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

Mar 9, 2026 - Income Taxes Tend to Lag Major Market Turns by Up to a Year. State income tax growth typically lags stock market turning points by six to twelve months. Before past downturns, taxes have generally grown briskly, often due to the same stock market run-ups that preeceded the downturn.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - Income Taxes Tend to Lag Major Market Turns by Up to a Year. State income tax growth typically lags stock market turning points by six to twelve months. Before past downturns, taxes have generally grown briskly, often due to the same stock market run-ups that preeceded the downturn.
https://lao.ca.gov/LAOEconTax/article/Detail/852

Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - Beginning in 2027, the measure would allow age-eligi ble homeowners to request an exemption from their county assessor if they have lived in the home for five years or lived in the state for ten years.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - We found that (1)  most mental health classifications appear to be relatively well paid compared to the broader market even before recent bonuses, (2)  other non ‑compensation factors appear to influence vacancy rates, (3)  the mental health Receiver plans to reassess whether further changes in pay are necessary, (4)  various other efforts are underway to improve recruitment and
https://lao.ca.gov/Publications/Report/5134

The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - As shown in Figure  5, from 2013-14 through 2020-21, the maximum combined SSI/SSP monthly grant amount for individuals (the bulk of the SSI/SSP caseload) and couples had increased on average by 1.2  percent annually —predominantly due to the provision of federal SSI COLAs.
https://lao.ca.gov/Publications/Report/5148

The 2026-27 Budget: California Department of Corrections and Rehabilitation

Feb 23, 2026 - A medical assistant at the prison can perform tasks that require a physical presence, such as adjusting the equipment or measuring the patient ’s blood pressure and other vital signs while the provider interacts with the patient remotely.
https://lao.ca.gov/Publications/Report/5137

2026-27 Changes in Proposition 98 Spending [EdBudget]

Jan 23, 2026 - LCFF = Local Control Funding Formula, COLA = cost-of-living adjustment, FCMAT = Fiscal Crisis and Management Assistance Team, and RSI = related and supplemental instruction 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/Education/EdBudget/Details/1067

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - These challenges would not be short-lived either. After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - Under S B  3 , the statewide minimum wage will continue to increase by up to 3.5  percent each year, depending on inflation. In recent years, the cumulative cost of annual minimum wage increases under S B  3 have represented about 5  percent to 10  percent of General Fund spending on services purchased for DDS consumers.
https://lao.ca.gov/Publications/Report/5157

Cal Grant Award Amounts [EdBudget]

Feb 3, 2026 - See "Cal Grant Award Coverage" for a description of each award. a Access awards generally may cover any living cost, including housing, food, transportation, books, and supplies. Cal Grant C awards for students attending private career technical schools may cover only books, supplies, and equipment.
https://lao.ca.gov/Education/EdBudget/Details/1080