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

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: In-Home Supportive Services

Mar 18, 2026 - In January 2017, CCI was ended, effectively eliminating the 2012 MOE. In response to this elimination, a new county IHSS MOE was  established in July 2017 —referred  to as the 2017 IHSS MOE. Under the new 2017 IHSS MOE, the counties ’ share of IHSS costs were reset to roughly reflect the counties ’ share of estimated
https://lao.ca.gov/Publications/Report/5166

The 2026-2027 Budget: California Cannabis Control Appeals Panel Permanent Funding Request

Feb 11, 2026 - The panel was expanded to five persons by Chapter  27 of 2017 (SB  94, Committee on Budget and Fiscal Review). Three of the panel members are appointed by the Governor and two are Legislative appointees.
https://lao.ca.gov/Publications/Report/5119

The 2026-27 Budget: Child Welfare

Mar 3, 2026 - Since 2017, the state has been implementing interim LOC rates for resource families, Short-Term Residential Therapeutic Programs (STRTPs), Foster Family Agencies, Intensive Services Foster Care, and other specialized models of foster care.
https://lao.ca.gov/publications/report/5147

The 2026-27 Budget: California Highway Patrol Proposals

Mar 6, 2026 - For example, previous budgets provided funding to CHP for similar purposes in 2017-18, 2022-23, and 2023-24. CHPERS Project Is Already Underway, Meets Public Safety and Radio Communications Needs. The Legislature approved the CHPERS project in 2006-07 to enhance the interoperability of CHP ’s radio communications system among public safety agencies.
https://lao.ca.gov/Publications/Report/5152

The 2026-27 Budget: Judicial Branch

Feb 11, 2026 - This commitment effectively backfilled the $1.4  billion transferred from the SCFCF to the General Fund to help address the state ’s budget condition between 2009 ‑10 and 2017 ‑18. The 2021 ‑22 budget formally shifted support for the construction of any future courthouses to the General Fund.
https://lao.ca.gov/Publications/Report/5113

The 2026-27 Budget: Cap-and-Invest Expenditure Plan

Feb 10, 2026 - GGRF = Greenhouse Gas Reduction Fund; DOF = Department of Finance; CalFire = California Department of Forestry and Fire Protection; SB  840  =  Chapter  121 of 2025 (SB 840, Lim ón); AB 617 = Chapter 136 of 2017 (AB 617, C.
https://lao.ca.gov/Publications/Report/5114