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

Special taxes. [Ballot]

Jan 27, 2026 - If the init iative qualifies for the ballot, the measure would require this executive summary to be included in the Voter Information Guide (VIG) produced by the Secretary of State . If approved by the voters, the measure would require the State Auditor to be reimbursed from the revenues generated by the special tax.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-040

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

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - Increasing Compensation Can Be a High ‑Cost Strategy. In general, compensation increases can be a high ‑cost strategy for filling vacancies. For example, the action plan estimates that it will cost $25   million ongoing to increase pay by roughly 3   percent for mental health positions at CDCR.
https://lao.ca.gov/Publications/Report/5134

The 2026-27 Budget: Medi-Cal Analysis

Mar 2, 2026 - Administration Identifies Several Strategies to Mitigate Disenrollment Impacts. The administration has indicated it will prioritize using administrative data to automatically identify individuals who are excluded or exempt from the community engagement requirement.
https://lao.ca.gov/Publications/Report/5146

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: Department of Developmental Services

Mar 13, 2026 - In 2016, the Legislature appropriated ongoing funding for the Disparity Funds Program, which awards grants to RCs and community ‑based organizations for strategies to reduce disparities in service authorizations, utilization, and spending.
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: County Administration and H.R. 1 Implementation

Mar 5, 2026 - At the same time, individual county implementation will depend on strategies and resource allocation priorities of individual counties. To support successfully mitigating risks of payment error penalties, the Legislature will need to understand what changes to state and county processes will be required to address the largest contributors to error rates.
https://lao.ca.gov/Publications/Report/5149