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

Mar 9, 2026 - This dynamic may be especially notable today. The current run-up in stock prices is similarly concentrated in Silicon Valley technology companies, raising the risk of an outsized revenue loss if that market corrects sharply.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - This dynamic may be especially notable today. The current run-up in stock prices is similarly concentrated in Silicon Valley technology companies, raising the risk of an outsized revenue loss if that market corrects sharply.
https://lao.ca.gov/LAOEconTax/article/Detail/852

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: County Administration and H.R. 1 Implementation

Mar 5, 2026 - To what extent are realignment funds used to support CalFresh administration today versus other county funds? How will increased county costs for CalFresh administration under H.R.  1 affect efforts to reduce payment error rates?
https://lao.ca.gov/Publications/Report/5149

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: Re-Envisioning State Education Governance

Mar 18, 2026 - The state, however, was far less involved in the public school system than it is today. For example, elementary education did not become compulsory until 1874, and the state did not begin funding high schools until 1904.
https://lao.ca.gov/Publications/Report/5165

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

Mar 18, 2026 - The last comprehensive update occurred in 1995 and largely guides management today. (The 1995  update concerned the entire Bay ‑Delta watershed and included substantive changes to water quality objectives for fish and wildlife beneficial uses.
https://lao.ca.gov/Publications/Report/5163