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

Mar 9, 2026 - Income Taxes Tend to Lag Major Market Turns by Up to a Year. State income tax growth typically lags stock market turning points by six to twelve months. Before past downturns, taxes have generally grown briskly, often due to the same stock market run-ups that preeceded the downturn.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - Income Taxes Tend to Lag Major Market Turns by Up to a Year. State income tax growth typically lags stock market turning points by six to twelve months. Before past downturns, taxes have generally grown briskly, often due to the same stock market run-ups that preeceded the downturn.
https://lao.ca.gov/LAOEconTax/article/Detail/852

Implementing California’s Child Welfare Prevention Services Program

Jan 28, 2026 - Additionally, some counties note that child welfare staff and/or staff of partner organizations already use MI or similar models and have achieved positive results, making MI the most straight forward to implement of the state ’s ten selected options.
https://lao.ca.gov/Publications/Report/5106

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - Any level above that is up to the discretion of the Legislature. As a result, we consider the entire balance of the SFEU to be a discretionary choice. 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: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - The Legislature authorized the funding for the contract with the expectation that costs of up to $20  million could yield up to $2  billion General Fund savings annually by 2028-29. The contract is now in place.
https://lao.ca.gov/Publications/Report/5156

The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 4, 2026 - If the second revision exceeds the first, the state makes another settle ‑up payment. Figure  6 summarizes the usual schedule for these revisions and settle ‑up payments. From an accounting perspective, settle ‑up payments are always scored to the year in which the guarantee increased, rather than to the year the state disburses the payment to schools.
https://lao.ca.gov/Publications/Report/5110

The 2026-27 Budget: Streamlining California’s Affordable Housing Funding System

Mar 6, 2026 - This split, in turn, is based on SGC ’s practice of awarding up to $35   million per project (70   percent) for affordable housing and up to $15   million (30   percent) for transportation. Yet, there is no inherent policy rationale for that 70/30 split.
https://lao.ca.gov/Publications/Report/5154

The 2026-27 Budget: How to Use One-Time Revenue Improvements

Feb 20, 2026 - For example, we recommend the Legislature: Do Not Suspend the $3  Billion True Up Into the Budget Stabilization Account (BSA). The Governor ’s budget proposes suspending a roughly $3  billion true-up deposit that otherwise would be required in 2025-26.
https://lao.ca.gov/Publications/Report/5133

The 2026-27 Budget: Contract to Achieve Operational Efficiencies [Publication Details]

Mar 10, 2026 - The 2026-27 Budget: Contract to Achieve Operational Efficiencies [Publication Details] The 2026-27 Budget: Contract to Achieve Operational Efficiencies Format: HTML Description: The 2025-26 budget appropriated up to $20 million to the Department of Finance (DOF) to contract with a consulting firm to assist and advise DOF in creating efficiencies through process improvements in state government.
https://lao.ca.gov/Publications/Detail/5156

California New Car Registrations: January 2026 [EconTax Blog]

Mar 11, 2026 - Statewide new car registrations declined steadily for several years leading up to the COVID-19 pandemic. Like many other measures of economic activity, registrations plummeted in March and April 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/853