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

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: Bureau for Private Postsecondary Education

Mar 25, 2026 - The 2022-23 budget then provided BPPE with $24  million one-time General Fund over three years to repay this loan and cover its operational costs while BPPE developed a proposal for a new fee structure.
https://lao.ca.gov/Publications/Report/5169

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - Revenues Generally Cover Costs Over Time. While realignment revenues will not cover all county responsibilities in each year, in general, revenues should grow sufficiently to cover county costs over time.
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - These updates should include, for each workstream, a discussion of the primary activities accomplished in the quarter, any significant changes in activities or time lines relative to the last report, and discussion of activities and time lines for the upcoming quarter.
https://lao.ca.gov/Publications/Report/5156

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - Recommend Using One ‑Time Funds to Build Budget Resiliency. Between the one ‑time cushion and upward revisions to the 2024 ‑25 and 2025 ‑26 minimum guarantee, the Governor ’s budget includes a significant amount of one ‑time funding for CCC.
https://lao.ca.gov/Publications/Report/5150

The 2026-27 Budget: Child Welfare

Mar 3, 2026 - Children ’s Crisis Continuum Pilot $60 million one ‑time in 2021 ‑22, most of which is available through June 30, 2026. Of the total amount, $4 million is available through June 30, 2027 to allow time to prepare a final report for the Legislature by April 1, 2027.
https://lao.ca.gov/publications/report/5147

The 2026-27 Budget: How to Use One-Time Revenue Improvements

Feb 20, 2026 - Any additional resources that materialize at that time should be viewed as a one-time windfall. Despite Revenue Strength, Budget Relies on Reserves and Borrowing. This revenue upgrade comes in addition to already strong revenue growth forecasted in the Governor ’s budget.
https://lao.ca.gov/Publications/Report/5133