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 - Civil penalties on covered co mpanies may be assessed as a percentage of annual gross revenue, beginning at 5 percent for initial violations and increasing to as much as 100 percent for violations that remain u ncured over specified time periods.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

The 2026-27 Budget: Judicial Branch

Feb 11, 2026 - The judicial branch currently manages around 430 facilities across all 58 counties. Its facility program is responsible for various activities including maintaining these facilities, managing leases, and constructing new courthouses to replace outdated facilities.
https://lao.ca.gov/Publications/Report/5113

The 2026-27 Budget: California State University

Feb 24, 2026 - The total marginal cost (state and student shares combined) of increasing resident undergraduate enrollment by 1  percent in 2026 ‑27 is $58  million. Provide more funding for student financial aid. Specifically, CSU plans to designate $67  million for this purpose.
https://lao.ca.gov/Publications/Report/5142

The 2026-27 Budget: California Department of Corrections and Rehabilitation

Feb 23, 2026 - Governor’s Proposal Redirect 100 On ‑Site Providers to Tele ‑Mental Health. The Governor proposes to redirect 100 on ‑site providers at various prisons to become remote staff. The positions consist of psychiatrists, social workers, and psychologists.
https://lao.ca.gov/Publications/Report/5137

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

Mar 18, 2026 - Despite these calls for reform, the state continues to operate with the same basic structure it established more than 100 years ago. The Governor ’s proposal provides an opportunity to consider structural changes that would address some of these longstanding critiques.
https://lao.ca.gov/Publications/Report/5165

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - At the time of this publication, the mental health Receiver had approved CDCR ’s request to close 100 excess inpatient beds and was deliberating on whether to deactivate additional excess inpatient beds.
https://lao.ca.gov/Publications/Report/5134

The 2026-27 Budget: California Student Aid Commission

Feb 17, 2026 - The state appropriated approximately $100  million annually over this period. In 2024 ‑25 (three years into the revamped program), the program gave awards to more than 350,000 recipients —about a seven ‑fold increase.
https://lao.ca.gov/Publications/Report/5127