The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - If the Legislature is concerned about the potential for a short-term spike in the program ’s fiscal costs, especially in light of the state ’s structural budget issues, some modifications could be considered.
https://lao.ca.gov/Publications/Report/5162

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

Mar 18, 2026 - By holding SWRCB accountable to the Bay ‑Delta Plan ’s objectives and shining a light on the successes, challenges, and unintended consequences of the VA program, the Legislature can help ensure the state achieves its environmental and water management goals for this important watershed.
https://lao.ca.gov/Publications/Report/5163

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - In light of the state ’s fiscal situation (as described in the LAO publication: The 2026‑27 Budget: Overview of the Governor’s Budget ), the Governor’s 2026‑27 budget also proposes three budget reductions in IHSS: A proposal to eliminate the IHSS Permanent Back ‑up Provider Program (estimated to save $3.5  million in 2026 ‑27 and on ‑going) A proposal to align IHSS eligibility
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - Given that the department has made progress in planning LOIS, it is generally reasonable to continue the PAL process, particularly in light of the administration ’s success in securing enhanced federal funding.
https://lao.ca.gov/Publications/Report/5157

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

Mar 9, 2026 - A Look at Prior Downturns Can Shed Light on Magnitude of Risk to State Budget.   Understanding how past stock market downturns have translated into income tax revenue shortfalls is important context for anticipating the risks that any future correction in AI-driven valuations might pose.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - A Look at Prior Downturns Can Shed Light on Magnitude of Risk to State Budget.   Understanding how past stock market downturns have translated into income tax revenue shortfalls is important context for anticipating the risks that any future correction in AI-driven valuations might pose.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: Medi-Cal Analysis

Mar 2, 2026 - In light of what is known to date about the new federal rules, we recommend the Legislature treat the administration ’s assumptions around the health plan tax and private hospital fee as a reasonable starting point.
https://lao.ca.gov/Publications/Report/5146

The 2026-27 Budget: University of California

Feb 26, 2026 - Rather than making commitments in advance, the Legislature could determine each year how much ongoing support it can afford to provide UC in light of overall fiscal conditions and competing budget priorities.
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: California State University

Feb 24, 2026 - Rather than making commitments in advance, the Legislature could determine each year how much support it can afford to provide CSU in light of overall fiscal conditions and competing budget priorities.
https://lao.ca.gov/Publications/Report/5142

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

Feb 24, 2026 - In light of these concerns, we recommend the Legislature reject the Governor ’s proposed tax credit. Background Aircraft Produce Relatively Small Share of GHG Emissions … Aircraft are not among the largest contributors to GHG emissions.
https://lao.ca.gov/Publications/Report/5139