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: 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: 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

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - The bond measure includes a number of requirements to guide how funds are administered and overseen by about 30 different state agencies, departments, boards, commissions, conservancies, and offices.
https://lao.ca.gov/Publications/Report/5115

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: California Department of Corrections and Rehabilitation

Feb 23, 2026 - Assessment Expansion of Tele ‑Mental Health Is One Strategy That Could Help Alleviate Staffing Challenges. In our report Addressing Chronic Vacancies in Prison Mental Health Care , we find that the expansion of tele‑mental health is a promising strategy to address vacancies.
https://lao.ca.gov/Publications/Report/5137