How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Income Taxes Tend to Lag Major Market Turns by Up to a Year. State income tax growth typically lags stock market turning points by six to twelve months. Before past downturns, taxes have generally grown briskly, often due to the same stock market run-ups that preeceded the downturn.
https://lao.ca.gov/LAOEconTax/article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Income Taxes Tend to Lag Major Market Turns by Up to a Year. State income tax growth typically lags stock market turning points by six to twelve months. Before past downturns, taxes have generally grown briskly, often due to the same stock market run-ups that preeceded the downturn.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - The Chancellor ’s Office may designate up to 50  percent of state funding each year for life safety projects, though the amount needed to fund all project proposals in this category is typically much lower.
https://lao.ca.gov/Publications/Report/5159

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - Any level above that is up to the discretion of the Legislature. As a result, we consider the entire balance of the SFEU to be a discretionary choice. 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: California Department of Corrections and Rehabilitation

Feb 23, 2026 - If people in other states were allowed to provide tele ‑mental health services in California prisons, the state might be able to attract qualified candidates living in lower ‑cost ‑of ‑living areas with higher pay, while still allowing them to maintain their residency in other states.
https://lao.ca.gov/Publications/Report/5137

Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - Beginning in 2027, the measure would allow age-eligi ble homeowners to request an exemption from their county assessor if they have lived in the home for five years or lived in the state for ten years.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035

The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - As shown in Figure  6, FMR takes up a significant portion or exceeds recipient grants in all counties. For an efficiency unit, FMRs are between 63  percent and 258  percent of the maximum SSI/SSP grant for individuals and between 42  percent and 157  percent of the maximum SSI/SSP grant for couples.
https://lao.ca.gov/Publications/Report/5148

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Credits may be used to offset either personal income or corporation taxes and can be carried forward for up to six years. Over 1,200 credit agreements have been approved by GO-Biz since the program ’s inception.
https://lao.ca.gov/Publications/Report/5162

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - If people in other states were allowed to provide tele ‑mental health services in California prisons, the state might be able to attract qualified candidates living in lower ‑cost ‑of ‑living areas with higher pay, while still allowing them to maintain their residency in other states.
https://lao.ca.gov/Publications/Report/5134

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

Feb 4, 2026 - If the second revision exceeds the first, the state makes another settle ‑up payment. Figure  6 summarizes the usual schedule for these revisions and settle ‑up payments. From an accounting perspective, settle ‑up payments are always scored to the year in which the guarantee increased, rather than to the year the state disburses the payment to schools.
https://lao.ca.gov/Publications/Report/5110