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: K-12 Proposals

Feb 19, 2026 - The administration ind icates it plans to modify this part of the proposal in the May Revision and may allow funds to be used for a broader set of activities related to community  schools. Effects of Community Schools Model Research Finds Benefits to Community Schools Model.
https://lao.ca.gov/Publications/Report/5131

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

Immunology and immunotherapy. [Ballot]

Dec 17, 2025 - The net fiscal impact of the ind irect effects of the measure is unknown at this time. Summary of Fiscal Effects. We estimate that the measure would have the following major, direct fiscal effect: Increased state costs of about $500 million annually for 25 years to repay the bonds.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-026

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: Housing, Homelessness and Local Government

Oct 22, 2025 - The budget provides $2.4  million one-time General Fund for the Civil Right Department ’s California vs. Hate initiative. California vs. Hate is a non-emergency hotline and online portal that allows state residents to report hate crimes and hate incidents.
https://lao.ca.gov/Publications/Report/5082

Trends in CalWORKs: Participant Characteristics

Jun 16, 2025 - Grant amounts are adjusted based on AU   size —larger  AUs are eligible to receive a larger grant   amount —to  account for the increased financial needs of larger families. As of December 2023, about 40  percent of CalWORKs cases included everyone in the family, making the AU size and the family size the same.
https://lao.ca.gov/Publications/Report/5057

The 2025-26 Budget: SB 678 County Probation Grant Program

Apr 11, 2025 - Additionally, the administration ind icates it does not anticipate proposing future changes to the baseline. This means it would not be adjusted for policy changes such as Proposition  36 (2024). Proposition  36 increased punishment for various theft and drug crimes, which could make it easier for people to fail-to-prison while on county felony supervision.
https://lao.ca.gov/Publications/Report/5031

The 2025-26 Budget: Overview of the Federal CalWORKs Pilot

Feb 21, 2025 - Grant amounts are adjusted based on AU size —larger AUs are eligible to receive a larger grant amount —to account for the increased financial needs of larger families. As of December 2023 (when the most recent analysis was conducted), about 40  percent of CalWORKs cases included everyone in the family (and thus the AU size and the family size were the same).
https://lao.ca.gov/Publications/Report/4978