The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - Governor’s Budget Proposes $7.5   Billion for Child Care Programs in 2026 ‑27. The Governor ’s budget includes $7.5  billion for child care programs in 2026 ‑ 27 —an increase of $150  million relative to the revised 2025 ‑26 levels ( Figure  4 ).
https://lao.ca.gov/Publications/Report/5168

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: California Student Aid Commission

Feb 17, 2026 - Specifically, from 2021 ‑22 (the year before MCS was revamped) to 2024 ‑25, resident undergraduate enrollment increased by 7.5  percent and 2.1  percent at UC and CSU, respectively. Average MCS Award Amount Increased by About Half Between Original and Revamped Program.
https://lao.ca.gov/Publications/Report/5127

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

The 2025-26 California Spending Plan: Proposition 98 and K-12 Education

Nov 10, 2025 - Of the total funds, $7.5  million is for the Statewide Literacy Network, and $7.5  million is for the Statewide Mathematics Network. Up to $450,000 may be used to cover costs of administering these networks.
https://lao.ca.gov/Publications/Report/5087

The 2025-26 Budget: Scholarshare Investment Board

Apr 30, 2025 - Specifically, SIB is in the midst of spending the remaining $7.5  million in one-time state funds on a two-year marketing campaign in partnership with an external marketing firm. SIB has onboarded the firm, and primary marketing activities are set to begin in spring 2025.
https://lao.ca.gov/Publications/Report/5035

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