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: Department of Justice

Feb 11, 2026 - Concerns With DROS Special Account Insolvency Led to Greater Use of General Fund … As shown in Figure  2, support for BOF followed a fee-based funding structure through 2018-19, with all BOF costs supported by special funds.
https://lao.ca.gov/Publications/Report/5118

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - By 2030 ‑31, when all current grantees would have exhausted their one ‑time funding, assuming community school grant rates receive COLA, we estimate ongoing costs for funding all eligible schools would be a few hundred million dollars higher than the funding provided under the proposal.
https://lao.ca.gov/Publications/Report/5131

The 2026-27 Budget: Framework for Approaching the Natural Resources, Environmental Protection, and Agriculture Budget

Feb 10, 2026 - However, the Legislature could support this activity while lessening the General Fund impacts by funding more or all of these positions out of CalFire ’s existing GGRF allocation in lieu of using General Fund.
https://lao.ca.gov/Publications/Report/5116

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - Eliminate the Requirement for Licensed Out ‑of ‑State Providers to Get California Licenses. We recommend expanding the licensing exemptions so that all out ‑of ‑state mental health providers already licensed in their respective state no longer need to acquire a California license to work at CDCR.
https://lao.ca.gov/Publications/Report/5134

The 2026-27 Budget: California State University

Feb 24, 2026 - As a result, it could redirect some or all of this funding elsewhere due to competing spending priorities. Governor Presents No Plan for How to Honor Out‑Year Commitments. The Governor’s budget continues to make out‑year funding commitments to CSU in fiscal years when the state is projected to have substantial General Fund deficits.
https://lao.ca.gov/Publications/Report/5142

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

Mar 19, 2026 - Moreover, our review found that LCI ’s proposed total of 20 IT staff positions is not out of line with the size of IT units at other comparable state departments. Existing Positions Supported by Limited-Term Funding.
https://lao.ca.gov/Publications/Report/5167

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

Feb 17, 2026 - Governor ’s Proposal Includes Savings From Elimination of All Residual Positions. The Governor ’s budget released in January assumes all the residual positions are eliminated and, accordingly, scores associated annual savings in both 2025-26 and 2026-27.
https://lao.ca.gov/Publications/Report/5124