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: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - BCG is expected to conduct a detailed analysis of financial data for hospitals across the state to identify how different hospital payment models create incentives for hospitals. This work would be expected to serve as a basis for developing recommendations to reduce state costs.
https://lao.ca.gov/Publications/Report/5156

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - The Legislature could have greater insight into these spending drivers, as well as potential spending adjustments, if the department were to provide richer data. Four Key Factors Drive Spending in DDS.
https://lao.ca.gov/Publications/Report/5157

Implementing California’s Child Welfare Prevention Services Program

Jan 28, 2026 - Our analysis is informed by our review of counties ’ comprehensive prevention plans, as well as by conversations with various  counties. Counties Prepared Individual Prevention Plans To Receive State Block Grant Funding, Counties Developed CPPs.
https://lao.ca.gov/Publications/Report/5106

The 2026-27 Budget: Medi-Cal Analysis [Publication Details]

Mar 2, 2026 - The 2026-27 Budget: Medi-Cal Analysis [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5146

The 2026-27 Budget: California Department of Corrections and Rehabilitation [Publication Details]

Feb 23, 2026 - This brief provides our analysis of the Governor’s 2026-27 budget proposals related to California Department of Corrections and Rehabilitation.
https://lao.ca.gov/Publications/Detail/5137

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

Feb 23, 2026 - As such, our recommendations in this section build on our analysis from that report. Below, we discuss additional steps for legislative consideration that could help reduce vacancies among mental health providers and make progress towards improving mental health outcomes.
https://lao.ca.gov/Publications/Report/5137

The 2026-27 Budget: Higher Education Overview

Feb 5, 2026 - In this brief, we provide an overview and initial analysis of the Governor’s higher education budget plan.
https://lao.ca.gov/Publications/Report/5112