask the Insurance Commissioner to waive this requirement if the insurer already covers a lot of homes in places with high wildfire risk. Any insurer that repeat edly violates this requirement or stops selling new insurance policies in order to avoid it would be banned from selling property and automobile insurance in California for five ye ars.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-020

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

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - The people who likely would gain the most from a fuel tax holiday are those who purchase a lot of fuel relative to their use of state highways —because they mostly use surface streets, or their vehicles consume a lot of fuel, or both.
https://lao.ca.gov/Publications/Report/4528

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 2025-26 Budget: Single Sales Factor for Financial Institutions [EconTax Blog]

Feb 13, 2025 - One reason for this result is that a lot of the benefit of a reduced tax burden on property and payroll accrues to firms already located in-state and do not expand in response to the change. This is also known as a windfall benefit.
https://lao.ca.gov/LAOEconTax/Article/Detail/821

The 2021-22 Budget: California State Payroll System IT Project

Feb 2, 2021 - The complexity of a full replacement of the state ’s current payroll system —which is what this IT project proposes —also requires a lot of time. The preliminary baseline project schedule anticipates system completion and initial deployment in 2027 ‑ 28 —a five ‑year time frame to develop and begin implementation of the new system.
https://lao.ca.gov/Publications/Report/4339

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 2022-23 Budget: Zero-Emission Vehicle Package

Feb 23, 2022 - So far, much of the funding provided to the California Energy Commission to support ZEV fueling infrastructure has been used for fueling and charging infrastructure in public and shared locations, such as parking lots, workplaces, and multi ‑unit dwellings.
https://lao.ca.gov/Publications/Report/4561