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

Mar 9, 2026 - Revenues regained their nominal levels in 55 months after the dot-com bubble, 53 months following the global financial crisis, and 40 months after the 2022 rate hike drawdown. Multi-year revenue declines amplify the strain on the state budget during major market downturns.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - Revenues regained their nominal levels in 55 months after the dot-com bubble, 53 months following the global financial crisis, and 40 months after the 2022 rate hike drawdown. Multi-year revenue declines amplify the strain on the state budget during major market downturns.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Moreover, investors have been aggressive in taking on high levels of margin debt (borrowing to buy stocks), which has reached approximately three times the historical norm. These and other indicators are at levels previously only seen at times when the market was approaching a peak before entering a period of retrenchment.
https://lao.ca.gov/Publications/Report/5104

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - If such changes affect company profits or employment levels in California, it would affect state and local tax revenues. Whether this woul d occur is uncertain. Summary of Major Fiscal Effects. The measure would have the following major fiscal effects: Increased state costs that would likely be in the tens of millions of dollars annually to establish and operate a new regulatory commission overseeing certain public benefit AI com panies.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

The 2026-27 Budget: Food Assistance Programs

Feb 18, 2026 - Of these, about 665,500 are estimated t o not meet the requirement, becoming at risk of losing food assistance. Any discontinuances would gradually occur over 12 months as affected recipients undergo annual recertification.
https://lao.ca.gov/Publications/Report/5126

The 2026-27 Budget: Governor’s Office of Land Use and Climate Innovation Proposals

Mar 19, 2026 - If the Legislature determines that its other existing state commitments are higher priority than the LCI activities that would be funded with these proposals, it could revise existing statutory requirements t o downscale LCI ’s responsibilities and resource needs.
https://lao.ca.gov/Publications/Report/5167

California New Car Registrations: February 2026 [EconTax Blog]

Apr 7, 2026 - Registrations rebounded substantially in the subsequent months but generally have remained below pre-pandemic levels.   For example, registrations in February 2026 were 13 percent lower than in February 2020.  
https://lao.ca.gov/LAOEconTax/Article/Detail/855

California New Car Registrations: February 2026 [EconTax Blog]

Apr 7, 2026 - Registrations rebounded substantially in the subsequent months but generally have remained below pre-pandemic levels.   For example, registrations in February 2026 were 13 percent lower than in February 2020.  
https://lao.ca.gov/LAOEconTax/article/Detail/855

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

Feb 27, 2026 - This analysis should compare the options based on the key parameters described above (such as cost and effectiveness of addressing the problems encountered to date) as well as any others deemed relevant by O ES.
https://lao.ca.gov/Publications/Report/5145

The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - Figure 4 SSI/SSP Monthly Maximum Grant Levels a 2024 ‑25 (Actual) Percent of federal poverty level b 93% Percent of federal poverty level b 117% 116% 114% a The maximum monthly grants displayed refer to those for aged and disabled individuals and couples living in their own households, effective as of January 1 of the respective calendar year. b Compares grant level to federal poverty guidelines from the U.S.
https://lao.ca.gov/Publications/Report/5148