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: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - After these dispatch centers have been migrated, OES will focus on deploying Next Generation 911 services to the Los  Angeles area, to help prepare for the 2028  Olympic and Paralympic games. In addition to these priorities, up to 20 other dispatch centers (those in most urgent need) will also be moved onto the statewide network.
https://lao.ca.gov/Publications/Report/5145

The 2026-27 Budget: Proposed Elimination of State Environmental Positions

Feb 17, 2026 - For example, at the California Department of Fish and Wildlife (CDFW), positions include game wardens who prov ide important law enforcement and wildlife and resource protection services. Some CDFW positions also administer various permits, a key function to ensure that projects —from habitat restoration to infrastructure and housing development —can be completed with less damage to the environment.
https://lao.ca.gov/Publications/Report/5124

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

Feb 10, 2026 - Adequate staffing for the museum will allow it to open to the public on time and with the appropriate maintenance, especially as the number of visitors to Expo Park increases in advance of the 2028 Olympic and Paralympic Games in Los Angeles.
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

Artificial intelligence (AI) and child safety. [Ballot]

Dec 12, 2025 - The law excludes certain chatbots, such as those used solely for customer service, business operations, video game interactions limited to game-related topics, and stand-alone voice-activated virtual assistants that do not maintain relationships across interactions.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-025

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: Transportation

Oct 16, 2025 - The budget also provides Caltrans with $17.6  million on a one-time basis from the State Highway Account for the Games Route Network and other related highway improvements. Additionally, SB  128 appropriates $1,000 from the State Highway Account for Caltrans to fund capital projects that support the Games Route Network.
https://lao.ca.gov/Publications/Report/5077

The 2025-26 California Spending Plan: Natural Resources and Environmental Protection

Oct 16, 2025 - Assembly Bill 149 exempts from CEQA the construction of temporary facilities for the 2028 Olympic and Paralympic Games and also exempts any temporary Olympics facility located in the coastal zone from having to obtain a coastal development permit.
https://lao.ca.gov/Publications/Report/5080