The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - Moreover, even without a stock market downturn, both our office and the administration expect the state to face multiyear deficits, with estimates ranging from $20   billion to $35   billion annually.
https://lao.ca.gov/Publications/Report/5140

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

Feb 10, 2026 - Stock Market Poses Serious Risk to Revenues. While the administration acknowledges the risk of a market downturn, it stops short of incorporating the possibility of one into its revenue estimates. Several historically reliable signs suggest the market is overheated and at a high risk of reversing course in the next year or so.
https://lao.ca.gov/Publications/Report/5116