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: Proposition 98 Guarantee and K-12 Spending Plan

Feb 4, 2026 - If the state makes an additional $2.9  billion deposit in 2025 ‑26, it would have $2.7  billion remaining for other one ‑time school and community college priorities (relative to the Governor ’s budget).
https://lao.ca.gov/Publications/Report/5110

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 2025-26 California Spending Plan: Human Services

Nov 21, 2025 - Other Food Assistance Funding and Programmatic Changes Includes About $2.7  Million for CalFresh and SUN Bucks Workload Changes in 2025-26. Of this $2.7  million total funds, about $1  million is General Fund.
https://lao.ca.gov/Publications/Report/5086/3

The 2025-26 California Spending Plan: Human Services

Nov 21, 2025 - Overall, as a result of the federal COLA, in 2025-26, the total maximum SSI/SSP individual grants are estimated to increase by $37.71 (3.1  percent) and the maximum SSI/SSP couples grants are estimated to increase by $56.55 (2.7  percent) —as shown in Figure  1.
https://lao.ca.gov/Publications/Report/5086/4

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - The 2026-27 Budget: California's Fiscal Outlook Executive Summary Not Safe to Bet Artificial Intelligence ( AI) Fueled Exuberance Is Sustainable. Both the California and U.S. economies currently face significant headwinds.
https://lao.ca.gov/Publications/Report/5091

The 2026-27 Budget: Medi-Cal Fiscal Outlook

Nov 19, 2025 - We estimate that the remaining ongoing budget solution savings ($2.7  billion) over the multiyear will mainly come from two key areas. First, the state enacted several policy changes to reduce pharmacy spending.
https://lao.ca.gov/Publications/Report/5092