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 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

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - These costs would come primarily from buying equipment and having sufficient on site medical assistants. CDCR, in coordination with CalHR, may need to use pay differentials for those who work inside prisons so that such providers have an incentive to remain on site.
https://lao.ca.gov/Publications/Report/5134

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

The 2026-27 Budget: Judicial Branch

Feb 11, 2026 - In addition, it proposes $47.6  million one ‑time General Fund for the continuation of the following construction projects: $18.1  million reappropriation of funds for the performance criteria phase of the New Fresno Courthouse project, which had been delayed due to an extended site selection process. $14.1  million for the construction phase of projects to build out two
https://lao.ca.gov/Publications/Report/5113

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

Mar 18, 2026 - While VAs can result from litigation, they differ from regular court orders or traditional top ‑down regulations in that the affected parties negotiate a settlement to try to achieve agreed ‑upon objectives.
https://lao.ca.gov/Publications/Report/5163

The 2026-27 Budget: California Student Aid Commission

Feb 17, 2026 - This income level equates to roughly the top 90th percentile of households in California (meaning only about one in ten households makes above that level). Lastly, under the revamped program, students at private universities remain ineligible for MCS awards.
https://lao.ca.gov/Publications/Report/5127