The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Empirical Evidence Points to Effectiveness of Tax Credit for Job Creation. Recent evidence from academic research has found that the California Competes tax credit is relatively effective at increasing employment and providing an economic benefit to the state, especially relative to other tax expenditure programs in California and elsewhere.
https://lao.ca.gov/Publications/Report/5162

Comparing Options to Raise and Lower Taxes [Publication Details]

Mar 24, 2026 - Comparing Options to Raise and Lower Taxes [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5170

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: Medi-Cal Analysis

Mar 2, 2026 - Medi ‑Cal ’s share of General Fund expenditures was increasing, contributing to the budget problem that had emerged between the Governor ’s budget and  May  Revision. 2025 ‑26 Enacted Budget Included Several Solutions in Medi ‑Cal Program.
https://lao.ca.gov/Publications/Report/5146

The 2026-27 Budget: Governor’s Sustainable Aviation Fuel Tax Credit Proposal [Publication Details]

Feb 24, 2026 - The 2026-27 Budget: Governor’s Sustainable Aviation Fuel Tax Credit Proposal [Publication Details] Description: In this brief, we analyze the Governor's proposal to create a new credit against diesel excise tax liability to incentivize the use of sustainable aviation fuel in California.
https://lao.ca.gov/Publications/Detail/5139

The 2026-27 Budget: Governor’s Sustainable Aviation Fuel Tax Credit Proposal

Feb 24, 2026 - The 2026-27 Budget: Governor’s Sustainable Aviation Fuel Tax Credit Proposal Summary The Governor proposes budget trailer legislation to create a new tax credit against diesel excise tax liability to incentivize the use of sustainable aviation fuel (SAF) in California.
https://lao.ca.gov/Publications/Report/5139

The 2026-27 Budget: Medi-Cal Analysis [Publication Details]

Mar 2, 2026 - In this report, we analyze the Governor’s budget for Medi-Cal, with a focus on base spending trends, changes to provider taxes, implementation of new H.R. 1 rules, oversight over enacted budget solutions, and considerations for identifying additional savings in Medi-Cal.
https://lao.ca.gov/Publications/Detail/5146

UC Federal Grants and Contracts for Medical Care, R&D, and Other Purposes [EdBudget]

Feb 21, 2026 - UC Federal Grants and Contracts for Medical Care, R&D, and Other Purposes [EdBudget] a Amounts for 2024-25 are estimates based on 11 months of actuals. b Reflects expenditures, not annual grant award amounts. c This row excludes expenditures from NIH grants. 
https://lao.ca.gov/Education/EdBudget/Details/1047

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

Feb 23, 2026 - Background Cannabis Tax Program. CDTFA ’s Cannabis Tax Program administers a 15  percent excise tax on retail sales of cannabis products. Some of the revenues from this tax pay for CDTFA ’s administration of the program, including enforcement activities.
https://lao.ca.gov/Publications/Report/5132