The 2024-25 Budget: Temporary Corporation Tax Increases [EconTax Blog]

May 17, 2024 - Suspensions Would Not Occur If Tax Collections Beat Expectations. The proposal includes language to stop the suspensions from taking effect if total collections from income, corporation, and sales taxes beat budget assumptions by three percent or more across May 2024 to April 2025.
https://lao.ca.gov/LAOEconTax/Article/Detail/804

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - Expect Collections to Continue to Beat Projections … Driven by this strong growth, major tax collections in December and January exceeded Governor ’s Budget projections by about $6 billion. Income taxes accounted for all of these surplus collections (a portion of the income tax strength showed up under the corporation tax as elective pass-through entity taxes.)
https://lao.ca.gov/LAOEconTax/Article/Detail/777

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - Expect Collections to Continue to Beat Projections … Driven by this strong growth, major tax collections in December and January exceeded Governor ’s Budget projections by about $6 billion. Income taxes accounted for all of these surplus collections (a portion of the income tax strength showed up under the corporation tax as elective pass-through entity taxes.)
https://lao.ca.gov/LAOEconTax/article/Detail/777

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - On the other hand, if a market downturn does not occur, revenues very likely will beat our forecast. Should this occur, we advise the Legislature to treat these extra revenues as temporary for the time  being. $18 Billion Budget Problem in 2026‑27 2025 ‑26 Budget Act Anticipated Deficits Through the Multiyear.
https://lao.ca.gov/Publications/Report/5091

Insurance regulation. [Ballot]

Nov 10, 2025 - The Insurance Commissioner would decide what home-hardening standards would need to be me t. 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.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-020

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - With a boost from the booming stock market, our forecast puts tax collections on track to beat expectations by $7  billion over the budget window (that is, from 2023 ‑24 through 2025 ‑26). This is entirely due to improving income tax collections, which would, under our forecast, end the current year 20  percent higher than two years ago.
https://lao.ca.gov/Publications/Report/4939

Involuntary Servitude [Ballot]

Jun 9, 2021 - As such, the fiscal effects of the me asure on state and local governments are uncertain. If the measure is interpreted to allow all forms of work currently performed by people in the criminal justice system, it would have no direct fiscal effect on state or local gover nments.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-003

The 2021-22 Budget: The Governor’s Proposition 2 Proposals

Apr 26, 2021 - Using our analysis of historical patterns, there is, in fact, a good chance that actual capital gains revenues could beat this projection. That said, there also is a real possibility of a stock market correction which would result in capital gains revenue well below projections.
https://lao.ca.gov/Publications/Report/4418

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - To address this possibility, we estimate the age distribution again, this ti me only for workers who have lived in the U.S. for at least one decade. Figure  2 displays the results. These estimates are very similar to the numbers in Figure  1, indicating that recent immigration does not explain those age patterns.
https://lao.ca.gov/Publications/Report/4878/2

Attorney compensation in certain civil lawsuits. [Ballot]

Nov 29, 2021 - State law places limits on contingency fee agreements in a few civil cases, such as prohibiting them in family law cases and imposing limits on the contingency fee percentage in me dical malpractice cases.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-031