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

Mar 9, 2026 - The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent). Perhaps more concerning, income tax revenues stayed depressed for years following major downturns.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent). Perhaps more concerning, income tax revenues stayed depressed for years following major downturns.
https://lao.ca.gov/LAOEconTax/article/Detail/852

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Throughout the mid-to-late 1990s, the stock market boomed over optimism around the Internet and dot-com start-ups. Strong tax revenue trends from this boom generated large budget surpluses that ultimately gave way to serious deficits once the bubble burst and PIT revenues declined nearly 30  percent.
https://lao.ca.gov/Publications/Report/5104

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - The measure would have the following major fiscal effects: Increased state costs that would likely be in the tens of millions of dollars annually to establish and operate a new regulatory commission overseeing certain public benefit AI com panies.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

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

Changes in University of California General Fund Spending [EdBudget]

Feb 13, 2026 - c Reflects nonresident replacement funding of $30 million for 2026-27 as well as deferred ongoing nonresident replacement funding of $31 million from 2025–26 to 2026–27 included in the 2025-26 Budget Act. 
https://lao.ca.gov/Education/EdBudget/Details/1044

The 2026-27 Budget: Office of Emergency Services Next Generation 911 System [Publication Details]

Feb 27, 2026 - This brief summarizes the history, costs, and current status of the state’s effort to deploy a Next Generation 911 system and assesses the administration’s proposal to abandon the existing regional approach in favor of a statewide model. It also offers recommendations regarding legislative oversight of this project and the long-term governance of the state’s 911 system.
https://lao.ca.gov/Publications/Detail/5145

The 2026-27 Budget: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - In November 2025, OES released an updated 2025 Next Generation 9 ‑1 ‑1 Transition Plan . Under the updated transition plan, the state will switch from the regional approach to a statewide approach with two statewide network providers —one prime network service provider and a back ‑up.
https://lao.ca.gov/Publications/Report/5145

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

Jan 12, 2026 - Taken together, the budget solutions in the Governor ’s budget result in an improvement in the budget ’s bottom line by $9  billion. Ongoing, the Governor ’s spending ‑related solutions provide $5  billion in savings within a few years.
https://lao.ca.gov/Publications/Report/5101

The 2026-27 Budget: Child Welfare

Mar 3, 2026 - Children ’s Crisis Continuum Pilot $60 million one ‑time in 2021 ‑22, most of which is available through June 30, 2026. Of the total amount, $4 million is available through June 30, 2027 to allow time to prepare a final report for the Legislature by April 1, 2027.
https://lao.ca.gov/publications/report/5147