How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - California 's progressive income tax system is heavily reliant on stock market earnings because the state has concentrated its tax collections among high-income earners whose incomes are most tied to the stock market through capital gains, equity compensation, and investment returns.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - California 's progressive income tax system is heavily reliant on stock market earnings because the state has concentrated its tax collections among high-income earners whose incomes are most tied to the stock market through capital gains, equity compensation, and investment returns.
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: California Public Utilities Commission’s Implementation of AB 1207

Feb 10, 2026 - Given the high stakes involved, it will be important for the Legislature to consider whether it is comfortable with deferring decisions on the structure of the credi ts to CPUC, as is envisioned in this proposal, or whether it would like to provide CPUC with further statutory direction to guide its approach.
https://lao.ca.gov/Publications/Report/5120

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 Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight

Mar 18, 2026 - Given the high stakes for fish and water users, the Legislature can play a critical role in monitoring plan implementation. Because the VAs are designed to adapt as new information becomes available —and the board retains authority to terminate the VAs for some or all water users if they are not working as intended —performance will require ongoing evaluation.
https://lao.ca.gov/Publications/Report/5163

The 2026-27 Budget: Bureau for Private Postsecondary Education

Mar 25, 2026 - With the existing loan from the High Polluter Removal or Repair Account, the BPPE Fund can fully cover its expenditures and remain solvent in 2025-26. In addition, the High Polluter Repair or Removal Account does not need to be repaid in the current year.
https://lao.ca.gov/Publications/Report/5169

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Program staff must weigh these possibly competing factors, and the high recapture rate cou ld indicate a relative favoring of high-risk, high-rewards projects. In years where the program is fully subscribed, there is an opportunity cost associated with an agreement that is not fulfilled.
https://lao.ca.gov/Publications/Report/5162

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

Mar 6, 2026 - Another advantage is that it allows CDLAC and TCAC to retain their authority as technical administrators of a highly complex funding mechanism (private activity bonds and tax credits), rather than attempt to transfer those responsibilities to an entity under the Governor (HDFC) with no such experience or expertise.
https://lao.ca.gov/Publications/Report/5154

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

Jan 27, 2026 - Increased State Income Tax Revenues From New Tax on High-Income Nonresidents. High-income nonresidents who spend more than two months in the state would pay increased state income taxes. This is because the state would collect taxes based on all their income and not just their California-earned income.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-039

Assessing a Shift to Enrollment-Based School Funding

Jan 6, 2026 - An imbalance of indicators can result in an overidentification of high schools as needing to receive additional support under federal rules. Legislature Could Consider Ways to Highlight High School Chronic Absenteeism Rates.
https://lao.ca.gov/Publications/Report/5100