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

Mar 9, 2026 - March 9, 2026 Chas Alamo State Budget Is Heavily Reliant on Stock Market Earnings. California 's progressive income tax system is heavily reliant on stock market earnings because the state has concentrated its tax collections among high-income earners whose incomes are most tied to the stock market through capital gains, equity compensation, and investment returns.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - March 9, 2026 Chas Alamo State Budget Is Heavily Reliant on Stock Market Earnings. California 's progressive income tax system is heavily reliant on stock market earnings because the state has concentrated its tax collections among high-income earners whose incomes are most tied to the stock market through capital gains, equity compensation, and investment returns.
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: Streamlining California’s Affordable Housing Funding System

Mar 6, 2026 - Because 9   percent tax credits generally deliver more than twice the equity of 4   percent credits, they can be a powerful tool for supporting deeply affordable housing projects (that is, projects targeting people with the lowest income levels).
https://lao.ca.gov/Publications/Report/5154

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: Proposition 4 Spending Plan [Publication Details]

Feb 10, 2026 - The 2026-27 Budget: Proposition 4 Spending Plan [Publication Details] Description: This publication assesses the Governor’s proposed 2026-27 spending plan for Proposition 4, the $10 billion climate bond approved by voters in November 2024.
https://lao.ca.gov/Publications/Detail/5115

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - The 2026-27 Budget: Proposition 4 Spending Plan Summary Governor ’s Budget Proposes $2.1  Billion in Proposition  4 Bond Funding in 2026 ‑27. The Governor ’s budget proposes appropriating $2.1  billion (about 21  percent of the total authorized by Proposition  4) in 2026 ‑27.
https://lao.ca.gov/Publications/Report/5115

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: Judicial Branch

Feb 11, 2026 - These projects were categorized into five groups —and ranked within each group —in the following descending priority order: 18 immediate need projects ($2.3  billion), 29 critical need projects ($7.9  billion), 15 high need projects ($1.3  billion), 9 medium need projects ($1.6  billion), and 9  low need projects ($100  million).
https://lao.ca.gov/Publications/Report/5113

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - 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