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

Oct 22, 2025 - The budget provides $2.4  million one-time General Fund for the Civil Right Department ’s California vs. Hate initiative. California vs. Hate is a non-emergency hotline and online portal that allows state residents to report hate crimes and hate incidents.
https://lao.ca.gov/Publications/Report/5082

Online sports wagering. [Ballot]

Oct 20, 2021 - Most notably, the measure requires tribes and technology businesses to pay a one-time initial license fee of $10  million and a license renewal fee of $1  million every five years. Gaming companies would be required to pay a one-time initial license fee of $100  million and a license renewal fee of $10  million every five years.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-017

Rethinking California's Reserve Policy

Apr 10, 2025 - According to this measure, California has one of the most volatile tax revenue systems in the country, ranking fifth out of 50 states. However, using data from the Fiscal Survey of States put together by the National Association of State Budget Officers, California ’s rainy day fund balances are somewhat below average.
https://lao.ca.gov/Publications/Report/5028

The 2021-22 Spending Plan: Proposition 98 and K-12 Education

Oct 25, 2021 - State regulations ordinarily allow substitute teachers to work continuously in one assignment for a maximum of 30 days. For the 2021 ‑22 school year, substitute teachers may work continuously in one assignment for 60 cumulative days.
https://lao.ca.gov/Publications/Report/4466

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - This year, for example, our outlook reflects our best estimates of the effects of H.R. 1: One Big Beautiful Bill Act on the state budget but does not make assumptions about future federal policy changes.
https://lao.ca.gov/Publications/Report/5091

Rethinking California's Reserve Policy [Publication Details]

Apr 10, 2025 - Reserves allow the state to ensure stable funding for its services over time, even when revenue fluctuates unpredictably. Over the last few years, the state has indeed experienced significant fluctuations—large surpluses followed by significant deficits. This volatility has prompted interest in changes to the state’s reserve policy.
https://lao.ca.gov/Publications/Detail/5028

An Update on California Competes [EconTax Blog]

Mar 10, 2023 - One potential interpretation is that the state is making high risk-high reward bets on businesses. While many of these bets do not pan out, the ones that do can be successful enough to yield overall benefits for the state.
https://lao.ca.gov/LAOEconTax/Article/Detail/771

Gaming. [Ballot]

Dec 18, 2023 - This measure authorizes tribes to offer online sports wagering through one of three mechanisms that would specify how the online wagering would be conducted, regulated, and enforce d. First, the measure amends state law to establish a framework to authorize federally recognized tribes with Native American lands in California to offer online sports wagering to individuals physically in California but not on Native American lands.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-030

Tribal gaming. [Ballot]

Dec 27, 2021 - This measure authorizes tribes to offer online sports wagering through one of three ways that would specify how the online wagering would be conducted, regulated, and enforced. Fir st, the measure amends state law to establish a framework to authorize federally recognized tribes with Indian lands in California to offer online sports wagering to individuals ph ysically in California but not on Indian lands.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-039

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - This Time Might Be Different, but It Is Not Safe to Bet on It.   As our office warned last November, it now appears time to take seriously the notion that the stock market has become overheated. While there is a chance that this time is different and no such downturn is forthcoming, the risk appears strong enough that we have incorporated it into the state 's revenue outlook.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852