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

Mar 9, 2026 - This Time Might Be Different, but It Is Not Safe to Bet on It.   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 - This Time Might Be Different, but It Is Not Safe to Bet on It.   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

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - That said, recent budgets have set the SFEU bet ween $3.5  billion and $4.5  billion, so the Governor ’s budget proposal to set the balance to $4.5  billion is generally in line with recent policy.
https://lao.ca.gov/Publications/Report/5101

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

Feb 23, 2026 - The Receiver ’s action plan lays out six primary goals, each with its own set of objectives and actions intended to address the outstanding deficiencies. Figure  8 shows the goals and accompanying selected actions.
https://lao.ca.gov/Publications/Report/5137

Artificial intelligence and child safety. [Ballot]

Jan 27, 2026 - Enforcement actions could generate civil penalty revenue for the state, though the amount of any such revenue is uncertain and would depend on the number and severity of violations and the outcomes of enforcement actions.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-036

Oversight of certain nonprofit charities and related entities. [Ballot]

Jan 20, 2026 - Enforcement actions may be brought against a ch arity if there are violations of state law —such as mismanagement, misleading fundraising practices, or inappropriate use of monies. Third, state law requires DOJ consent to and/or receive notice of certain actions taken by most charities.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032

The 2026-27 Budget: Department of Justice

Feb 11, 2026 - Use Framework to Inform Future Actions. The Legislature could use the DOJ framework to inform its future actions. This could include aligning firearm and ammunition-related workload with the appropriate fund source.
https://lao.ca.gov/Publications/Report/5118

Oversight of certain frontier artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - The measure could also increase workload and costs for the Department of Justice and the courts, including enforcement of civil penalties, defense of commission action s, and private civil actions authorized by the measure.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034

The 2026-27 Budget: Higher Education Overview

Feb 5, 2026 - In 2026‑27, if UC resumes progress toward the lower cap based upon actions it already has taken, the Legislature could begin funding the associated cost on an ongoing basis once its fiscal condition improves.
https://lao.ca.gov/Publications/Report/5112

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - Recommendations CDCR ’s actions and the mental health Receiver ’s proposed actions include promising efforts to address vacancies. For example, the creation of new classifications is a promising step as it would allow treatment to be provided by potentially easier ‑to ‑recruit, lower ‑cost positions.
https://lao.ca.gov/Publications/Report/5134