How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The three minor downturns  (1981, 1987, and 1990) led to income tax declines of less less than 10 percent (average of 5 percent), with revenues recovering quickly. The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent).
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The three minor downturns  (1981, 1987, and 1990) led to income tax declines of less less than 10 percent (average of 5 percent), with revenues recovering quickly. The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent).
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: California State University

Feb 24, 2026 - CSU ’s overall core budget also generally increased over this period, such that debt service as a share of total core funding hovered around 4  percent. Proposals Governor Proposes Base Increases for CSU.
https://lao.ca.gov/Publications/Report/5142

The 2026-27 Budget: Judicial Branch

Feb 11, 2026 - Of this estimated cost, the state would be responsible for around $4  billion (74  percent). (The remaining amount would generally be the responsibility of counties that share space in court  facilities.)
https://lao.ca.gov/Publications/Report/5113

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 - This amount was approved via three different 2025 budget actions: (1) $181  million provided through Chapter  2 of 2025 (A B  100 , Gabriel) (these funds were available for departments to spend during the final few months of 2024 ‑25), (2) $2.9  million through Chapter  5 of 2025 (A B  102 , Gabriel), and (3) $3.3  billion through Chapter  104 of 2025 (S B  105 , Wiener).
https://lao.ca.gov/Publications/Report/5115

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

Mar 18, 2026 - Their research typically involved (1)  interviewing state and local officials, (2)  reviewing the state ’s experience with its governance model, (3)  examining theories of governance, (4)  studying governance in other states, (5)  analyzing the political and fiscal incentives of the main governance entities, and (6)  gathering public  feedback.
https://lao.ca.gov/Publications/Report/5165

The 2026-27 Budget: University of California

Feb 26, 2026 - The revised policy allows for tuition increases of up to 1 percentage point above inflation as long as the rate remains below the 5 percent cap. Beginning in 2027‑28, if the approved rate increase is less than the 5 percent cap, UC also may carry forward the unused portion and apply it in a future year (as long as the 5 percent cap is not exceeded each year).
https://lao.ca.gov/Publications/Report/5143