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: California Department of Corrections and Rehabilitation

Feb 23, 2026 - This brief provides our analysis of the Governor’s 2026-27 budget proposals related to California Department of Corrections and Rehabilitation.
https://lao.ca.gov/Publications/Report/5137

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

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - Unit 6 consists of correctional officers, parole agents, and other correctional staff who provide custody, supervision, and treatment of people in state custody. Unit 6 ’s current members are represented by the California Correctional Peace Officers Association ( CCPOA ).
https://lao.ca.gov/Publications/Report/5058

The 2025-26 Budget: Department of Financial Protection and Innovation

Apr 3, 2025 - Licenses and regulates businesses engaged in financial transactions, such as mortgage loan originators, finance lenders, and escrow agents, as well as residential mortgage lenders and servicers. Licensing and Supervision of Banks and Trust Companies Program.
https://lao.ca.gov/Publications/Report/5025

The 2025-26 Budget: Department of Real Estate

Mar 19, 2025 - (Real estate salespersons, also known as real estate agents or Realtors, work with a broker. Brokers are real estate salespersons who are licensed to manage their own businesses.) DRE is within the Business, Consumer Ser vices, and Housing (BCSH) agency.
https://lao.ca.gov/Publications/Report/5019

The 2025-26 Budget: Department of Real Estate [Publication Details]

Mar 19, 2025 - In this post, we assess key drivers of the structural imbalance of the Department of Real Estate’s primary source of funding—the state Real Estate Fund—and make recommendations to help ensure solvency.
https://lao.ca.gov/Publications/Detail/5019

The 2025-26 Budget: Governor’s Office of Business and Economic Development

Mar 18, 2025 - Hire Limited-Term Associate Governmental Program Analyst (AGPA) to Replace Fiscal Agent. CalOSBA proposes hiring one limited-term AGPA position from administrative funds to administer the grants. This replaces the role of the third-party fiscal agent in the previous grant round.
https://lao.ca.gov/Publications/Report/5018