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: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - Limited Insight Into Specific Activities, but Administration Anticipates Revising Savings Estimates Downward at May Revision. It is our understanding from the administration that it is in the early phases of developing and implementing any changes resulting from the BCG contract.
https://lao.ca.gov/Publications/Report/5156

Oversight of certain nonprofit charities and related entities. [Ballot]

Jan 20, 2026 - If a member of the public wins their case, they may keep 25 percent to 50 percent of any civil penalties or other money awarded as well as attorney fees and costs. In contrast, an entity that wins would not be entitled to attorney fees and costs unless the court found the case had been filed unreasonably.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032

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: Department of Developmental Services

Mar 13, 2026 - The Legislature could have greater insight into these spending drivers, as well as potential spending adjustments, if the department were to provide richer data. Four Key Factors Drive Spending in DDS.
https://lao.ca.gov/Publications/Report/5157

Implementing California’s Child Welfare Prevention Services Program

Jan 28, 2026 - Under 2011 realignment, however, the state has limited insight into how counties use their realignment dollars, making it difficult to assess the true impact of various cost pressures. Whenever considering increased program requirements and/or funding for child welfare —as a realigned program area —we recommend bearing these complex factors in mind.
https://lao.ca.gov/Publications/Report/5106