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: CalWORKs

Feb 18, 2026 - Reducing the dependence of needy parents by promoting job preparation, work, and marriage. Preventing and reducing the incidence of out-of-wedlock pregnancies. Encouraging the formation and maintenance of two-parent families.
https://lao.ca.gov/Publications/Report/5122

The 2026-27 Budget: Re-Envisioning State Education Governance

Mar 18, 2026 - Governor ’s Proposal Would Promote More Coherent Policymaking. By consolidating policymaking and administrative functions under the Governor, the proposal could improve state governance in several ways.
https://lao.ca.gov/Publications/Report/5165

Implementing California’s Child Welfare Prevention Services Program

Jan 28, 2026 - Once these conditions are met, additional state block grant funding could help counties begin generating savings—thereby promoting long‑term funding sustainability. Conclusion California has undertaken significant efforts toward implementing the state ’s new prevention services program available for federal Title IV ‑E reimbursement under FFPSA.
https://lao.ca.gov/Publications/Report/5106

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - According to the Centers for Medicare & Medicaid Services (CMS), the final rule is intended to increase transparency and accountability, standardize data and monitoring, and create opportunities for states to promote active beneficiary engagement.
https://lao.ca.gov/Publications/Report/5157

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - In addition, 15  percent of funding each year was designated for other facilities that “promote a complete campus concept, ” including gymnasiums, performing arts centers, and child development centers.
https://lao.ca.gov/Publications/Report/5159

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - Instead, the right number of inspections depends on costs and benefits —some of which, like deterring illegal activities and promoting fair competition, can be very difficult to quantify. The Governor ’s proposed level of spending on cannabis and tobacco enforcement is just one among a range of reasonable policy options available to the Legislature.
https://lao.ca.gov/Publications/Report/5132

The 2026-27 Budget: Higher Education Overview

Feb 5, 2026 - The compacts were intended to provide the segments with more predictable funding levels, while also promoting certain performance goals, such as enrolling more resident undergraduates and improvi ng graduation rates.
https://lao.ca.gov/Publications/Report/5112