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

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - To do this, we add a stock market indicator to our forecast models alongside other the economic variables. The added risk variable weighs on the range of revenue outcomes that we view as most plausible.
https://lao.ca.gov/Publications/Report/5104

^[PDF] San Diego County Regional Airport Authority: Assessing Governmental Accountability

Throughout the United States, sheriffs typically do not ap- point members to the airport governance board. In general, this is because the sheriff’s responsibilities do not overlap signifi cantly with the responsibilities of an airport authority.
https://lao.ca.gov/handouts/localgov/2006/SD_Airport_Authority_111706.pdf

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Second, while our revenue estimates hedge against a market downturn, they do not reflect the revenue declines the state would experience in a recession. Third, the state has used most of its budget resiliency tools to address prior deficits.
https://lao.ca.gov/Publications/Report/5091

The 2026-27 Budget: County Administration and H.R. 1 Implementation

Mar 5, 2026 - What role do county policies and processes and the design and operation of automation and data systems play in determining the state ’s error rates in each program? Do some counties have significantly higher or lower error rates than others and are there practices or other circumstances that contribute to this  variation?
https://lao.ca.gov/Publications/Report/5149

^[PDF] Performance Budgeting Pilot Project

. ~ Proposed measures do not, for the most part, allow the Legislature to evaluate the DPR's progress from one year to the next with much consistency, because of the absence of baseline data or performance com- mitments which are good for only one year. ~ The administration's 1996-97 goal to have the DPR's entire program expressed in terms of budgeted funds and
https://lao.ca.gov/reports/1995/performance_budgeting_pilot_project_(s)_subcommittee_2.pdf

The 2026-27 Budget: Proposed Elimination of State Environmental Positions

Feb 17, 2026 - However, in many cases, the residual positions in question supported by special funds do not have a direct impact on the General Fund and thus do not factor directly into efforts to balance the budget.
https://lao.ca.gov/Publications/Report/5124

The 2026-27 Budget: California Highway Patrol Proposals

Mar 6, 2026 - We recommend the Legislature reject the proposed equipment and operating cost augmentations, as we do not find them to be well justified. We recommend the Legislature approve the capital outlay projects, but switch their funding source from the General Fund to the MVA.
https://lao.ca.gov/Publications/Report/5152

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - Because providers delivering tele ‑mental health services do not have to be physically present at a prison, this means that some of the concerns that accompany being on ‑site are addressed. For example, people working remotely likely do not face the same level of safety concerns that workers on site may experience when walking through a prison and interacting with various incarcerated people.
https://lao.ca.gov/Publications/Report/5134