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

Mar 9, 2026 - 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 - 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

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Because of how sensitive California ’s revenues are to stock market performance, the Governor ’s approach yields a revenue estimate that is $30  billion above that of our office. Regardless of the revenue assumption used in the 2026-27 budget, both our office and the Governor ’s Department of Finance (DOF) agree that the state faces large structural deficits.
https://lao.ca.gov/Publications/Report/5104

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

Feb 27, 2026 - The 2026-27 Budget: Office of Emergency Services Next Generation 911 System [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5145

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

Feb 27, 2026 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/5145

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: Governor’s Office of Land Use and Climate Innovation Proposals [Publication Details]

Mar 19, 2026 - The 2026-27 Budget: Governor’s Office of Land Use and Climate Innovation Proposals [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5167

The 2026-27 Budget: Governor’s Office of Land Use and Climate Innovation Proposals

Mar 19, 2026 - Change From the Office of Planning and Research (OPR) to LCI. The functions that LCI performs were part of OPR until that office underwent restructuring in 2024 and split into two new offices: the Governor ’s Office of Service and Community Engagement (GO-SERVE) and LCI.
https://lao.ca.gov/Publications/Report/5167

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - Chancellor ’s Office Uses Scoring System to Select Projects for Bond Funding. To receive state bond funding, a community college district must first submit a project proposal to the Chancellor ’s Office.
https://lao.ca.gov/Publications/Report/5159

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

Mar 18, 2026 - State board of education appoints chief state school officer. 10 Governor appoints state board of education. Chief state school officer is elected. 9 State board of education is elected. State board of education appoints chief state school officer. 7 Note: Ten other states use less commonly adopted governance models.
https://lao.ca.gov/Publications/Report/5165