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

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

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: Medi-Cal Analysis

Mar 2, 2026 - The  administration ’s stated rationale is to “maintain parity ” across the nonelderly, childless adults who are receiving full ‑scope Medi ‑Cal benefits. At  the same time, the administration has stated that verifying compliance for UIS adults using existing income data sources may be more challenging and that it would rely on information provided by the individual when available data are insufficient.
https://lao.ca.gov/Publications/Report/5146

The 2026-27 Budget: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - After these dispatch centers have been migrated, OES will focus on deploying Next Generation 911 services to the Los  Angeles area, to help prepare for the 2028  Olympic and Paralympic games. In addition to these priorities, up to 20 other dispatch centers (those in most urgent need) will also be moved onto the statewide network.
https://lao.ca.gov/Publications/Report/5145

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

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