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: Proposition 98 Guarantee and K-12 Spending Plan

Feb 4, 2026 - The state allocates 89  percent of this grant to schools based on average daily attendance and 11  percent to community colleges based on full ‑time ‑equivalent enrollment. The law requires the State Controller to disburse this grant automatically according to a schedule determined by the Director of the Department of Finance, potentially over multiple years.
https://lao.ca.gov/Publications/Report/5110

Artificial intelligence and child safety. [Ballot]

Jan 27, 2026 - AI refers broadly to technologies that allow computer systems to perform tasks that typically require human intelligence, such as generating content, identifying patterns, or making predictions from data.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-036

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

Jan 20, 2026 - AI refers broadly to technologies that enable computer systems to perform tasks that typically require human intelligence, such as generating content, identifying patterns, or mak ing predictions from data.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

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

Jan 20, 2026 - AI refers broadly to technologies that enable computer systems to perform tasks that typically require human intelligence, such as generating content, identifying patterns, or mak ing predictions from data.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034

Assessing a Shift to Enrollment-Based School Funding

Jan 6, 2026 - Overall, our analysis finds that shifting to enrollment ‑based funding would be somewhat more predictable and reduce some administrative burdens for LEAs, but likely would have a negative effect on student attendance over the long run.
https://lao.ca.gov/Publications/Report/5100

The 2026-27 Budget: Food Assistance Programs

Feb 18, 2026 - California ’s most recent payment error rate, for federal fiscal year 2023-24, is about 11  percent. (The comparable national error rate is similarly about 11  percent.) Payment error rates in California and nationally have risen in recent years, particularly since the COVID-19 pandemic.
https://lao.ca.gov/Publications/Report/5126

California New Car Registrations: January 2026 [EconTax Blog]

Mar 11, 2026 - California New Car Registrations: January 2026 [EconTax Blog] California New Car Registrations: January 2026 March 11, 2026 Seth Kerstein As discussed in an earlier post , new car purchases can be a useful, timely economic indicator.
https://lao.ca.gov/LAOEconTax/Article/Detail/853