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: 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 Budget: Medi-Cal Pharmacy Spending

Apr 3, 2025 - Accordingly, we downloaded California’s drug utilization data from the first quarter of 2018 through the second quarter of 2024 (the latest quarter available at the time of our analysis). Rebates —Federal Financial Management Reports.
https://lao.ca.gov/Publications/Report/5026

The 2025-26 Budget: California State Library

Mar 7, 2025 - For example, employees might inadvertently make mistakes, such as accidently clicking on a malicious link or downloading harmful ma terials. The California Department of Technology (CDT) also conducted an assessment.
https://lao.ca.gov/Publications/Report/5013

Fixing Unemployment Insurance

Dec 2, 2024 - Download our companion infographic for a quick summary of the issues and recommendations in this report. California’s unemployment insurance (UI) program provides temporary wage replacement to unemployed workers. The state’s UI program financing system is broken.
https://lao.ca.gov/Publications/Report/4943

The 2024-25 Budget: Broadband Infrastructure

Feb 28, 2024 - The  FCC defines broadband as high ‑speed Internet access that provides a minimum of 25 Megabits per  second (Mbps) download speed and 3 Mbps upload speed. (Mbps measures how much data can be downloaded or uploaded over a network connection.)
https://lao.ca.gov/Publications/Report/4867

Gaming. [Ballot]

Dec 18, 2023 - Banking games generally involve players betting against the “house, ” who is a participant in the game with an interest in the outcome, and percentage games generally involve the house receiving a percentage of the money involved in the game.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-030

Sports wagering. [Ballot]

Dec 18, 2023 - At minimum, these regulations must limit wagering to (1) bets made by people age of 21 and older; (2) professional or college sporting events that do not include animals other than horses; and (3) amateu r sporting events that do not include children under the age of 18.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-031