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

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - In addition, the state partially covered program costs with $195  million from the Proposition  64 Youth Account, which is funded by the cannabis retail excise tax established in 2016. State Preschool programs are funded entirely with $2.9  billion in General Fund (including $1.9  billion in Proposition  98 General Fund).
https://lao.ca.gov/Publications/Report/5168

The 2026-27 Budget: California Competes Extension [Publication Details]

Mar 18, 2026 - This post assesses the Governor’s proposal to extend the California Competes Tax Credit program.
https://lao.ca.gov/Publications/Detail/5162

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

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - As part of the 2012 IHSS MOE, beginning in 2012 ‑13, all counties were required to maintain their 2011 ‑12 expenditure levels for IHSS, to which an annual growth factor of 3.5  percent was applied beginning in 2014 ‑15.
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - Individual Services Vary in Growth Rates and the Relative Share of Expenditures Over Time. Across all services, the average annual growth rate in spending from 2021 ‑22 to 2026 ‑27 (proposed) is 19  percent.
https://lao.ca.gov/Publications/Report/5157

The 2026-27 Budget: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - At the time of enactment, the 2024-25 budget assumed that these exercises would reduce ongoing General Fund departmental state operations expenditures by $2.8 billion by 2025-26. (In addition, it assumed $800 million in General Fund savings from the university systems.)
https://lao.ca.gov/Publications/Report/5156

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: Streamlining California’s Affordable Housing Funding System [Publication Details]

Mar 6, 2026 - In this brief, we provide background on affordable housing and affordable housing funding programs, describe and analyze the Governor’s budget proposals related to affordable housing funding, and provide recommendations to the Legislature.
https://lao.ca.gov/Publications/Detail/5154