The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - The 2026-27 Budget: California's Fiscal Outlook Executive Summary Not Safe to Bet Artificial Intelligence ( AI) Fueled Exuberance Is Sustainable. Both the California and U.S. economies currently face significant headwinds.
https://lao.ca.gov/Publications/Report/5091

Gaming. [Ballot]

Dec 18, 2023 - Establishes State Regulation Over Sports Wagering. The measure provides CA DOJ and CGCC with some regulatory and oversight authority over sports wagering. The specific levels of authority that CA DOJ and CGCC would have over each t ribe would depend on the mechanism the tribe used to authorize sports wagering.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-030

Tribal gaming. [Ballot]

Dec 27, 2021 - Establishes State Regulation Over Sports Wagering. The measure provides DOJ and CGCC with some regulatory and oversight authority over sports wagering. The specific levels of authority that DOJ and CGCC would have over each tribe w ould depend on the type of authorization the tribe received.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-039

Sports wagering. [Ballot]

Dec 18, 2023 - Since 1999, 80 out of over 100 federally recognized tribes in California have negotiated tribal-state compacts with the state or have been issued federal gaming regulations. (We note that not all of these tribes currently operate casinos.)
https://lao.ca.gov/BallotAnalysis/Initiative/2023-031

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

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

Online sports wagering. [Ballot]

Oct 20, 2021 - This tax is applied to the amount a person bets. Additionally, the measure authorizes DOSBC to take va rious enforcement actions, including requiring people making such bets to register with DOSBC, requiring entities illegally offering online sports wagering to disclose the names of people who make wagers with them, and blocking access to illegal sites accepting sports wagers.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-017

Immunology and immunotherapy. [Ballot]

Dec 17, 2025 - The net fiscal impact of the ind irect effects of the measure is unknown at this time. Summary of Fiscal Effects. We estimate that the measure would have the following major, direct fiscal effect: Increased state costs of about $500 million annually for 25 years to repay the bonds.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-026

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

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