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: California Department of Corrections and Rehabilitation

Feb 23, 2026 - Receiver Has Greater Authority Than Special Master. The establishment of the mental health Receivership led to the dissolution of the Special Master. The Receiver differs from the Special Master in that a Receiver has direct executive authority and acts in place of the Secretary of CDCR in regard to the management of prison mental health.
https://lao.ca.gov/Publications/Report/5137

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: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - In the case of the Cannabis Tax Program, we note: The administration has not presented any arguments linking the General Fund ’s share of costs to its share of indirect benefits. This is not part of a broad, systematic effort to allocate costs based on indirect benefits.
https://lao.ca.gov/Publications/Report/5132

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - Under SCFF, districts receive apportionment funding for regular credit courses based on three components: (1)  a base allocation linked to  enrollment, (2)  a supplemental allocation linked to low ‑income student counts, and (3)  a student success allocation linked to specified student outcomes.
https://lao.ca.gov/Publications/Report/5150

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

Mar 5, 2026 - Without a methodology that links funding to workload, funding could become insufficient or exceed what is required for efficient operations without a clear way of assessing what adjustments are needed.
https://lao.ca.gov/Publications/Report/5149

The 2026-27 Budget: Cap-and-Invest Expenditure Plan

Feb 10, 2026 - Additionally, CARB still is considering linking California’s cap‑and‑invest program with the program in Washington state. Such a linkage could affect allowance prices in both states as they come into alignment.
https://lao.ca.gov/Publications/Report/5114

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

Mar 18, 2026 - The California Master Plan for Education 2004 California Performance Review A commission appointed by the Governor to gather feedback from state employees and recommend ideas for improving the delivery of government services.
https://lao.ca.gov/Publications/Report/5165

The 2026-27 Budget: California Education Learning Lab

Mar 25, 2026 - For example, some Learning Lab projects have resulted in higher pass rates for certain STEM courses while other projects have been linked to improving students ’ motivation and sense of belonging. Projects Are Challenging to Scale.
https://lao.ca.gov/Publications/Report/5171