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

Mar 9, 2026 - The result was a deeper and more protracted revenue decline than the state experienced during the broader financial crisis and related recession. This dynamic may be especially notable today. 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.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - The result was a deeper and more protracted revenue decline than the state experienced during the broader financial crisis and related recession. This dynamic may be especially notable today. 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.
https://lao.ca.gov/LAOEconTax/article/Detail/852

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

Mar 5, 2026 - To what extent are realignment funds used to support CalFresh administration today versus other county funds? How will increased county costs for CalFresh administration under H.R.  1 affect efforts to reduce payment error rates?
https://lao.ca.gov/Publications/Report/5149

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

Mar 3, 2026 - As a result, SSI/SSP costs increase from 2025-26 to 2026-27 as the Governors 2026-27 budget does not include a technical downward adjustment. However, as of this writing, this reimbursement has not materialized.
https://lao.ca.gov/Publications/Report/5148

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

Feb 23, 2026 - We recommended that the Licensing Program be funded exclusively through license fees, which is how it is funded today. LAO Recommendations Approach Proposals as Pieces of a Bigger Policy Puzzle. Cannabis and tobacco compliance present an ongoing policy challenge for the Legislature.
https://lao.ca.gov/Publications/Report/5132

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - If people in other states were allowed to provide tele ‑mental health services in California prisons, the state might be able to attract qualified candidates living in lower ‑cost ‑of ‑living areas with higher pay, while still allowing them to maintain their residency in other states.
https://lao.ca.gov/Publications/Report/5134

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

Feb 23, 2026 - If people in other states were allowed to provide tele ‑mental health services in California prisons, the state might be able to attract qualified candidates living in lower ‑cost ‑of ‑living areas with higher pay, while still allowing them to maintain their residency in other states.
https://lao.ca.gov/Publications/Report/5137

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

Mar 18, 2026 - Other fish that migrate through or live in the Delta also are listed as threatened or endangered, including Central Valley steelhead and Delta smelt. State Failing to Meet Goal for Doubling Natural Salmon Population.
https://lao.ca.gov/Publications/Report/5163

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - Residential services, which include independent and supported living services either in a consumer ’s home or in licensed facilities that provide 24 ‑hour nonmedical residential care, typically have a relatively higher cost per person due to the comprehensiveness of the service provided (including personal services, supervision, and/or assistance essential for self ‑protection or completing the activities of daily living).
https://lao.ca.gov/Publications/Report/5157

Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - Beginning in 2027, the measure would allow age-eligi ble homeowners to request an exemption from their county assessor if they have lived in the home for five years or lived in the state for ten years.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035