How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The current run-up in stock prices is similarly concentrated in Silicon Valley technology companies, raising the risk of an outsized revenue loss if that market corrects sharply. With the concentration of stock market gains in technology companies, any event that shakes mar ket confidence, including things beyond waning enthusiasm about AI, could be detrimental to state revenues.    
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The current run-up in stock prices is similarly concentrated in Silicon Valley technology companies, raising the risk of an outsized revenue loss if that market corrects sharply. With the concentration of stock market gains in technology companies, any event that shakes mar ket confidence, including things beyond waning enthusiasm about AI, could be detrimental to state revenues.    
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: California Highway Patrol Proposals

Mar 6, 2026 - The department has always faced costs related to inflation, replacement of old equipment, and increases in gas prices —these are not anomalous events. As such, why the department needs an augmentation for covering baseline costs this year rather than accommodating them through relying on its historical practice is unclear.
https://lao.ca.gov/Publications/Report/5152

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - By the May Revision, the Legislature w ill have finalized data on the price index typically used to calculate the COLA rate. At that time, it will also have better information on state revenues, which will in turn affect the amount of funding available for ongoing Proposition  98 augmentations.
https://lao.ca.gov/Publications/Report/5150

The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - Estimates of federal poverty guidelines for 2027 are based on the LAO Consumer Price Index for All Urban Consumers (CPI ‑U) projection. The 2027 federal poverty guidelines will not be finalized until fall 2026.
https://lao.ca.gov/Publications/Report/5148

The 2026-27 Budget: University of California

Feb 26, 2026 - Annual increases are generally based on a three‑year rolling average of changes in the California Consumer Price Index, with a 5 percent cap. In November 2025, the Regents extended and revised the policy.
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: Governor’s Sustainable Aviation Fuel Tax Credit Proposal

Feb 24, 2026 - The total value of this stack depends on various factors such as LCFS and RFS credit prices, as well as the feedstocks used, but cumulatively could total a  couple dollars per gallon for SAF producers.
https://lao.ca.gov/Publications/Report/5139

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - Moreover, given the opaque nature of vehicle pricing, we expect that ensuring that incentives are passed on to consumers, rather than retained (at least to some degree) by manufacturers or vehicle dealers, will be difficult.
https://lao.ca.gov/Publications/Report/5140

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - The California Constitution specifies that the property value used for determining property taxes is set at the property ’s purchase price and then increased annually by 2  percent or less. However, Proposition  19 (2020) allows certain homeowners (such as people who are 55 years or older) to transfer their existing home value for property tax purposes to a new home anywhere in the state.
https://lao.ca.gov/Publications/Report/5130

The 2026-27 Budget: Cap-and-Invest Expenditure Plan

Feb 10, 2026 - The 2026-27 Budget: Cap-and-Invest Expenditure Plan $4,066 $4,221 a Revenue estimates assume allowances will sell at the same average premium above the price floor as has been the case for the last four quarters with fully subscribed auctions.
https://lao.ca.gov/Publications/Report/5114