California New Car Registrations: February 2026 [EconTax Blog]

Apr 7, 2026 - After growing just 1 percent from December to February, registrations are still 5 percent below the average level over the last couple of years. This slump is becoming an increasingly worrisome sign for California ’s short-term economic trajectory.
https://lao.ca.gov/LAOEconTax/Article/Detail/855

The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 4, 2026 - Several signs, however, suggest that the stock market has become overvalued. For example, the ratio of stock prices to corporate earnings (a measure of how expensive stocks are) is near historically high levels ( Figure  5 ).
https://lao.ca.gov/Publications/Report/5110

The 2026-27 Budget: How to Use One-Time Revenue Improvements

Feb 20, 2026 - The Governor ’s budget also maintains a $7  billion withdrawal from the BSA in 2025-26. If a May Revision windfall exceeds the amount needed to fund the true up, we recommend the Legislature use those resources to reduce the size of this withdrawal.
https://lao.ca.gov/Publications/Report/5133

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

Mar 19, 2026 - Note: Numbers may not add up due to rounding. LCI = Governor ’s Office of Land Use and Climate Innovation; EEO = Equal Employment Opportunity; and CEQA = California Environmental Quality Act. Assessment Administration Has Provided Reasonable Justification for Proposals.
https://lao.ca.gov/Publications/Report/5167

The 2026-27 Budget: University of California

Feb 26, 2026 - The revised policy allows for tuition increases of up to 1 percentage point above inflation as long as the rate remains below the 5 percent cap. Beginning in 2027‑28, if the approved rate increase is less than the 5 percent cap, UC also may carry forward the unused portion and apply it in a future year (as long as the 5 percent cap is not exceeded each year).
https://lao.ca.gov/Publications/Report/5143

California New Car Registrations: January 2026 [EconTax Blog]

Mar 11, 2026 - After growing just 0.3 percent from December to January, registrations are still 5 percent below the average level over the last couple of years. This multi-month slump could be a worrisome sign for California ’s short-term economic trajectory.
https://lao.ca.gov/LAOEconTax/Article/Detail/853

California New Car Registrations: January 2026 [EconTax Blog]

Mar 11, 2026 - After growing just 0.3 percent from December to January, registrations are still 5 percent below the average level over the last couple of years. This multi-month slump could be a worrisome sign for California ’s short-term economic trajectory.
https://lao.ca.gov/LAOEconTax/article/Detail/853

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

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - For example, light ‑duty vehicles represent about 28  percent of statewide GHG emissions and 7  percent of statewide NOx emissions. To help the state meet its climate goals and air quality requirements, the Governor signed an Executive Order in 2020 establishing various ZEV goals, including that 100 percent of in‑state sales of new passenger cars and trucks be zero emission by 2035.
https://lao.ca.gov/Publications/Report/5140