The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - In 1991 ‑92, the caseload grew at a rate of 8.1  percent. The following year (1992 ‑93), the caseload growth dropped to 1.4  percent. Over the next eight years, growth rates fluctuated between 3  percent and 8  percent, until reaching a peak growth rate of 10.2  percent and 10.4  percent in 2001 ‑02 and 2002 ‑03, respectively.
https://lao.ca.gov/Publications/Report/5166

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

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/article/Detail/852

Changes in University of California General Fund Spending [EdBudget]

Feb 13, 2026 - DOF included in Schedule 9 the original appropriations. e Reflects removal of $8.1 million from UC's budget relating to a UC Santa Cruz and Cabrillo College intersegmental housing project being shifted to being supported with Proposition 2 funds.
https://lao.ca.gov/Education/EdBudget/Details/1044

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

Feb 4, 2026 - From  an accounting perspective, nearly all of this spending ($8.1  billion) is attributable to the increase in the 2026 ‑27 guarantee. Most of the remaining $1.6  billion relates to 2024 ‑25, reflecting the increase in the guarantee and the settle ‑up payment being made that year.
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

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - The measure would have the following major fiscal effects: Increased state costs that would likely be in the tens of millions of dollars annually to establish and operate a new regulatory commission overseeing certain public benefit AI com panies.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091

Rethinking California's Reserve Policy

Apr 10, 2025 - In March of 2004, on the heels of the dot ‑com bust, voters passed Proposition  58, which created the Budget Stabilization Account (BSA). In the 2006 ‑07 budget, the Legislature deposited $472  million into the BSA and in 2007 ‑08 deposited $1.5  billion.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: In-Home Supportive Services

Mar 6, 2025 - In 1991-92, the caseload grew at a rate of 8.1  percent. The following year (1992-93), the caseload growth dropped to 1.4  percent. Over the next eight years, growth rates fluctuated between 3  percent and 8  percent, until reaching a peak growth rate of 10.2  percent and 10.4  percent in 2001-02 and 2002-03, respectively.
https://lao.ca.gov/Publications/Report/5009