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: 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

The 2026-27 Budget: Higher Education Overview [Publication Details]

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/Detail/5112

The 2026-27 Budget: K-12 Proposals [Publication Details]

Feb 19, 2026 - In this brief, we provide our analysis of several K-12 proposals included in the Governor's 2026-27 budget.
https://lao.ca.gov/Publications/Detail/5131

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - Additionally, the S ‑TAC and CDE help construct data systems to help LEAs with the collection and analysis of data for monitoring progress and continuous improvement. The R ‑TACs have provided a wide range of technical assistance to schools, including assisting in conducting asset mapping and community needs assessments and offering communities of practice, where groups of schools implementing the model can share best practices.
https://lao.ca.gov/Publications/Report/5131