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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: 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: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - Next Generation 911 is intended to replace the copper landline ‑based legacy 911 system with an Internet Protocol (IP) ‑based system capable of transmitting voice, text, photos, video, and enhanced location data.
https://lao.ca.gov/Publications/Report/5145

The 2026-27 Budget: California Department of Corrections and Rehabilitation

Feb 23, 2026 - CDCR provides tele ‑mental health services via live video by using specialized equipment. During a tele ‑mental health visit in prison, an incarcerated patient is escorted to a medical room within the prison where they communicate via audio and video with the mental health provider over a secure network.
https://lao.ca.gov/Publications/Report/5137