California’s Cap-and-Trade Program: Frequently Asked Questions

Oct 24, 2023 - Chapter  488 of 2006 (AB  32, N ú ñez) established the target of limiting GHG emissions statewide to the 1990 level by 2020. 2030.  Chapter  249 of 2016 (SB  32, Pavley) extended the limit to at least 40  percent below the 1990 level by 2030. 2045.  
https://lao.ca.gov/Publications/Report/4811

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

Mar 9, 2026 - How Do Stock Market Downturns Affect State Income Tax Revenue? Major Market Downturns Deeply Affect State Income Taxes.   The figure below tracks income tax revenue following the seven long-lasting downturns noted earlier.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - How Do Stock Market Downturns Affect State Income Tax Revenue? Major Market Downturns Deeply Affect State Income Taxes.   The figure below tracks income tax revenue following the seven long-lasting downturns noted earlier.
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - California has established statutory goals for reducing statewide GHG emissions —down to at least 40  percent below the 1990 level by 2030, and to at least 85  percent below the 1990 level by  2045. Federal Air Quality Standards.
https://lao.ca.gov/Publications/Report/5140

The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - There are also some properties that appear to meet the de finition, although perhaps less clearly, like information technology projects. Does the State Need to Own the Asset to Count It as an Exclusion?
https://lao.ca.gov/Publications/Report/4547

The 2023-24 Budget: Proposed Energy Policy Changes

Mar 10, 2023 - Chapter 488 of 2006 (AB 32, Núñez/Pavley) established the goal of limiting GHG emissions statewide to 1990 levels by 2020. In 2016, Chapter 249 (SB 32, Pavley) extended the limit to 40 percent below 1990 levels by 2030.
https://lao.ca.gov/Publications/Report/4735

California New Car Registrations: February 2025 [EconTax Blog]

Apr 8, 2025 - Although car registrations might be of interest for reasons noted above, they do not appear to be a reliable proxy for broader measures of consumer spending. As shown in Figure 2 below, car registrations tracked inflation-adjusted ( “real ”) taxable sales quite closely from 1990 to 2006.
https://lao.ca.gov/LAOEconTax/Article/Detail/826

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

Jan 7, 2025 - Chapter  488 of 2006 (A B  32 , N ú ñez) established the goal of limiting GHG emissions statewide to  1990 levels by 2020. In 2016, Chapter  249 (S B  32 , Pavley) extended the limit to  40  percent below  1990 levels by  2030.
https://lao.ca.gov/Publications/Report/4950

A New Method For Current Year Revenue Forecasting [EconTax Blog]

Sep 20, 2021 - To do this, we removed a particular year from our dataset and then measured how well our model would have predicted that year without having any information about what actually happened. We then repeated this process for every year durin g the period 1990-91  through 2021-22.
https://lao.ca.gov/LAOEconTax/Article/Detail/696

The 2026-27 Budget: California Department of Corrections and Rehabilitation

Feb 23, 2026 - Coleman Court Monitoring Prison Mental Health Care Since 1990 Federal Court Found State Provided Inadequate Prison Mental Health Care. In 1990, a lawsuit, later renamed Coleman v. Newsom , was filed in federal court alleging that the state violated the Eighth Amendment of the U.S.
https://lao.ca.gov/Publications/Report/5137