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

Assessing a Shift to Enrollment-Based School Funding

Jan 6, 2026 - First, it funds LEAs based on their average daily attendance. Second, it publishes chronic absenteeism data on the school dashboard and uses this data as part of the state ’s approach to identify LEAs that are eligible for differentiated assistance.
https://lao.ca.gov/Publications/Report/5100

The 2026-27 Budget: California Education Learning Lab

Mar 25, 2026 - Introduction In this post, we first provide background on Learning Lab. We then discuss the Governor ’s proposal to continue the program, assess the proposal, and provide an associated recommendation.
https://lao.ca.gov/Publications/Report/5171

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

Feb 4, 2026 - For any given year, the relationship between revenues and the guarantee depends on which Proposition  98 test is operative and whether another test could become operative with different inputs. In 2025 ‑26 and 2026 ‑27, Test 1 is likely to remain operative even if revenues or other inputs vary significantly from the Governor ’s budget estimates.
https://lao.ca.gov/Publications/Report/5110

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

Feb 27, 2026 - First, Chapter  54 (S B  96 , Committee on Budget and Fiscal Review) changed the structure of the fees that are deposited in SETNA, thereby increasing revenue to enable OES to pay for costs associated with planning, testing, implementing, and operating a Next Generation 911 system.
https://lao.ca.gov/Publications/Report/5145

The 2026-27 Budget: Medi-Cal Analysis

Mar 2, 2026 - Oversight and Development of Budget Solutions In this section, we first provide an update on the package of Medi ‑Cal budget solutions enacted in the 2025 ‑26 budget and assess the status of those enacted solutions.
https://lao.ca.gov/Publications/Report/5146

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - RCs are responsible for providing assessments and diagnoses to determine eligibility; this process can include a review of an applicant ’s records as well as tests performed by doctors and/or psychologists.
https://lao.ca.gov/Publications/Report/5157