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

Mar 9, 2026 - Revenues regained their nominal levels in 55 months after the dot-com bubble, 53 months following the global financial crisis, and 40 months after the 2022 rate hike drawdown. Multi-year revenue declines amplify the strain on the state budget during major market downturns.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - Revenues regained their nominal levels in 55 months after the dot-com bubble, 53 months following the global financial crisis, and 40 months after the 2022 rate hike drawdown. Multi-year revenue declines amplify the strain on the state budget during major market downturns.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Moreover, investors have been aggressive in taking on high levels of margin debt (borrowing to buy stocks), which has reached approximately three times the historical norm. These and other indicators are at levels previously only seen at times when the market was approaching a peak before entering a period of retrenchment.
https://lao.ca.gov/Publications/Report/5104

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - If such changes affect company profits or employment levels in California, it would affect state and local tax revenues. Whether this woul d occur is uncertain. Summary of Major Fiscal Effects. The measure would have the following major fiscal effects: Increased state costs that would likely be in the tens of millions of dollars annually to establish and operate a new regulatory commission overseeing certain public benefit AI com panies.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

California Community Colleges Capital Outlay Projects [EdBudget]

Mar 10, 2026 - STEM = science, technology, engineering, and math. DB = design-build. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Education/EdBudget/Details/1025

The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - Despite these recent grant increases, current maximum SSI/SSP grant levels for individuals remain below the FPL, while grant levels for couples remain just above the FPL. Even after accounting for a 2.8  percent federal SSI COLA in January 2026 and an estimated 3.1  percent SSI COLA projected for January 1, 2027, maximum SSI/SSP grant levels for
https://lao.ca.gov/Publications/Report/5148

The 2026-27 Budget: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - As discussed further below, the administration indicates that the May Revision likely will reflect further erosion to the assumed level of savings. Figure 2 2026 ‑27 Governors Budget Assumed Savings From $20 Million Contract (General Fund, In Millions) $810 CDCR = California Department of Corrections and Rehabilitation and DHCS = Department of Health Care Services.
https://lao.ca.gov/Publications/Report/5156

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - Increase Use of CDCR Tele ‑Mental Health to Maximum Court ‑Approved Levels. We recommend directing CDCR to increase the use of tele ‑mental health up to the maximum levels approved by the court. This could attract qualified professionals who might not otherwise want to work in a prison setting, as well as allow the state to recruit from areas where there are more providers available.
https://lao.ca.gov/Publications/Report/5134

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - C = construction; DB = design Bbild; and STEM = science, technology, engineering, and math. Assessment Trade-Offs in Deciding How Much Funding to Allocate in 2026-27. Under the Governor ’s budget, the state would be committing nearly $1.3  billion (83  percent) of total Proposition  2 bond funding through 2026-27, leaving $249  million (17  percent) available for future years.
https://lao.ca.gov/Publications/Report/5159

The 2026-27 Budget: California Public Utilities Commission’s Implementation of AB 1207

Feb 10, 2026 - We further recommend that —regardless of which activities the Legislature elects to fund —it authorize such funding on a limited-term rather than ongoing basis, as much of the workload appears to be short term in nature.
https://lao.ca.gov/Publications/Report/5120