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: Proposition 4 Spending Plan [Publication Details]

Feb 10, 2026 - The 2026-27 Budget: Proposition 4 Spending Plan [Publication Details] Description: This publication assesses the Governor’s proposed 2026-27 spending plan for Proposition 4, the $10 billion climate bond approved by voters in November 2024.
https://lao.ca.gov/Publications/Detail/5115

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - The 2026-27 Budget: Proposition 4 Spending Plan Summary Governor ’s Budget Proposes $2.1  Billion in Proposition  4 Bond Funding in 2026 ‑27. The Governor ’s budget proposes appropriating $2.1  billion (about 21  percent of the total authorized by Proposition  4) in 2026 ‑27.
https://lao.ca.gov/Publications/Report/5115

Governor’s Proposed Elimination of Vacant Environmental Positions in Three Departments [Publication Details]

Mar 18, 2026 - Assembly Subcommittee No. 4 on Climate Crisis, Resources, Energy and Transportation
https://lao.ca.gov/Publications/Detail/5160

Framework for Approaching the Natural Resources, Environmental Protection, and Agriculture Budget [Publication Details]

Mar 4, 2026 - Presented to: Assembly Subcommittee No. 4 on Climate Crisis, Resources, Energy and Transportation
https://lao.ca.gov/Publications/Detail/5141

The 2026-27 Budget: Streamlining California’s Affordable Housing Funding System

Mar 6, 2026 - In reality, the amount of such bonds (and thus 4  percent tax credits) needed for HDFC projects will be dependent on several factors —some which cannot be anticipated at this time —and could vary widely.
https://lao.ca.gov/Publications/Report/5154

The 2026-27 Budget: California Education Learning Lab

Mar 25, 2026 - Counter to last year ’s budget agreement, the Governor proposes $4  million ongoing General Fund in 2026-27 to retain Learning Lab. (This is $1.5  million less than Learning Lab received in 2025-26.)
https://lao.ca.gov/Publications/Report/5171