The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Moves Financial Institutions to Single Sales Factor Apportionment. Multistate and multinational corporations have their California tax liability calculated using a process known as apportionment. Most firms use the Single Sales Factor method, which calculates the percentage of a firm ’s sales that occur in California, and then subjects that percentage of the firm ’s profits to California taxation.
https://lao.ca.gov/Publications/Report/5081

The 2025-26 Budget: California Department of Corrections and Rehabilitation

Feb 25, 2025 - In addition, some adjustments include factors other than population trends, such as inflation adjustments. The admi nistration then modifies both types of adjustments based on updated information each spring as part of the May Revision.
https://lao.ca.gov/Publications/Report/4986

The 2025-26 Budget: SB 678 County Probation Grant Program

Apr 11, 2025 - The modified formula was put on hold in 2021-22 through 2024-25, again due to concerns that other factors —such as the COVID-19 pandemic —would cause awards to artificially fluctuate. As a result of this hold, counties received a set amount each year irrespective of performance.
https://lao.ca.gov/Publications/Report/5031