The 2026-27 Budget: Re-Envisioning State Education Governance

Mar 18, 2026 - These studies recommended that the SBE (1)  become an advisory body or sounding board for the Governor and the head of CDE, and (2)  perform limited policymaking duties when explicitly directed by the Legislature.
https://lao.ca.gov/Publications/Report/5165

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: K-12 Proposals

Feb 19, 2026 - The administration ind icates it plans to modify this part of the proposal in the May Revision and may allow funds to be used for a broader set of activities related to community  schools. Effects of Community Schools Model Research Finds Benefits to Community Schools Model.
https://lao.ca.gov/Publications/Report/5131

The 2026-27 Budget: Higher Education Overview

Feb 5, 2026 - Back in 2022, Governor Newsom announced a compact with the segment heads. In those compacts, the Governor made fiscal commitments to propose annual funding increases for the segments. The compacts were intended to provide the segments with more predictable funding levels, while also promoting certain performance goals, such as enrolling more resident undergraduates and improvi ng graduation rates.
https://lao.ca.gov/Publications/Report/5112

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

Immunology and immunotherapy. [Ballot]

Dec 17, 2025 - The net fiscal impact of the ind irect effects of the measure is unknown at this time. Summary of Fiscal Effects. We estimate that the measure would have the following major, direct fiscal effect: Increased state costs of about $500 million annually for 25 years to repay the bonds.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-026

Disabled Veteran Business Enterprise Program Review

Dec 2, 2025 - This amount includes $626  million from 150  state entities that must report DVBE participation under state law (such as state government departments and agencies, which OSDS refers to as “mandatory reporters ”), and $117  million from 31 state entities that report voluntarily (such as universities, departments headed by constitutional officers and other independent state entities).
https://lao.ca.gov/Publications/Report/5095

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

The 2026-27 Budget: Medi-Cal Fiscal Outlook

Nov 19, 2025 - With so many moving pieces, and with the state ’s overall fiscal situation still heading in the wrong direction, the Legislature may need to continue considering its Medi ‑Cal priorities in the coming years.
https://lao.ca.gov/Publications/Report/5092