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

Feb 23, 2026 - CDCR Uses Tele ‑Mental Health Services as a Supplement to On ‑Site Providers. To supplement the services offered to incarcerated patients when on ‑site providers are limited, CDCR uses tele ‑mental health which can replace an in ‑person visit.
https://lao.ca.gov/Publications/Report/5137

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - In July and August 2025, SQRC ’s vacancy rate was 0   percent —well under the court ‑ordered 10  percent vacancy rate. During a site visit in July 2025, SQRC staff noted that retention was high at the prison, and that new applicants have had to be placed on the waitlist because of how well staffed the prison is.
https://lao.ca.gov/Publications/Report/5134

The 2026-27 Budget: Judicial Branch

Feb 11, 2026 - Additionally, since 2009 ‑10, nearly $1.7  billion has been transferred from the judicial branch ’s construction accounts to the General Fund or to support trial court operations. These transfers were originally made to help address the fiscal difficulties then facing the state.
https://lao.ca.gov/Publications/Report/5113

The 2026-27 Budget: California Highway Patrol Proposals

Mar 6, 2026 - The Governor proposes one-time General Fund for two capital outlay-related activities in 2026-27: CHP Field Office Planning and Site Identification. The budget includes $1  million from the General Fund for CHP to identify suitable parcels for replacing up to three field offices and to develop studies for those sites.
https://lao.ca.gov/Publications/Report/5152

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - As with the one ‑time grants, LEAs would be allowed to keep the lesser of $500,000 or 10  percent of the total allocation for their eligible community schools to support coordination activities across school sites.
https://lao.ca.gov/Publications/Report/5131

The 2026-27 Budget: California Student Aid Commission

Feb 17, 2026 - Tuition coverage was graduated downward as household income rose, with students receiving 10  percent tuition coverage at $150,000. Original MCS Program Did Not Require Students to Demonstrate Financial Need.
https://lao.ca.gov/Publications/Report/5127

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

Mar 18, 2026 - According to estimates from the Delta Stewardship Council, California achieved only about 10 percent of the annual target on average between 2018 and 2023. Recognition That Rivers Need More Water to Support Native Fish.
https://lao.ca.gov/Publications/Report/5163