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 - File N o. 25-0033). Background AI and AI Companies. AI refers broadly to technologies that enable computer systems to perform tasks that typically require human intelligence, such as generating content, identifying patterns, or mak ing predictions from data.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

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: 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various activities including maintaining these facilities, managing leases, and constructing new courthouses to replace outdated facilities.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 Department of Corrections and Rehabilitation

Feb 23, 2026 - For example, the California Department of Health Care Access and Information in 2022 estimated that there would be a shortage of psychiatrists and behavioral health providers in all 58 California counties by 2025, with 27 prisons located in counties experiencing high or severe shortages.
https://lao.ca.gov/Publications/Report/5137

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - The associated ongoing cost is built into apportionments in 2026 ‑27. c Related and supplemental instruction costs for apprenticeship programs in 2024 ‑25 and 2025 ‑26 are higher than budgeted. COLA = cost ‑of ‑living adjustment.
https://lao.ca.gov/Publications/Report/5150

The 2026-27 Budget: California Student Aid Commission

Feb 17, 2026 - Across all MCS recipients, the average MCS award in 2024‑25 was $3,673—50 percent higher than in 2021‑22. In 2024‑25, the average MCS award for CSU students was 70 percent higher than it had been under the original program.
https://lao.ca.gov/Publications/Report/5127

The 2026-27 Budget: University of California

Feb 26, 2026 - For the last ten years, the UC employer contribution rate has increased gradually, from 14.6  percent of payroll in 2015 ‑16 to 16.71  percent in 2024 ‑25. As Figure  9 shows, annual program costs have steadily grown over this period, reaching more than $665  million in 2024 ‑25 (growing at an average annual rate of 5.2  percent over this period).
https://lao.ca.gov/Publications/Report/5143