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: Permitting Support at the State Water Resources Control Board [Publication Details]

Mar 2, 2026 - In this post, we assess the Governor’s proposal for new positions and associated funding at the State Water Resources Control Board to manage increased workload stemming from a recent U.S. Supreme Court decision.
https://lao.ca.gov/Publications/Detail/5144

The 2026-27 Budget: Permitting Support at the State Water Resources Control Board

Mar 2, 2026 - Water quality is governed by the federal Clean Water Act (CWA) and state Porter-Cologne Water Quality Control Act. Under CWA, the U.S. Environmental Protection Agency (EPA) establishes national standards and delegates authority to SWRCB and its nine regional water boards (collectively referred to as the water boards) to administer federal permitting programs.
https://lao.ca.gov/Publications/Report/5144

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - In 2019, DOF found that 1991  Realignment could no longer support the county costs of IHSS. As a result, in 2019 ‑20, the 2017 MOE was eliminated and replaced with the current IHSS MOE structure —referred to as the 2019 IHSS MOE.
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: Department of Justice

Feb 11, 2026 - Both budget packages included some budget requests to fund similar types of workload but this workload was supported with different fund sources in each budget act. For example, FITSM was funded by the DROS Special Account in 2023-24 and the General Fund in 2024-25.
https://lao.ca.gov/Publications/Report/5118

The Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight

Mar 18, 2026 - Water users missed the 2019 deadline to submit a VA proposal to SWRCB. In March  2022, they came forward with an initial Memorandum of Understanding detailing terms to advance a VA for the Sacramento/Delta.
https://lao.ca.gov/Publications/Report/5163

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - The National Center for Health Statistics found that the prevalence of any diagnosed developmental disability in children aged 3 ‑17 years in the United States increased by about a full percentage point (from 7.40  percent to 8.56  percent) between 2019 and 2021 —a significant change in a short period of time.
https://lao.ca.gov/Publications/Report/5157