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: Child Care and State Preschool

Mar 19, 2026 - To date, the state has funded 129,800 additional slots—a 113.8 percent increase in non‑CalWORKs slots compared to 2020‑21 levels. CalWORKs caseload has also grown by over 31,000 (23.9 percent) over this period.
https://lao.ca.gov/Publications/Report/5168

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - As shown in Figure  1 , the Governor proposes appropriating $2.1  billion (about 21  percent of the total authorized by Proposition  4) in 2026 ‑27, including $792  million for water ‑related programs and $326  million for clean energy programs.
https://lao.ca.gov/Publications/Report/5115

The 2026-27 Budget: California State University

Feb 24, 2026 - Specifically, employee health premiums are expected to increase by $21  million in 2026 ‑27. Cover the cost associated with enrollment growth, particularly for the hiring of additional faculty and support staff.
https://lao.ca.gov/Publications/Report/5142

The 2026-2027 Budget: California Cannabis Control Appeals Panel Permanent Funding Request

Feb 11, 2026 - Funding for CCAP was reauthorized twice (in 2020-21 and 2023-24), each time on a three-year, limited-term basis. The revised 2025-26 budget for CCAP includes $3.4  million CCF and 13 positions. Provisional Licensees Did Not Have Appeal Rights, Which Contributed to Dearth of Cases Between 2017-18 and 2025-26.
https://lao.ca.gov/Publications/Report/5119

The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - As shown in Figure  5, from 2013-14 through 2020-21, the maximum combined SSI/SSP monthly grant amount for individuals (the bulk of the SSI/SSP caseload) and couples had increased on average by 1.2  percent annually —predominantly due to the provision of federal SSI COLAs.
https://lao.ca.gov/Publications/Report/5148

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - Despite slower caseload growth between 2016 ‑17 and 2020 ‑21 (the caseload continued to grow during this period, just at a slower than usual rate). As seen in Figure  4, the IHSS caseload growth rate has since grown at historic rates —reaching a growth rate of 10.3  percent in 2024 ‑25.
https://lao.ca.gov/Publications/Report/5166