The 2025-26 California Spending Plan: Housing, Homelessness and Local Government

Oct 22, 2025 - Another Round of Low-Income Housing Tax Credits. The budget authorizes $500  million for the state Low-Income Housing Tax Credit (LIHTC) program. (This amount is in addition to about $130  million in statutorily required state tax credits for the program in 2025-26.) 2025-26 is the seventh consecutive year the Legislature has authorized a $500  million tax credit.
https://lao.ca.gov/Publications/Report/5082

The 2025-26 Budget: State Mandate—Santa Ana Regional Water Quality Control Board

May 5, 2025 - Proposition  218 amended the Constitution to require voter approval for new or increased local taxes, assessments, and property-related fees. However, for certain property-related services —water, sewer, and refuse collection —local governments can raise fees without voter approval unless a majority of affected property owners submit written protests (majority protest).
https://lao.ca.gov/Publications/Report/5039

The 2022-23 Budget: The Governor's Housing Plan

Feb 14, 2022 - State Low Income Housing Tax Credits Background State Low ‑Income Housing Tax Credit Program. The state Low ‑Income Housing Tax Credit Program provides tax credits to builders of rental housing affordable to low ‑income households.
https://lao.ca.gov/Publications/Report/4535

An Initial Look at Effects of the COVID-19 Pandemic on Local Government Fiscal Condition

May 12, 2021 - Significant Reliance on Sales Tax Revenue. Many cities rely on sales tax revenue as a major revenue source for their budget. In the case of the 24 c ities most reliant on sales tax (the top 5 p ercent), sales and use tax collections in 2018 ‑ 19 c onstituted between 31 p ercent and 70 p ercent of total local revenues.
https://lao.ca.gov/Publications/Report/4428