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: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - Revenues from these fees go into the Cigarette and Tobacco Products Compliance Fund (hereafter, “Compliance Fund ”). In 2025, the Legislature and the Governor took a couple of actions to align the Compliance Fund more closely with projected program costs under the new flavor ban laws.
https://lao.ca.gov/Publications/Report/5132

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

Feb 23, 2026 - Goal 5 Complete Development and Implementation of a Quality Assurance Program Selected Actions Recommend final indicators and compliance thresholds to the court. Complete development of user ‑friendly dashboards to monitor compliance.
https://lao.ca.gov/Publications/Report/5137

The 2026-27 Budget: County Administration and H.R. 1 Implementation

Mar 5, 2026 - As a result, less information is available on the current status of the state ’s compliance. What has been the state ’s recent record of compliance with the Medicaid payment error rate requirements? What steps is DHCS taking to reduce the Medi ‑Cal payment error rate in advance of H.R.  1 changes?
https://lao.ca.gov/Publications/Report/5149

Artificial intelligence and child safety. [Ballot]

Jan 27, 2026 - State law, effective January 1, 2027, establishes age assurance requirements in certain online settings where a user ’s age is relevant to legal compliance, such as restrictions on minors ’ access to certain content or services.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-036

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

Jan 20, 2026 - This includes requiring the nonprofit charity, and any resulting covered entity that receives its assets, to agree to comply with all of the requirements of this measure and California court oversight of its compliance.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032

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

Jan 20, 2026 - For example, California-based companies could make changes to their r esearch, development, or investment decisions in response to the measure ’s oversight and compliance requirements. If such changes affect company profits or employment levels in California, it would affect state and local tax revenues.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

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

Jan 20, 2026 - In addition, certain p rivate individuals and organizations may bring civil actions to enforce compliance by regulated entities that have violated the measure ’s requirements. Creates California AI Safety Fund.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034