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

Mar 9, 2026 - This Time Might Be Different, but It Is Not Safe to Bet on It.   As our office warned last November, it now appears time to take seriously the notion that the stock market has become overheated. While there is a chance that this time is different and no such downturn is forthcoming, the risk appears strong enough that we have incorporated it into the state 's revenue outlook.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - This Time Might Be Different, but It Is Not Safe to Bet on It.   As our office warned last November, it now appears time to take seriously the notion that the stock market has become overheated. While there is a chance that this time is different and no such downturn is forthcoming, the risk appears strong enough that we have incorporated it into the state 's revenue outlook.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - That said, recent budgets have set the SFEU bet ween $3.5  billion and $4.5  billion, so the Governor ’s budget proposal to set the balance to $4.5  billion is generally in line with recent policy.
https://lao.ca.gov/Publications/Report/5101

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - The 2026-27 Budget: California's Fiscal Outlook Executive Summary Not Safe to Bet Artificial Intelligence ( AI) Fueled Exuberance Is Sustainable. Both the California and U.S. economies currently face significant headwinds.
https://lao.ca.gov/Publications/Report/5091

Insurance regulation. [Ballot]

Nov 10, 2025 - Any insurer that repeat edly violates this requirement or stops selling new insurance policies in order to avoid it would be banned from selling property and automobile insurance in California for five ye ars.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-020

The 2025-26 California Spending Plan: Housing, Homelessness and Local Government

Oct 22, 2025 - The budget provides $2.4  million one-time General Fund for the Civil Right Department ’s California vs. Hate initiative. California vs. Hate is a non-emergency hotline and online portal that allows state residents to report hate crimes and hate incidents.
https://lao.ca.gov/Publications/Report/5082

California’s relationship with the United States of America. [Ballot]

Sep 30, 2025 - However, existing state commissions of similar sizes have budgets of ar ound $2  million annually. Summary of Fiscal Impact. If approved, this measure would have the following fiscal effects: Around $10 million in one-time election-related costs and to form the new commission on national sovereignty and independence.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-010

The right to boycott or engage in other activities to express opposition to the policies of the state of Israel toward Palestinians. [Ballot]

Sep 30, 2025 - Simil arly, the measure prohibits state and local government entities from accepting any monies or entering into a contract that requires an agreement to not participate in or to renounce boycott activities.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-011

Updating the California Necessities Index

Aug 14, 2025 - While future data availability cannot be fully predicted, certain statistics are statistically more reliable than others and ar e thus more likely to be available in the future. Options Considered Based on the criteria discussed above, we consider the following options for replacing the CNI.
https://lao.ca.gov/Publications/Report/5065

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - As such, whatever is ratified under a Unit 6 agreement will create a precedent that likely will be used as a model for successor agreements with the other six bargaining units expected to come to the table this ye ar.
https://lao.ca.gov/Publications/Report/5058