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: 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

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

Mar 5, 2026 - Those impacts are also reflected in this line, resulting in minor overlap. CFAP = California Food Assistance Program; ABAWD = able ‑bodied adult without dependents; and SUAS = State Utility Assistance Subsidy.
https://lao.ca.gov/Publications/Report/5149

The 2026-27 Budget: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - Accordingly, to fully assess the value of the contract, the Legislature will need a clear and comprehensive understanding of its likely outcomes. Are the Activities in Line With Legislative Priorities for the Programs?
https://lao.ca.gov/Publications/Report/5156

The 2026-27 Budget: Bureau for Private Postsecondary Education

Mar 25, 2026 - Under this time line, the administration estimates BPPE would make annual payments of $1.9  million from 2026-27 through 2031-32, with those payments totaling $11.5  million (including interest) across the six-year period.
https://lao.ca.gov/Publications/Report/5169

The 2026-27 Budget: California Education Learning Lab

Mar 25, 2026 - Even the segment-specific work b eing done to improve learning outcomes is likely to have broader and more integrated results than Learning Lab ’s projects. This is because work being done within a segment is more likely to affect an entire department, campus, or even the whole segment (through initiatives like CSU ’s GI 2025).
https://lao.ca.gov/Publications/Report/5171

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

Feb 10, 2026 - Additionally, CARB still is considering linking California’s cap‑and‑invest program with the program in Washington state. Such a linkage could affect allowance prices in both states as they come into alignment.
https://lao.ca.gov/Publications/Report/5114

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - Under SCFF, districts receive apportionment funding for regular credit courses based on three components: (1)  a base allocation linked to  enrollment, (2)  a supplemental allocation linked to low ‑income student counts, and (3)  a student success allocation linked to specified student outcomes.
https://lao.ca.gov/Publications/Report/5150

The 2026-27 Budget: Higher Education Overview

Feb 5, 2026 - The state budget, however, likely will not be able to sustain ongoing non ‑Proposition  98 General Fund increases over the next few years. Rather, in the coming months and years, the state will likely have to take significant action to reduce spending on existing ongoing programs, raise additional tax revenues, or find other budget ‑balancing solutions.
https://lao.ca.gov/Publications/Report/5112