The 2025-26 Budget: Department of Real Estate

Mar 19, 2025 - The 2025-26 Budget: Department of Real Estate Department of Real Estate Background Department of Real Estate (DRE) Both Licenses and Regulates Real Estate Licensees. In California, real estate salespersons and brokers, mortgage lenders, and rental property managers must have a license issued by DRE in order to do business.
https://lao.ca.gov/Publications/Report/5019

The 2025-26 Budget: Department of Real Estate [Publication Details]

Mar 19, 2025 - The 2025-26 Budget: Department of Real Estate [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5019

Assessing California’s Climate Policies—Residential Electricity Rates in California

Jan 7, 2025 - Since then, various statutes and regulations have set specific targets, including Chapter  312 of 2018 (S B  100 , de Le ón) which requires 60  percent renewable generation by 2030 and  100  percent zero ‑carbon electricity by 2045.
https://lao.ca.gov/Publications/Report/4950

Online sports wagering. [Ballot]

Oct 20, 2021 - Gaming companies that have an agreement with a gaming tribe for access to the California market and either (1)  are licensed to offer online sports wagering in at least ten U.S. states or territories or (2)  are licensed to offer online sports wagering in at least five U.S. states or territories and operate or manage at least 12 U.S. casinos.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-017

Prohibit new taxes on financial assets and other personal property. [Ballot]

Jan 27, 2026 - Personal property is all the things that people own other than real estate. For example, the state taxes owners of cars and trucks. Similarly, local governments tax owner s of boats and business equipment.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

Residency rules for state personal income tax purposes. [Ballot]

Jan 27, 2026 - These commonly include wages for temporary work performed i n the state, owner income from businesses based in the state, and capital gains from selling real estate they own in the state. Nonresidents pay about 5  percent of all state income taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-039

The 2026-27 Budget: California Public Utilities Commission’s Implementation of AB 1207

Feb 10, 2026 - Specifically, it proposes to undertake assessments of whether credits should be provided differentially based on various potential factors —such as climate zones, household income levels, and utility service territories —as well as whether they should be allocated volumetrically rather than as fixed amounts.
https://lao.ca.gov/Publications/Report/5120

The 2023-24 Budget: Proposed Energy Policy Changes

Mar 10, 2023 - The IRP process was established in 2015 through Chapter  547 (S B  350 , de Le ón) to plan for how LSEs could meet mid ‑ and long ‑term energy procurement and GHG goals while maintaining reliability.
https://lao.ca.gov/Publications/Report/4735

New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - The abrupt reversal of inflation ’s decades-long trend of subsiding puts the Legislature in unfamiliar economic territory for budgeting and policymaking. As we prepared our fiscal outlook for the upcoming 2023-24 budget cycle, our office forecasted that heightened inflation will continue to be part of the economic backdrop.
https://lao.ca.gov/Publications/Report/4653

New tax on the wealth of billionaires. [Ballot]

Dec 11, 2025 - Real estate, pensions, and retirement accounts would be excluded from the tax. Most of the Money Set Aside for Health Care. Revenues from the wealth tax would be set aside in a special account. The state would decide how and when to spend the money but it would have to be spent on certain types of servi ces.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-024