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: Department of Justice

Feb 11, 2026 - A large portion of the General Fund support is used to support the Armed and Prohibited Persons System (APPS) enforcement teams, which seize firearms from people prohibited from owning or possessing them.
https://lao.ca.gov/Publications/Report/5118

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

Mar 5, 2026 - What role do state policy decisions about eligibility processes play in affecting the complexity of operations and increasing or reducing the error rate in each program? Are there changes in state policy the state could consider that would reduce errors?
https://lao.ca.gov/Publications/Report/5149

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: Streamlining California’s Affordable Housing Funding System

Mar 6, 2026 - Also, HCD currently plays a key role in the review and implementation of AHSC, so it already has “in house ” knowledge of the program. Further, the intent is that this knowledge and program capacity will be transmitted to HDFC through the proposed position transfers from HCD  to HDFC.
https://lao.ca.gov/Publications/Report/5154

The 2026-27 Budget: CalWORKs

Feb 18, 2026 - This dynamic is at play in the 2026-27 Governor ’s Budget , which newly identifies $270  million in prior-year unspent TANF funds. Before accounting for other changes in spending levels, this unspent TANF funding results in a downward swing in General Fund dollars in CalWORKs in 2025-26.
https://lao.ca.gov/Publications/Report/5122

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - For example, in court documents, CDCR estimated that the staff fill rate for ICF and APP beds in June would have been 98  percent for psychiatrists (instead of 81  percent), 73  percent for psychologists (instead of 52  percent), 105  percent for social workers (instead of 82  percent), and 127  percent for recreational therapists (instead of 101  percent) had all 249  inpatient beds been deactivated that month.
https://lao.ca.gov/Publications/Report/5134

Comparing Options to Raise and Lower Taxes [Publication Details]

Mar 24, 2026 - This report lays out various options to raise and lower taxes in California and offers a comparative evaluation of those options in the areas of budgeting, economy, taxpayer experience, progressivity, and fairness.
https://lao.ca.gov/Publications/Detail/5170

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

Mar 3, 2026 - DSS has recently compared maximum grant amounts for individuals and couples to county-level fair market rents (FMR). Specifically, at the county level, DSS compares the maximum SSI/SSP grant amount for individuals to the FMR of an efficiency unit (an apartment unit with no separately enclosed bedroom, similar to a studio apartment) and the maximum SSI/SSP grant amount for couples to the FMR of a one-bedroom unit.
https://lao.ca.gov/Publications/Report/5148