The 2026-27 Budget: Contract to Achieve Operational Efficiencies [Publication Details]

Mar 10, 2026 - The budget assumed that the process changes resulting from the contract would reduce state costs by $500 million in 2025-26, growing to $2 billion in annual savings by 2028-29. This post provides background on the state’s recent efforts to identify efficiencies to achieve budget savings and our office’s comments and recommendations concerning the progress of the administration’s efforts to reduce state costs through this contract.
https://lao.ca.gov/Publications/Detail/5156

Local taxes. [Ballot]

Aug 14, 2025 - The tax is limited to 55 cents per $500 in property sale (or 0.11  percent). A city can opt to impose a documentary transfer tax of half that rate (that is, 27.5  cents per $500) when the property sale is within its boundaries.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-006

Local taxes. [Ballot]

Jul 1, 2025 - The tax is limited to 55 cents per $500 in property sale (or 0.11 percent). A city can opt to impose a documentary transfer tax of half that rate (that is, 27.5 cents per $500) when the property sale is within its boundaries.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-005

Local taxes. [Ballot]

Jul 1, 2025 - The tax is limited to 55 cents per $500 in property sale (or 0.11 percent). A city can opt to impose a documentary transfer tax of half that rate (that is, 27.5 cents per $500) when the property sale is within its boundaries.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-004

Immunology and immunotherapy. [Ballot]

Dec 17, 2025 - Fiscal Effects Increased State Costs of About $500 Million Each Year for 25 Years to Repay the Bond. The estimated cost to repay the bond would be about $500 million each year over a 25-year period. Payments would be made from the state General Fund.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-026

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

Oct 22, 2025 - 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

Changes in California Student Aid Commission General Fund Spending [EdBudget]

Aug 25, 2025 - (The 2021‑22 Budget Act appropriated $500 million General Fund for this program, with funds to be spent over five years. The state anticipates exhausting the remainder of that original appropriation in 2025-26.) d The state changed its budgetary approach for the Middle Class Scholarship program by appropriating funding one year in arrears and paying for costs in 2025-26 using a General Fund loan. e Includes removal of 2024-25 one-time funds.
https://lao.ca.gov/Education/EdBudget/Details/985

The 2026-27 Budget: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - In June 2025, the administration estimated that this endeavor would result in annual General Fund savings of $500  million in 2025-26, growing to roughly $2  billion General Fund annually by 2028-29.
https://lao.ca.gov/Publications/Report/5156

The 2026-27 Budget: Cap-and-Invest Expenditure Plan

Feb 10, 2026 - Proposes $500  million to support the remainder of the planned $1.25  billion CalFire backfill. ZEV Incentive Program. Proposes $115  million to create a new light ‑duty ZEV incentive program . (The Governor also proposes providing $85 million from the Air Pollution Control Fund—similarly freed up from undoing the previously‑approved MVA fund transfer—to support this new ZEV program, for a total of $200 million.)
https://lao.ca.gov/Publications/Report/5114

Proposition 2 [Ballot]

Nov 5, 2024 - Fiscal Effects Increased State Costs of About $500  Million Each Year for 35 Years to Repay the Bond.  The estimated cost to repay the bond would be about $500  million each year (annually) over a 35-year period .
https://lao.ca.gov/BallotAnalysis/Proposition?number=2&year=2024