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: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - Additionally, the incentives would only apply to first ‑time purchasers of ZEVs and to vehicles that do not exceed certain manufacturer ’s suggested retail prices, such as $55,000 for new sedans and $80,000 for new sport utility vehicles and light ‑duty trucks.
https://lao.ca.gov/Publications/Report/5140

Overview of Proposition 28 Arts Funding for Schools [Publication Details]

Feb 12, 2026 - Assembly Committee on Education and Assembly Committee on Arts, Entertainment, Sports, and Tourism
https://lao.ca.gov/Publications/Detail/5109

The 2026-27 Budget: Framework for Approaching the Natural Resources, Environmental Protection, and Agriculture Budget

Feb 10, 2026 - The proposal prioritizes improvements in high ‑traffic areas to mitigate this risk and improve public access to newly opening museums and sport facilities which will be used for high ‑profile international events.
https://lao.ca.gov/Publications/Report/5116

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'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 2025-26 California Spending Plan: Proposition 98 and K-12 Education

Nov 10, 2025 - These funds will support general operations and the Unified Champion Schools Program, the Healthy Athletes Program, and the Community Sports Program. The funding is intended to provide the Special Olympics with $10  million in funding annually from 2025-26 through 2027-28.
https://lao.ca.gov/Publications/Report/5087

The 2025-26 Budget: Child Welfare

Feb 13, 2025 - The funds may be used for physical wellness activities and goods that promote a healthy lifestyle (suc h as sports club fees and gym memberships, bicycles, and related safety equipment) as well as for strengths-developing activities (such as music lessons, art lessons, and therapeutic summer camps).
https://lao.ca.gov/Publications/Report/4962

The 2024-25 California Spending Plan: Human Services

Oct 2, 2024 - This program will afford foster youth a monthly allocation to participate in activities, such as sports or academic enrichment. A youth ’s individual budget will depend on their assessed tier (as shown in Figure  2 below).
https://lao.ca.gov/Publications/Report/4933/6