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

Online sports wagering. [Ballot]

Oct 20, 2021 - Under this measure, all of these revenues would be deposited into a new special fund, the California Online Sports Betting Trust Fund (COSBTF). After deducting state regulatory co sts, the measure requires 85  percent of revenues be allocated by the Legislature through the annual state budget process for the purpose of delivering permanent and interim housing.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-017

Gaming. [Ballot]

Dec 18, 2023 - Requires Payments Into Two New Sports Wagering Funds. This measure creates two new funds —the Tribal Sports Wagering Revenue Sharing Trust Fund (TSW-RSTF) and the California Sports Wagering Administration Regulation Fund (CSWARF).
https://lao.ca.gov/BallotAnalysis/Initiative/2023-030

Tribal gaming. [Ballot]

Dec 27, 2021 - Requires Payments Into Two New Sports Wagering Funds. This measure creates two new funds —the Tribal Sports Wagering Revenue Sharing Trust Fund (TSW-RSTF) and the California Homelessness and Mental Health Fund (CHMHF).
https://lao.ca.gov/BallotAnalysis/Initiative/2021-039

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

Sports wagering. [Ballot]

Dec 18, 2023 - If any new or amended compacts with tribes seeking to offer sports wagering are authorized, the measure requires these compacts to include certain sports wagering regulations. At minimum, these regulations must limit wagering to (1) bets made by people age of 21 and older; (2) professional or college sporting events that do not include animals other than horses; and (3) amateu r sporting events that do not include children under the age of 18.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-031

The 2026-27 Budget: Judicial Branch [Publication Details]

Feb 11, 2026 - This brief provides an overview of the proposed funding for the judicial branch in 2026-27. It also analyzes the Governor’s budget proposals related to court construction and facility modification projects.
https://lao.ca.gov/Publications/Detail/5113

The 2026-27 Budget: Judicial Branch

Feb 11, 2026 - In addition, it proposes $47.6  million one ‑time General Fund for the continuation of the following construction projects: $18.1  million reappropriation of funds for the performance criteria phase of the New Fresno Courthouse project, which had been delayed due to an extended site selection process. $14.1  million for the construction phase of projects to build out two
https://lao.ca.gov/Publications/Report/5113

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