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: 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various activities including maintaining these facilities, managing leases, and constructing new courthouses to replace outdated facilities.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: Streamlining California’s Affordable Housing Funding System

Mar 6, 2026 - The amount of private activity bonds CDLAC has designated for affordable rental housing in recent years has varied somewhat —from a high of 93   percent to a low of 86   percent. We find that designating the vast majority of private activity bonds for this purpose, as CDLAC has done, is consistent with good public policy given (1)  the state ’s priority to support more affordable housing and that (2)  doing so unlocks federal funding via the 4   percent tax credits.
https://lao.ca.gov/Publications/Report/5154

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - These include (1)  a proposal to eliminate the IHSS Permanent Back ‑Up Provider Program (estimated to save $3.5  million in 2026 ‑27 and on ‑going), (2)  a proposal to align IHSS eligibility time lines with Medi ‑Cal (estimated to save $86  million in 2026 ‑27 and on ‑going), and (3)  a proposal to remove the state ’s share of cost associated with any growth in IHSS hours per
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: Proposed Elimination of State Environmental Positions

Feb 17, 2026 - Figure 2 JLBC Did Not Concur With Elimination of 349 Environmental Positions Department Residual Positions Subject to Legislative Review Position Eliminations With Which JLBC Did Not Concur Departmental Review State Water Resources Control Board 86 SF Bay Conservation and Development Commission — Note:  Numbers  may  not  add  due to rounding.
https://lao.ca.gov/Publications/Report/5124

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - In  the budget window, for example, the administration proposes: (1)  reverting $71  million in unused EDDNext project funding early, and (2)  modifying In ‑Home Supportive Services (IHSS) eligibility to align with Medi ‑Cal, which provides $86  million in savings).
https://lao.ca.gov/Publications/Report/5101