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: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program [Publication Details]

Mar 3, 2026 - This increase would bring total program funding to $11.5 billion ($3.6 billion from the General Fund and $7.9 billion federal funds) in 2026-27. We note that while the year-over-year change in General Fund costs for the program is relatively flat, it is increasing slightly despite the fact that caseload is expected to decline and the average state cost for grants is remaining flat.
https://lao.ca.gov/Publications/Detail/5148

The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program Summary For 2026-27, the Governor ’s budget proposes $3.6  billion from the General Fund for the state ’s share of SSI/SSP —an increase of $94  million (2.7  percent) from the Governor ’s revised 2025-26 budget estimate.
https://lao.ca.gov/Publications/Report/5148

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 - Also, HCD currently plays a key role in the review and implementation of AHSC, so it already has “in house ” knowledge of the program. Further, the intent is that this knowledge and program capacity will be transmitted to HDFC through the proposed position transfers from HCD  to HDFC.
https://lao.ca.gov/Publications/Report/5154

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - Select Categorical Programs In this section, we focus on CCC categorical programs. We first provide background on these programs, next describe the Governor ’s proposal to provide a COLA for a subset of programs, and then raise an issue for legislative consideration.
https://lao.ca.gov/Publications/Report/5150

The 2026-27 Budget: California Community Colleges [Publication Details]

Mar 5, 2026 - This brief analyzes the Governor’s budget proposals for the California Community Colleges. It covers apportionments, enrollment growth, Calbright College, and various other proposals.
https://lao.ca.gov/Publications/Detail/5150

The 2026-27 Budget: Department of Developmental Services [Publication Details]

Mar 13, 2026 - Analyzes the Governor’s budget for the Department of Developmental Services (DDS), with a focus on a budget proposal to continue planning the proposed Life Outcomes Improvement System (LOIS) information technology project, implementation of new H.R.
https://lao.ca.gov/Publications/Detail/5157