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: County Administration and H.R. 1 Implementation [Publication Details]

Mar 5, 2026 - In this brief, we assess the Governor's proposed funding for county administration of Medi-Cal and CalFresh in response to H.R. 1 and provide related recommendations.
https://lao.ca.gov/Publications/Detail/5149

The 2026-27 Budget: County Administration and H.R. 1 Implementation

Mar 5, 2026 - The 2026-27 Budget: County Administration and H.R. 1 Implementation $359 $143 a Includes costs for training, automation, confirmation of work hours engagement, and processed discontinuances. Does not include funding for oral notice of work rules. b Less than $500,000. c Estimated H.R. 1 administrative impacts related to the ABAWD work
https://lao.ca.gov/Publications/Report/5149

The 2026-27 Budget: Medi-Cal Analysis

Mar 2, 2026 - For  example, the administration proposes using multiple data sources —including state wage records, Internal Revenue Service data, and third ‑party employment and income data (such as Equifax ’s The Work Number) —to verify income and work activity, and using diagnosis or utilization information to help identify medically frail individuals.
https://lao.ca.gov/Publications/Report/5146

The 2026-27 Budget: Medi-Cal Analysis [Publication Details]

Mar 2, 2026 - In this report, we analyze the Governor’s budget for Medi-Cal, with a focus on base spending trends, changes to provider taxes, implementation of new H.R. 1 rules, oversight over enacted budget solutions, and considerations for identifying additional savings in Medi-Cal.
https://lao.ca.gov/Publications/Detail/5146

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 Developmental Services [Publication Details]

Mar 13, 2026 - Analyzes the Governor’s budget for the Department of Developmental Services (DDS), with a focus on a budget proposal to continue planning the proposed Life Outcomes Improvement System (LOIS) information technology project, implementation of new H.R.
https://lao.ca.gov/Publications/Detail/5157

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - Specifically, H.R.  1 requires these adults to (1)  verify that they have completed at least 80 hours per month of work, education, or community service, and (2)  verify eligibility every six months, rather than every 12  months.
https://lao.ca.gov/Publications/Report/5157

The 2026-27 Budget: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - Work With DHCS Is Delayed Due to Federal Changes. BCG is just starting its work at DHCS. The delay was necessary as DHCS responded to changes in federal policy. It is not clear whether the delayed work at DHCS will require meaningful changes in the scope of the work at that department or other changes in the BCG contract.
https://lao.ca.gov/Publications/Report/5156