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: Department of Justice

Feb 11, 2026 - A large portion of the General Fund support is used to support the Armed and Prohibited Persons System (APPS) enforcement teams, which seize firearms from people prohibited from owning or possessing them.
https://lao.ca.gov/Publications/Report/5118

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 Zero-Emission Vehicle Incentive

Feb 24, 2026 - Mobile sources —including light ‑, medium ‑, and heavy ‑duty vehicles —contribute to California ’s GHG emissions and air pollution. For example, light ‑duty vehicles represent about 28  percent of statewide GHG emissions and 7  percent of statewide NOx emissions.
https://lao.ca.gov/Publications/Report/5140

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - For example, in court documents, CDCR estimated that the staff fill rate for ICF and APP beds in June would have been 98  percent for psychiatrists (instead of 81  percent), 73  percent for psychologists (instead of 52  percent), 105  percent for social workers (instead of 82  percent), and 127  percent for recreational therapists (instead of 101  percent) had all 249  inpatient beds been deactivated that month.
https://lao.ca.gov/Publications/Report/5134

The 2026-27 Budget: Medi-Cal Analysis

Mar 2, 2026 - Under the new plan in the 2026 ‑27 budget, much of the funds would instead be spent on certain previously approved Medi ‑Cal initiatives, such as transitional rent supports and community ‑based mobile crisis services.
https://lao.ca.gov/Publications/Report/5146