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: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - The laws also give CDTFA various tools to enforce the flavor ban, such as citations, product seizures, and license suspensions. 2025 Actions on Licensing Funding. Funding for the Tobacco Licensing Program comes from license fees.
https://lao.ca.gov/Publications/Report/5132

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs [Publication Details]

Feb 23, 2026 - In this post, we discuss three Governor’s budget proposals for the Department of Tax and Fee Administration’s (CDTFA’s) cannabis and tobacco programs.
https://lao.ca.gov/Publications/Detail/5132

The 2026-2027 Budget: California Cannabis Control Appeals Panel Permanent Funding Request

Feb 11, 2026 - (Only applicants and holders of annual licenses may appeal to CCAP.) Provisional Licensing Generally Ended in January 2026, First Two CCAP Cases Scheduled for Hearing in March and May. DCC has been moving cannabis licensees from provisional to annual licenses.
https://lao.ca.gov/Publications/Report/5119

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - Extending Licensing Exemptions to Out‑of‑State Licensed Providers State Licensing Policies Limit Pool of Potential Providers. Licensing restrictions limit the number of people that can work as mental health providers in California prisons.
https://lao.ca.gov/Publications/Report/5134

The 2026-2027 Budget: California Cannabis Control Appeals Panel Permanent Funding Request [Publication Details]

Feb 11, 2026 - In this post we assess the Governor’s request for permanent funding for the Cannabis Control Appeals Panel.
https://lao.ca.gov/Publications/Detail/5119

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: Bureau for Private Postsecondary Education

Mar 25, 2026 - BPPE also charges several smaller fees, including fees for institutions to apply for, renew, or make changes to their licenses. The Legislature sets BPPE ’s fees in statute. The last time the Legislature adjusted these fees was during BPPE ’s 2016 sunset review, when it changed the structure of the annual licensing fee, among other changes.
https://lao.ca.gov/Publications/Report/5169

The 2026-27 Budget: Department of Justice

Feb 11, 2026 - Chapter  591 requires the sale or transfer of firearm barrels be completed in person by a licensed firearms dealer. As of July 2027, it also requires the licensed firearms dealer check that a purchaser is allowed to possess firearms and record certain information, such as the date of the purchase.
https://lao.ca.gov/Publications/Report/5118