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: Department of Justice

Feb 11, 2026 - A large portion of the General Fund support is used to support the Armed and Prohibited Persons System (APPS) enforcement teams, which seize firearms from people prohibited from owning or possessing them.
https://lao.ca.gov/Publications/Report/5118

The 2026-27 Budget: Re-Envisioning State Education Governance

Mar 18, 2026 - Outside of these official duties, the SPI typically runs for office on a policy platform and advocates for those priorities in the Legislature. The SPI, for example, often sponsors bills, meets with school officials, and testifies at committee hearings.
https://lao.ca.gov/Publications/Report/5165

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - For example, in court documents, CDCR estimated that the staff fill rate for ICF and APP beds in June would have been 98  percent for psychiatrists (instead of 81  percent), 73  percent for psychologists (instead of 52  percent), 105  percent for social workers (instead of 82  percent), and 127  percent for recreational therapists (instead of 101  percent) had all 249  inpatient beds been deactivated that month.
https://lao.ca.gov/Publications/Report/5134

The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 4, 2026 - State Usually Pays Settle Up as Soon as It Recognizes a Higher Guarantee … The state does not officially update its estimate of the guarantee until it adopts the following year ’s budget. If that budget shows a higher estimate, the state typically includes the corresponding settle ‑up payment.
https://lao.ca.gov/Publications/Report/5110

The Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight

Mar 18, 2026 - SWRCB officially began the most recent update to the Bay ‑Delta Plan in early 2009. It divided the effort into two phases based on geography, noting that each of the two major river systems is fed by snowmelt from different geographic regions, receives differing levels of precipitation, has distinct topographies, and supports different at ‑risk fish and wildlife species.
https://lao.ca.gov/Publications/Report/5163

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - One key caveat is that these estimates do not necessarily correspond to official diagnoses of any particular condition. In recent years, the department has noted an increase in the share of consumers diagnosed with autism, while diagnoses of intellectual disability have decreased.
https://lao.ca.gov/Publications/Report/5157