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: Governor’s Office of Land Use and Climate Innovation Proposals

Mar 19, 2026 - Therefore, the Legislature finds itself in the position of needing to evaluate whether these activities and staffing expansions at LCI are a higher priority than other existing General Fun d-supported activities.
https://lao.ca.gov/Publications/Report/5167

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 - 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: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - At the time of the 2025 May Revision, the administration had estimated that the Social Security Administration (SSA) had overcharged the state for SSI/SSP services and administration —resulting in increased General Fund costs of over $60  million in 2024-25.
https://lao.ca.gov/Publications/Report/5148

Residency rules for state personal income tax purposes. [Ballot]

Jan 27, 2026 - Instead, the state takes a detailed look at each taxpayer ’s professional, personal, and social connections to determine residency. Proposal New Residency Rule. Taxpayers who spend less than half of the year in the state and have their driver ’s license and voter registration in another state would be nonresidents for tax purposes.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-039

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - The freeze affected Temporary Assistance for Needy Families (TANF), CCDF, and the Social Services Block grant. The 2025 ‑26 budget provides $1.1  billion from CCDF and $329  million from TANF for child care programs.
https://lao.ca.gov/Publications/Report/5168

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - For  example, clinical social workers must obtain licensure from the California Board of Behavioral Sciences. This requires meeting the necessary education requirements, completing exams, and having a sufficient number of hours in the field.
https://lao.ca.gov/Publications/Report/5134