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

Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - [Ballot] Pursuant to Elections Code Section 9005, we have reviewed the proposed initiative regarding property tax rules for inherited property (A.G. File No. 25-0035). Background Local Governments Collect Property Taxes From Property Owners.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035

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

Mar 18, 2026 - For example, the education code will need to be amended to shift the SPI ’s duties to the education commissioner. New positions in the SBE, CDE, and the SPI will have to be created, others deleted, and responsibilities defined.
https://lao.ca.gov/Publications/Report/5165

Temporary tax increases. [Ballot]

Jan 27, 2026 - [Ballot] Pursuant to Elections Code Section 9005, we have reviewed the proposed initiative related to temporary tax increases (A.G. File No. 25-0037, Amendment #1). Background Initiatives Can Raise Taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-037

Prohibit new taxes on financial assets and other personal property. [Ballot]

Jan 27, 2026 - [Ballot] Pursuant to Elections Code Section 9005, we have reviewed the proposed initiative that would prohibit new taxes on financial assets and other personal property (A.G. File No. 25-00 41, Amendment #1).
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

The 2026-27 Budget: Proposed Elimination of State Environmental Positions

Feb 17, 2026 - However, in many cases, the residual positions in question supported by special funds do not have a direct impact on the General Fund and thus do not factor directly into efforts to balance the budget.
https://lao.ca.gov/Publications/Report/5124

Residency rules for state personal income tax purposes. [Ballot]

Jan 27, 2026 - [Ballot] Pursuant to Elections Code Section 9005, we have reviewed the proposed initiative that would change the state ’s residency rules for state personal income tax purposes (A.G.  File  No.  25-0039, Amendment #1).
https://lao.ca.gov/BallotAnalysis/Initiative/2025-039

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - Indeed, CDCR has stated that tele ‑mental health positions have been easier to hire since it started expanding tele ‑mental health. Because providers delivering tele ‑mental health services do not have to be physically present at a prison, this means that some of the concerns that accompany being on ‑site are addressed.
https://lao.ca.gov/Publications/Report/5134