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: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program [Publication Details]

Mar 3, 2026 - The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program [Publication Details] The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program Format: HTML Description: For 2026-27, the Governor’s budget proposes $3.6 billion from the General Fund for the state’s share of SSI/SSP—an increase of $94 million (2.7 percent) from the Governor’s revised 2025-26 budget estimate.
https://lao.ca.gov/Publications/Detail/5148

The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program Summary For 2026-27, the Governor ’s budget proposes $3.6  billion from the General Fund for the state ’s share of SSI/SSP —an increase of $94  million (2.7  percent) from the Governor ’s revised 2025-26 budget estimate.
https://lao.ca.gov/Publications/Report/5148

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: County Administration and H.R. 1 Implementation [Publication Details]

Mar 5, 2026 - In this brief, we assess the Governor's proposed funding for county administration of Medi-Cal and CalFresh in response to H.R. 1 and provide related recommendations.
https://lao.ca.gov/Publications/Detail/5149

The 2026-27 Budget: County Administration and H.R. 1 Implementation

Mar 5, 2026 - What has been the state ’s recent record of compliance with the Medicaid payment error rate requirements? What steps is DHCS taking to reduce the Medi ‑Cal payment error rate in advance of H.R.  1 changes?
https://lao.ca.gov/Publications/Report/5149

The 2026-27 Budget: Child Care and State Preschool [Publication Details]

Mar 19, 2026 - In this brief, we assess the Governor’s 2026-27 proposals for child care and State Preschool and provide associated recommendations.
https://lao.ca.gov/Publications/Detail/5168

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - In 2023 ‑24, the state redirected funding associated with the statutory COLA for all programs to cover costs of the monthly cost of care plus payments. In 2025 ‑26, the state used the estimated cost of the statutory COLA to provide a uniform increase in monthly cost of care plus payments to all providers.
https://lao.ca.gov/Publications/Report/5168

The 2026-27 Budget: Food Assistance Programs

Feb 18, 2026 - Figure 1 State Shares of CalFresh Benefit Costs for Different Payment Error Rates Payment Error Rate State Share of Benefit Costs Approximate Annual California Cost
https://lao.ca.gov/Publications/Report/5126