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 Public Utilities Commission’s Implementation of AB 1207

Feb 10, 2026 - The amounts of these twice annual rebate amounts vary by utility, ranging from about $36 to $50 per residential customer for the three largest IOUs in the state. AB  1207 Extended and Modified the Cap-and-Invest Program.
https://lao.ca.gov/Publications/Report/5120

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: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - Funding for the state ’s 911 system comes from a monthly surcharge on telephone customers deposited in the State Emergency Telephone Number Account (SETNA). The 911 surcharge is established each fall by OES, though current law caps the surcharge at 80 cents.
https://lao.ca.gov/Publications/Report/5145

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - This is especially consistent with the 20 18 changes, since professional service firms tend to be classed as “non-tradeable, ” meaning they are often already required to locate near their customer base, and thus tax incentives are unlikely to influence their decision to locate in California.
https://lao.ca.gov/Publications/Report/5162

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - Additionally, the state ’s Low Carbon Fuel Standard (LCFS) program provides funding to support various ZEV ‑incentive programs offered to customers through utilities. In addition to the state programs that subsidize ZEV purchases, other programs subsidize the installation of charging infrastructure to further encourage ZEV  adoption.
https://lao.ca.gov/Publications/Report/5140

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

Mar 18, 2026 - As a result, the SWP and CVP often have to compensate —particularly in dry years —for upstream depletions by other water users, placing a disproportionate burden on their operations and customers. This allows many diverters to operate without contributing to environmental flow needs.
https://lao.ca.gov/Publications/Report/5163