Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - For example, to encourage a retailer to set up shop in a city, the city could refund half of the Bradley-Burns tax paid by the retailer. If retailers respond strongly to these rebates, then cities providing them could end up with higher revenues.
https://lao.ca.gov/Publications/Report/5074

New Business Creation by Sector [EconTax Blog]

May 27, 2021 - This may be driven in part by increased remote shopping. In contrast, the leisure/hospitality (which includes rest aurants and hotels), business services, and construction sectors show more modest increases relative to 2019, and leisure/hospitality s hows a big drop in the early stage of the pandemic reflecting the public health orders and associated restrictions.
https://lao.ca.gov/LAOEconTax/Article/Detail/658

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

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/article/Detail/852

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - CDTFA ’s inspections of licensed smoke shops frequently result in seizures of illegal cannabis and/or tobacco products. 85  percent of the department ’s tobacco seizures include products that violate the flavor ban.
https://lao.ca.gov/Publications/Report/5132

Tribal gaming. [Ballot]

Dec 27, 2021 - This is because a federal court previously determined that the payments required by certain tribal-state com pacts into the state ’s General Fund for use at the state ’s discretion generally were an illegal tax prohibited under federal law.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-039

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - The measure would have the following major fiscal effects: Increased state costs that would likely be in the tens of millions of dollars annually to establish and operate a new regulatory commission overseeing certain public benefit AI com panies.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

Gaming. [Ballot]

Dec 18, 2023 - For example, some people who wager on sports would spend less on other revenue generating activities —such as shopping. The magnitude of the increase in state revenues is highly uncertain. Revenues could reach into the tens of millions of dollars annually depending on how  the measure is interpreted and implemented given the uncertainties described above.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-030

California gaming activities. [Ballot]

Oct 1, 2021 - For example, some individuals who wager on sports would spend less on other revenue-generating activity —such as shopping. The magnitude of the increase in state revenues is uncertain, but could reach the mid-hundreds of millions of dollars annually.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-009