The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - As of the Governor ’s budget, all but two of these projects were scheduled to complete working drawings in 2026-27, with the remaining projects expected to do so by August 2027. Assuming no project delays emerge this spring, we have no concerns with the proposed funding for these continuing projects.
https://lao.ca.gov/Publications/Report/5159

The 2026-27 Budget: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - In addition, the Legislature would not necessarily be informed in a timely manner if the work falls behind schedule or savings erode further from what is estimated at the May Revision. Moreover, more regular and detailed information would give the Legislature greater insight into the work itself, which could be helpful for identifying future savings opportunities.
https://lao.ca.gov/Publications/Report/5156

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: California Community Colleges

Mar 5, 2026 - This would restore the state ’s community college apportionments payments to their regular schedule and reduce future cost pressures. We  recommend prioritizing funding next for deferred maintenance projects.
https://lao.ca.gov/Publications/Report/5150

The 2026-27 Budget: University of California

Feb 26, 2026 - Retiring the deferral would return UC ’s state payments to their regular schedule, eliminate the associated debt obligation, and reduce state budgetary pressures in the out ‑years. Recommend Removing Out ‑Year Commitments.
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: California State University

Feb 24, 2026 - Retiring the payment deferral would return CSU’s state payments to their regular schedule, eliminate the associated debt obligation, and reduce state budgetary pressures in the out‑years. Recommend Removing Out ‑Year Commitments.
https://lao.ca.gov/Publications/Report/5142

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - The Legislature may wish to monitor this issue by scheduling some of the proposed funding to expire after 2026 ‑27, requiring CDTFA to report on vacancies in key areas, or some combination of the two.
https://lao.ca.gov/Publications/Report/5132

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs [Publication Details]

Feb 23, 2026 - In this post, we discuss three Governor’s budget proposals for the Department of Tax and Fee Administration’s (CDTFA’s) cannabis and tobacco programs.
https://lao.ca.gov/Publications/Detail/5132

The 2026-27 Budget: California Department of Corrections and Rehabilitation

Feb 23, 2026 - Staff have cited concerns about safety, air conditioning and heat, lack of privacy, and dilapidated or limited offices and treatment space, as well as a rigorous work schedule with few flexibilities.
https://lao.ca.gov/Publications/Report/5137