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

Mar 9, 2026 - Once the stock market drops, revenue growth   first slows, then stalls, then turns negative. The dot-com example below illustrates this pattern. In practice, this means the state could see continued but weakened revenue growth for some time after a correction before the outlook turns clearly negative.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - Once the stock market drops, revenue growth   first slows, then stalls, then turns negative. The dot-com example below illustrates this pattern. In practice, this means the state could see continued but weakened revenue growth for some time after a correction before the outlook turns clearly negative.
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

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - The administration ind icates it plans to modify this part of the proposal in the May Revision and may allow funds to be used for a broader set of activities related to community  schools. Effects of Community Schools Model Research Finds Benefits to Community Schools Model.
https://lao.ca.gov/Publications/Report/5131

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - First, some firms lack tax liability in California due to ongoing and substantial use of other tax deductions and credits, most commonly the Research & Development Tax Credit and the Net Operating Loss deduction.
https://lao.ca.gov/Publications/Report/5162

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - To receive state bond funding, a community college district must first submit a project proposal to the Chancellor ’s Office. Each year, the Chancellor ’s Office requests state funding for a subset of these project proposals, using a scoring system to prioritize among them.
https://lao.ca.gov/Publications/Report/5159

The 2026-2027 Budget: California Cannabis Control Appeals Panel Permanent Funding Request

Feb 11, 2026 - CCAP first received funding in 2017-18 on a three-year, limited-term basis. This included $964,000 from the Cannabis Control Fund (CCF), which receives reven ue largely from fees paid by cannabis licensees, and ten positions.
https://lao.ca.gov/Publications/Report/5119

The 2026-27 Budget: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - Geographic Information Systems —These systems provide location data used to direct emergency communications to appropriate dispatch centers and help first responders locate those in need of assistance.
https://lao.ca.gov/Publications/Report/5145

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

Mar 18, 2026 - Previous Studies of California Governance First Major Governance Study Published in 1920. The state ’s first systematic study of governance was the Report of the Special Legislative Committee on Education , published in 1920.
https://lao.ca.gov/Publications/Report/5165

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

Feb 4, 2026 - A year after the first revision, the state adopts a second revision as part of the next budget. 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.
https://lao.ca.gov/Publications/Report/5110