The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Placing a limit on how quickly the pool of recycled credits can be drawn down could smooth increased fiscal impacts over a longer period. Alternatively, the total size of the California Competes credit pool could be capped to place an upper limit on the fiscal impact of a full drawdown.
https://lao.ca.gov/Publications/Report/5162

The Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight

Mar 18, 2026 - Moreover, VAs are more flexible than traditional regulations (allowing adaptation in closer to real time), have fewer adverse impacts on water users, provide more certainty to water agencies, and could be implemented more quickly.
https://lao.ca.gov/Publications/Report/5163

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

Mar 9, 2026 - The three minor downturns  (1981, 1987, and 1990) led to income tax declines of less less than 10 percent (average of 5 percent), with revenues recovering quickly. The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent).
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - The three minor downturns  (1981, 1987, and 1990) led to income tax declines of less less than 10 percent (average of 5 percent), with revenues recovering quickly. The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent).
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: Streamlining California’s Affordable Housing Funding System

Mar 6, 2026 - In such cases, this rigid approach would result in resources being tied up unnecessarily for most of the year, undercutting the state ’s priority of quickly deploying funds for developers to build projects.
https://lao.ca.gov/Publications/Report/5154

The 2026-27 Budget: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - The additional amount that would be needed depends on many different variables, including: (1)  the extent to which the state is able to incorporate the existing Next Generation 911  components deployed under the regional approach, (2)  how quickly it can decommission the legacy 911 system, (3)  the cost of the interim contract and solutions, and (4)  the time (and cost) of building out and deploying the new statewide  system.
https://lao.ca.gov/Publications/Report/5145

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

Feb 23, 2026 - This is because the Coleman case has already spanned several decades, which indicates the issues remaining are complex and may not be resolved as quickly as expected. The Receiver acknowledges that the time line is ambitious.
https://lao.ca.gov/Publications/Report/5137

The 2026-27 Budget: Framework for Approaching the Natural Resources, Environmental Protection, and Agriculture Budget

Feb 10, 2026 - Accordingly, starting these discussions and planning efforts now would increase the likelihood that any resulting fiscal benefits could be realized more quickly and when  needed. Avoid Adopting Policies That Will Create Additional Out ‑Year Budget Pressures.
https://lao.ca.gov/Publications/Report/5116

The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 4, 2026 - The Proposition  98 reserve is particularly powerful because it (1)  can be accessed relatively quickly, (2)  can support any school or community college activities, and (3)  avoids disrupting district cash flow (unlike payment deferrals).
https://lao.ca.gov/Publications/Report/5110

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104