How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Smaller, short-lived corrections occur frequently, among them the 1997 Asian financial crisis, the 2011 U.S. debt celing standoff, the 2015 Chinese growth slowdown, the early pandemic drop in 2020, and the 2025 tariff selloff.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Smaller, short-lived corrections occur frequently, among them the 1997 Asian financial crisis, the 2011 U.S. debt celing standoff, the 2015 Chinese growth slowdown, the early pandemic drop in 2020, and the 2025 tariff selloff.
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: University of California

Feb 26, 2026 - Between 2015 ‑16 and 2024 ‑25, UC ’s FTE workforce increased by an annual average of 2.4  percent, while its FTE enrollment rose by 1.9  percent. As a result, the student ‑to ‑employee ratio declined slightly over the period (from 2.2 to 2.1).
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - Total caseload (of Early Start and Lanterman caseload, excluding presumptive eligibility) has increased from about 280,000  individuals served in 2015 to about 460,000 individuals served in 2025. This represents about a 60  percent increase.
https://lao.ca.gov/Publications/Report/5157

The 2026-27 Budget: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - In 2015, the Legislature directed the Office of Emergency Services (OES) to develop a plan for transitioning to Next Generation 911. Initially, OES adopted a regional approach for the project consisting of four regional networks and a single statewide back ‑up provider, intended to enhance resiliency of the system.
https://lao.ca.gov/Publications/Report/5145

The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - Beginning in 2015-16, however, SSI/SSP caseload began to decline slowly at an average rate of 1.7  percent each year. As shown in Figure  3, the Governor ’s budget projects that caseload will decrease by 0.9  percent in both 2025-26 and 2026-27.
https://lao.ca.gov/Publications/Report/5148

The 2026-27 Budget: County Administration and H.R. 1 Implementation

Mar 5, 2026 - This new methodology was to be implemented no sooner than 2015 ‑16. Although efforts began to develop a revised methodology, none has been implemented to date. This is largely due to other competing policy priorities —for example ACA implementation and COVID ‑19 response efforts.
https://lao.ca.gov/Publications/Report/5149

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - Census American Community Survey, from 2015 to 2024, the number of individuals in the state aged 65 and over has incr eased by 29  percent, while the overall population has increased by a little over 2  percent.
https://lao.ca.gov/Publications/Report/5166