How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - California 's progressive income tax system is heavily reliant on stock market earnings because the state has concentrated its tax collections among high-income earners whose incomes are most tied to the stock market through capital gains, equity compensation, and investment returns.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - California 's progressive income tax system is heavily reliant on stock market earnings because the state has concentrated its tax collections among high-income earners whose incomes are most tied to the stock market through capital gains, equity compensation, and investment returns.
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - As part of the 2021‑22 budget package, the Legislature and Governor agreed to add 206,800 non‑CalWORKs child care slots over a multiyear period. To date, the state has funded 129,800 additional slots—a 113.8 percent increase in non‑CalWORKs slots compared to 2020‑21 levels.
https://lao.ca.gov/Publications/Report/5168

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: Contract to Achieve Operational Efficiencies [Publication Details]

Mar 10, 2026 - This post provides background on the state’s recent efforts to identify efficiencies to achieve budget savings and our office’s comments and recommendations concerning the progress of the administration’s efforts to reduce state costs through this contract.
https://lao.ca.gov/Publications/Detail/5156

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - State Has Made Significant Progress Encouraging Light ‑Duty ZEV Adoption. The state has made notable progress in pursuing its ZEV adoption goals in recent years, with the share of new passenger vehicles sold in California that are ZEVs climbing from 8  percent in 2020 to over 20  percent in 2025.
https://lao.ca.gov/Publications/Report/5140

The 2026-27 Budget: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - In addition, by February 1 of each year of a contract and during implementation of the contractor ’s recommendations, the budget requires DOF to provide a status report to JLBC on (1)  any proposals put forth by the contractor, (2)  any expected programmatic or process changes needed to implement the proposal, (3)  the expected time line for implementation, and (4)  the progress
https://lao.ca.gov/Publications/Report/5156

The 2026-27 Budget: Child Welfare

Mar 3, 2026 - DSS Making Significant Progress Toward Implementation. In spite of this uncertainty around future funding, DSS has been undertaking significant efforts to prepare for implementation to begin in 2027-28.
https://lao.ca.gov/publications/report/5147

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - In addition, the Receiver ’s plan would also increase the pool of people that can provide services to the mental health population by expanding clinical internship slots across the prisons. Not only will interns perform work while part of the program, but it is also possible that they will become employed permanently by CDCR.
https://lao.ca.gov/Publications/Report/5134

Comparing Options to Raise and Lower Taxes [Publication Details]

Mar 24, 2026 - This report lays out various options to raise and lower taxes in California and offers a comparative evaluation of those options in the areas of budgeting, economy, taxpayer experience, progressivity, and fairness.
https://lao.ca.gov/Publications/Detail/5170