The 2026-27 Budget: California Education Learning Lab

Mar 25, 2026 - These more fundamental accountability and fiscal pr ovisions likely translate into the segments ’ efforts having a more pervasive impact than Learning Lab. Faculty Can Access Similar Funding Through Federal Grants.
https://lao.ca.gov/Publications/Report/5171

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: K-12 Proposals

Feb 19, 2026 - After implementation of the accreditation pr ocess, some CCSPP requirements —such as expenditure reports and sustainability plans —may become duplicative or unnecessary. Phase in Eligibility Over Time.
https://lao.ca.gov/Publications/Report/5131

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: Governor’s Office of Business and Economic Development

Mar 18, 2025 - In future grant rounds, CalOSBA can direct investments toward effective pr ograms. CHIPS Background Federal Law Supports Semiconductors. In 2022, the federal government enacted the CHIPS and Science Act.
https://lao.ca.gov/Publications/Report/5018

The 2025-26 Budget: Food Assistance Programs

Feb 19, 2025 - The federal government helps manage an Electronic Benefits Transfer (EBT) system which deposits monthly benefits for CalFresh and other human services pr ograms onto cards to be used at grocery and convenience store checkout counters.
https://lao.ca.gov/Publications/Report/4971