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

The 2026-27 Budget: Permitting Support at the State Water Resources Control Board

Mar 2, 2026 - Supreme Court decision — Sackett v. U.S. Environmental Protection Agency ( Sackett ) —narrowed the definition of WOTUS. The ruling limits federal jurisdiction to relatively permanent bodies of water and to wetlands that have a continuous surface connection to WOTUS.
https://lao.ca.gov/Publications/Report/5144

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

Feb 23, 2026 - As mentioned in the “Establishment of the Second California Prison Receivership ” section of this brief, CDCR is under federal court order in the Coleman  v.  Newsom case to reduce mental health vacancies.
https://lao.ca.gov/Publications/Report/5137

The 2026-27 Budget: Department of Justice

Feb 11, 2026 - Supreme Court issued a decision in the New York State Rifle & Pistol Association v. Bruen case that found laws requiring people provide “good cause ” to carry a concealed weapon to be unconstitutional.
https://lao.ca.gov/Publications/Report/5118

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

Feb 10, 2026 - That decision ( Sackett v. U.S. Environmental Protection Agency ) narrowed federal Clean Water Act protections, thereby indirectly shifting regulatory responsibilities for certain bodies of water to the state under state law.
https://lao.ca.gov/Publications/Report/5116

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

Rideshare companies. [Ballot]

Dec 17, 2025 - Drivers for rideshare companies work as independent contractors rather than employees, generally using their own v ehicles and choosing when and where to work. Most drivers for rideshare companies drive part-time and many only work for less than a year.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-028

Assessment of the Strong Workforce Program

Dec 10, 2025 - In  addition to state funding, CCC receives federal funding for CTE through the Strengthening Career and Technical Education for the 21st Century Act (Perkins V). In 2025 ‑26, CCC is receiving $74  million in Perkins V funds.
https://lao.ca.gov/Publications/Report/5098