Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - Civil penalties on covered co mpanies may be assessed as a percentage of annual gross revenue, beginning at 5 percent for initial violations and increasing to as much as 100 percent for violations that remain u ncured over specified time periods.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

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

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 California Spending Plan: Human Services

Nov 21, 2025 - The state funding is provided through Proposition 98 and non ‑Proposition 98 General Fund. c TEFAP is 100 percent federally funded. Emergency Food for Families funding is 100 percent state tax revenue collections.
https://lao.ca.gov/Publications/Report/5086/3

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

Dec 2, 2025 - As shown in the figure below, this forecast is nearly $100 million below the budget package assumption for 2025-26. The main reason for this difference is the tax cut noted above. Our forecast assumes that the market-expanding effects of the tax cut will offset only a small share of the forgone tax revenue.  
https://lao.ca.gov/LAOEconTax/Article/Detail/844

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

Dec 2, 2025 - As shown in the figure below, this forecast is nearly $100 million below the budget package assumption for 2025-26. The main reason for this difference is the tax cut noted above. Our forecast assumes that the market-expanding effects of the tax cut will offset only a small share of the forgone tax revenue.  
https://lao.ca.gov/LAOEconTax/article/Detail/844

2025 Update: Tech Company Stock Pay Accounts for One-Quarter of Withholding Growth So Far in 2025-26 [EconTax Blog]

Dec 3, 2025 - Including California ’s other large technology firms, the state ’s tech companies make up more than 60 percent of the total value of the Nasdaq 100 index, a list of the 100 most valuable companies listed on the Nasdaq stock exchange.
https://lao.ca.gov/LAOEconTax/article/Detail/843

2025 Update: Tech Company Stock Pay Accounts for One-Quarter of Withholding Growth So Far in 2025-26 [EconTax Blog]

Dec 3, 2025 - Including California ’s other large technology firms, the state ’s tech companies make up more than 60 percent of the total value of the Nasdaq 100 index, a list of the 100 most valuable companies listed on the Nasdaq stock exchange.
https://lao.ca.gov/LAOEconTax/Article/Detail/843

Notable Changes in California Community Colleges Proposition 98 Spending [EdBudget]

Nov 17, 2025 - Notable Changes in California Community Colleges Proposition 98 Spending [EdBudget] Total Changes $638 a Of this amount, $100 million is provided beginning in 2024-25 and $40 million is provided beginning in 2025-26. b Applies to the Adult Education Program, apprenticeship programs, CalWORKs student services, campus child care support, Disabled Students Programs and Services,
https://lao.ca.gov/Education/EdBudget/Details/1028