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

Mar 9, 2026 - Once the stock market drops, revenue growth   first slows, then stalls, then turns negative. The dot-com example below illustrates this pattern. In practice, this means the state could see continued but weakened revenue growth for some time after a correction before the outlook turns clearly negative.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - Once the stock market drops, revenue growth   first slows, then stalls, then turns negative. The dot-com example below illustrates this pattern. In practice, this means the state could see continued but weakened revenue growth for some time after a correction before the outlook turns clearly negative.
https://lao.ca.gov/LAOEconTax/article/Detail/852

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - To do this, we add a stock market indicator to our forecast models alongside other the economic variables. The added risk variable weighs on the range of revenue outcomes that we view as most plausible.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: County Administration and H.R. 1 Implementation

Mar 5, 2026 - What role do county policies and processes and the design and operation of automation and data systems play in determining the state ’s error rates in each program? Do some counties have significantly higher or lower error rates than others and are there practices or other circumstances that contribute to this  variation?
https://lao.ca.gov/Publications/Report/5149

The 2017-18 Budget: Governor’s Proposal to Strengthen Information Security

Feb 28, 2017 - Maturity is an indicator of how prepared departments are to prevent or respond to a security attack in a way that mitigates any negative consequences. Low maturity departments are not well prepared for attack and generally react to security incidents rather than proactively working to prevent them from occurring.
https://lao.ca.gov/Publications/Report/3594

The 2026-27 Budget: Medi-Cal Analysis

Mar 2, 2026 - Although H.R. 1 does not require states to apply the community engagement requirement and six ‑month renewals to adults with UIS (whose Medi ‑Cal full scope coverage is entirely state ‑funded), the administration proposes to do so.  
https://lao.ca.gov/Publications/Report/5146

The 2026-27 Budget: Medi-Cal Fiscal Outlook

Nov 19, 2025 - For example, this change might require clinics to track their patients ’ immigration status —a practice that many clinics generally do not undertake. Any implementation challenges resulting from such hurdles could delay the timing of savings or reduce the long ‑term effect altogether.
https://lao.ca.gov/Publications/Report/5092

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - The department has stated that its goal is to have as many providers as possible earn the quality payments, but it has not yet discussed how it might approach circumstances in which providers do not achieve them.
https://lao.ca.gov/Publications/Report/5157

The 2020-21 Budget: Governor’s Information Security Proposals

Feb 25, 2020 - (We do not provide an in-depth analysis of any individual entity ’s budget request in this post.) We focus the remainder of the post on findings and recommendations concerning constraints currently faced by the Legislature in evaluating IS-related budget requests.
https://lao.ca.gov/Publications/Report/4176

Assessing a Shift to Enrollment-Based School Funding

Jan 6, 2026 - If  LEAs were funded based on enrollment, they would receive funding regardless of how much independent study students participate in instruction and complete work. LEAs are currently required to establish procedures for reengaging with students who are not regularly attending or completing work.
https://lao.ca.gov/Publications/Report/5100