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

The 2026-27 Budget: Streamlining California’s Affordable Housing Funding System

Mar 6, 2026 - State Would Benefit From Leveraging Federal 9   Percent and State Tax Credits Too. The  Governor ’s budget is in some ways incomplete in that it is silent on the treatment of federal 9   percent tax credits and state tax credits for the proposed set ‑aside pool.
https://lao.ca.gov/Publications/Report/5154

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

The 2026-27 Budget: Medi-Cal Analysis

Mar 2, 2026 - The  smaller tax is due to an interaction with the new H.R. 1 rules and the commercial enrollment tax limits established in Proposition  35. Adjusts Health Plan Tax Spending Plan. The administration also adjusts its spending plan for a portion of health plan tax funds.
https://lao.ca.gov/Publications/Report/5146

Cannabis Tax Revenue Update (2025 Q4) [EconTax Blog]

Feb 26, 2026 - Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax. Chapter 56 of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. Preliminary Total for Fourth Quarter of 2025: $145 Million.
https://lao.ca.gov/LAOEconTax/Article/Detail/851

Cannabis Tax Revenue Update (2025 Q4) [EconTax Blog]

Feb 26, 2026 - Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax. Chapter 56 of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. Preliminary Total for Fourth Quarter of 2025: $145 Million.
https://lao.ca.gov/LAOEconTax/article/Detail/851

The 2026-27 Budget: University of California

Feb 26, 2026 - Eliminating these out ‑year augmentations would reduce projected state deficits in 2027 ‑28 and 2028 ‑29 without requiring programmatic cuts or tax increases. Rather than making commitments in advance, the Legislature could determine each year how much ongoing support it can afford to provide UC in light of overall fiscal conditions and competing budget priorities.
https://lao.ca.gov/Publications/Report/5143

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

Feb 24, 2026 - Most recently, the federal Inflation Reduction Act included a tax credit of up to $7,500 per vehicle for the purchase of new light ‑duty ZEVs and up to $4,000 per vehicle for the purchase of used light ‑duty ZEVs.
https://lao.ca.gov/Publications/Report/5140