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: Proposed Elimination of State Environmental Positions

Feb 17, 2026 - For example, at the California Department of Fish and Wildlife (CDFW), positions include game wardens who prov ide important law enforcement and wildlife and resource protection services. Some CDFW positions also administer various permits, a key function to ensure that projects —from habitat restoration to infrastructure and housing development —can be completed with less damage to the environment.
https://lao.ca.gov/Publications/Report/5124

The 2026-27 Budget: Framework for Approaching the Natural Resources, Environmental Protection, and Agriculture Budget

Feb 10, 2026 - The proposal would provide administrative, curatorial, maintenance, and support staff to operate the new museum in 2026. Adequate staffing for the museum will allow it to open to the public on time and with the appropriate maintenance, especially as the number of visitors to Expo Park increases in advance of the 2028 Olympic and Paralympic Games in Los Angeles.
https://lao.ca.gov/Publications/Report/5116

The 2026-27 Budget: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - After these dispatch centers have been migrated, OES will focus on deploying Next Generation 911 services to the Los  Angeles area, to help prepare for the 2028  Olympic and Paralympic games. In addition to these priorities, up to 20 other dispatch centers (those in most urgent need) will also be moved onto the statewide network.
https://lao.ca.gov/Publications/Report/5145

The 2026-27 Budget: In-Home Supportive Services [Publication Details]

Mar 18, 2026 - The 2026-27 Budget: In-Home Supportive Services [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/5166

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - Primary Cost Driver: Average IHSS Hours Per Case The next main cost driver in IHSS is the average number of hours provided per case. As the number of hours of service provided to IHSS recipients increases, so does the overall cost of the program.
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: Streamlining California’s Affordable Housing Funding System [Publication Details]

Mar 6, 2026 - The 2026-27 Budget: Streamlining California’s Affordable Housing Funding System [Publication Details] Description: In this brief, we provide background on affordable housing and affordable housing funding programs, describe and analyze the Governor’s budget proposals related to affordable housing funding, and provide recommendations to the Legislature.
https://lao.ca.gov/Publications/Detail/5154

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

Mar 6, 2026 - The Legislature may find that the need and demand for affordable housing is different from what is proposed by the Governor and that proportionally more (or less) funding should be provided for that  purpose.
https://lao.ca.gov/Publications/Report/5154