The 2026-27 Budget: Re-Envisioning State Education Governance

Mar 18, 2026 - Students First: Renewing Hope for California ’s Future 2008 The Little Hoover Commission An independent oversight agency established to review state operations and recommend improvements. Educational Governance and Accountability: Taking the Next Step 2025 Policy Analysis for California Education A nonpartisan research center led by faculty at Stanford University, University of California, and University of Southern California, focusing on school performance and equity issues.
https://lao.ca.gov/Publications/Report/5165

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: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - Congress has urged the adoption of IP ‑based technologies in 911 systems since at least 2008. In more recent years, the National 911 Program (within the U.S. Department of Transportation) began working with stakeholders towards a nationwide, interoperable “system of Next Generation 911 systems ” with the goal of connecting 911 systems across state lines.
https://lao.ca.gov/Publications/Report/5145

The 2026-27 Budget: University of California

Feb 26, 2026 - As Figure  6 shows, UC core fund balances as a share of its annual core fund expenditures have been as low as 1.8  percent in 2008 ‑09 and as high as 23  percent in 2012 ‑13. UC reserves dropped notably at the onset of the Great Recession.
https://lao.ca.gov/Publications/Report/5143

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

Eligibility for elective office. [Ballot]

Oct 7, 2025 - Through two statewide constitutional initiatives (Proposition  11 of 2008 and Proposition  20 of 2010), voters in California established an independent commission to draw state district maps. The State Constitution sets limitations on Commission members ’ eligibility to run for elective office in the future.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-015

MOU Fiscal Analysis: Bargaining Units 10 (Professional Scientists) and 18 (Psychiatric Technician)

Sep 9, 2025 - Furloughs have been used in ten fiscal years since 1992 (1992-93, 1993-94, 2003-04, 2008-09 through 2012-13, 2020-21, and 2025-26). Typically, a furlough for state employees reduces state employee pay by 4.62  percent in exchange for one day (eight hours) off per month without affecting other elements of compensation (for example, pension and health benefits).
https://lao.ca.gov/Publications/Report/5073