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

Mar 9, 2026 - March 9, 2026 Chas Alamo State Budget Is Heavily Reliant on Stock Market Earnings. California 's progressive income tax system is heavily reliant on stock market earnings because the state has concentrated its tax collections among high-income earners whose incomes are most tied to the stock market through capital gains, equity compensation, and investment returns.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - March 9, 2026 Chas Alamo State Budget Is Heavily Reliant on Stock Market Earnings. California 's progressive income tax system is heavily reliant on stock market earnings because the state has concentrated its tax collections among high-income earners whose incomes are most tied to the stock market through capital gains, equity compensation, and investment returns.
https://lao.ca.gov/LAOEconTax/article/Detail/852

Residency rules for state personal income tax purposes. [Ballot]

Jan 27, 2026 - These commonly include wages for temporary work performed i n the state, owner income from businesses based in the state, and capital gains from selling real estate they own in the state. Nonresidents pay about 5  percent of all state income taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-039

Prohibit new taxes on financial assets and other personal property. [Ballot]

Jan 27, 2026 - Personal property is all the things that people own other than real estate. For example, the state taxes owners of cars and trucks. Similarly, local governments tax owner s of boats and business equipment.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

The 2026-27 Budget: University of California

Feb 26, 2026 - UC places its pooled cash in investment accounts and uses some of the annual investment earnings to support core operations. UC also receives overhead revenue associated with federal contracts and grants —known as federal indirect cost recovery —that helps support campus research infrastructure and certain central administrative costs.
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: Department of Justice

Feb 11, 2026 - A large portion of the General Fund support is used to support the Armed and Prohibited Persons System (APPS) enforcement teams, which seize firearms from people prohibited from owning or possessing them.
https://lao.ca.gov/Publications/Report/5118

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - For example, CDCR psychologists, according to the state Auditor, earn between $56 and $85 per hour —well above the average hourly rate paid in other states. According to 2023 data from the Bureau of Labor Statistics, California is the highest paying state for psychologists with the average hourly wage at $64 per hour, whereas psychologists nationwide earned a median of $53 per hour (21  percent less).
https://lao.ca.gov/Publications/Report/5134

The 2026-27 Budget: California Student Aid Commission

Feb 17, 2026 - To do so, the state is using a General Fund cash loan to cover the payments to students. This approach only works if the state is in a strong cash position. If the state ’s cash position weakens, which has happened during previous fiscal downturns, the state could find that internal borrowing is no longer an option.
https://lao.ca.gov/Publications/Report/5127

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: Child Care and State Preschool

Mar 19, 2026 - Three ‑ and four ‑year old children are generally eligible for State Preschool if their family earns at or below the state median income ($109,904 annual income for a family of three and $127,338 annual income for a family of four).
https://lao.ca.gov/Publications/Report/5168