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: K-12 Proposals

Feb 19, 2026 - School staff often do not have the skills or experience to implement key aspects of the community schools model, such as improving community eng agement and building partnerships with other local organizations.
https://lao.ca.gov/Publications/Report/5131

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: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - Property owners seeking tax relief under Proposition  19 must file a claim with the county in which the new (replacement) residence is located. After Proposition  19 went into effect, a backlog of claims developed, and some tax bills were sent to property owners that had not been updated to reflect the lower amounts they were entitled to pay under the terms of Proposition  19.
https://lao.ca.gov/Publications/Report/5130

California New Car Registrations: January 2026 [EconTax Blog]

Mar 11, 2026 - Statewide new car registrations declined steadily for several years leading up to the COVID-19 pandemic. Like many other measures of economic activity, registrations plummeted in March and April 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/853

California New Car Registrations: January 2026 [EconTax Blog]

Mar 11, 2026 - Statewide new car registrations declined steadily for several years leading up to the COVID-19 pandemic. Like many other measures of economic activity, registrations plummeted in March and April 2020.
https://lao.ca.gov/LAOEconTax/article/Detail/853

The 2026-27 Budget: CalWORKs

Feb 18, 2026 - As shown in Figure  5, the CalWORKs caseload has steadily grown from early in 2021-22, coinciding with the expiration of enhanced federal Unemployment Insurance benefits following the COVID-19 pandemic.
https://lao.ca.gov/Publications/Report/5122

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

Feb 17, 2026 - Although many of the same arguments apply about the programmatic importance of these positions, maintaining them will have an impact on the General Fund condition (ab out $19  million) and could require the Legislature to identify other budgetary reductions to accommodate their support.
https://lao.ca.gov/Publications/Report/5124

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

Feb 27, 2026 - The 2018 ‑19 budget package provided $11.5  million in 2018 ‑19 (increasing annually to $83.6  million in 2022 ‑23) from SETNA and six positions for OES to build out and support the Next Generation 911 system and maintain the legacy 911 system.
https://lao.ca.gov/Publications/Report/5145