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: California Department of Corrections and Rehabilitation [Publication Details]

Feb 23, 2026 - This brief provides our analysis of the Governor’s 2026-27 budget proposals related to California Department of Corrections and Rehabilitation.
https://lao.ca.gov/Publications/Detail/5137

The 2026-27 Budget: California Department of Corrections and Rehabilitation

Feb 23, 2026 - If the Legislature chooses to provide the funding for a limited period that is longer than three years, then it could set the due date for this report such that the report would be available to inform budget deliberations prior to the expiration of the funding.
https://lao.ca.gov/Publications/Report/5137

The 2026-27 Budget: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - February Status Report of Contract Provides Little Information. The administration submitted its first February status report of the BCG contract on February 6, 2026. This report provided little information beyond what was already included in the contract.
https://lao.ca.gov/Publications/Report/5156

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

Mar 18, 2026 - It will also need to ensure it continues to receive data from CDE, potentially by codifying statutory reporting requirements or adopting supplemental reporting language. Other issues may arise as the transition proceeds.
https://lao.ca.gov/Publications/Report/5165

The Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight

Mar 18, 2026 - In a 2010 report , SWRCB concluded that “current flows are insufficient.” The report also acknowledged the need for non‑flow habitat improvements, noting that flow and physical habitat measures are not interchangeable.
https://lao.ca.gov/Publications/Report/5163

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - Many Schools Report Key Changes in Practices. Information gathered by CDE from annual progress reports demonstrate that many schools in the first cohort of grantees made key changes through implementing the community schools model.
https://lao.ca.gov/Publications/Report/5131

The 2026-27 Budget: County Administration and H.R. 1 Implementation

Mar 5, 2026 - Recommendations Direct Administration and Counties to Report on Drivers of Payment Error Rates and Plans to Manage Them. We recommend that the Legislature direct both the administration and counties to report at budget hearings on the major drivers of payment error rates and steps currently underway and future efforts to manage them in both Medi ‑Cal and CalFresh.
https://lao.ca.gov/Publications/Report/5149