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

Mar 9, 2026 - The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent). Perhaps more concerning, income tax revenues stayed depressed for years following major downturns.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent). Perhaps more concerning, income tax revenues stayed depressed for years following major downturns.
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Because the tax credit is nonrefundable, businesses without a significant California tax liability cannot benefit from the incentive it provides. Two types of businesses fall under this category. First, some firms lack tax liability in California due to ongoing and substantial use of other tax deductions and credits, most commonly the Research & Development Tax Credit and the Net Operating Loss deduction.
https://lao.ca.gov/Publications/Report/5162

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - As another example, a consumer ’s utilization of services would likely change if their goals change (such as deciding to move out of the family home and into a separate residence, or deciding to request employment supports to obtain a job).
https://lao.ca.gov/Publications/Report/5157

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - Social workers employed by county welfare departments conduct an in ‑home assessment of an individual ’s needs in order to determine the amount and type of service hours to be provided. In most cases, the recipient is responsible for hiring and supervising a paid IHSS provider —oftentimes a family member or relative.
https://lao.ca.gov/Publications/Report/5166

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 Welfare

Mar 3, 2026 - Additional $81 million one ‑time provided in 2025 ‑26, available through June 30, 2028. a We note that we are currently seeking clarification from the administration on two components of BH ‑CONNECT that are funded in the Department of Health Care Services —(1) the Activity Funds Initiative (previously called activity stipends) and (2) Initial Joint Behavioral Health Home Visits.
https://lao.ca.gov/publications/report/5147

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

Feb 24, 2026 - Nearly 30  percent of all ZEV passenger vehicles sold nationwide are in California, while the state is only home to about 12  percent of the U.S. population. Federal Light ‑Duty Incentive Program Expired in Late September 2025.
https://lao.ca.gov/Publications/Report/5140

The 2026-27 Budget: In-Home Supportive Services [Publication Details]

Mar 18, 2026 - The LAO is unable to guarantee the accuracy of this translation and is therefore not liable for any inaccurate information resulting from the translation application tool. Choose your language:
https://lao.ca.gov/Publications/Detail/5166

The 2026-27 Budget: CalWORKs

Feb 18, 2026 - In general, expenditures are required to be consistent with four purposes of the federal TANF program, which include: Providing assistance to needy families so that children can be cared for in their own homes.
https://lao.ca.gov/Publications/Report/5122