The 2026-27 Budget: Framework for Approaching the Natural Resources, Environmental Protection, and Agriculture Budget

Feb 10, 2026 - With a heightened possibility of a market downturn —and resulting drop in income tax revenues —adopting the administration ’s revenue assumption would put the state on precarious footing. Further amplifying this precariousness, even under the administration ’s revenues, the budget is only roughly balanced in 2026 ‑27.
https://lao.ca.gov/Publications/Report/5116