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

UC Federal Grants and Contracts for Medical Care, R&D, and Other Purposes [EdBudget]

Feb 21, 2026 - The amounts in this row reflect federal allowances (or reimbursements) for indirect expenditures on research facilities and administration, formally known as Facilities & Administrative (F&A) costs. g Reflects expenditures to operate and manage DOE national laboratories. h Includes grants and contracts for various other purposes, including instruction and training.
https://lao.ca.gov/Education/EdBudget/Details/1047

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - For example, the Legislature could require a status update by January 2028 and adoption of the process by January 2029, wit h the goal of beginning accreditation activities in 2029 ‑30. Receiving a status update would give the Legislature an opportunity to determine whether the proposed guidelines provide sufficient accountability for schools and whether existing funding is sufficient to support accreditation costs.
https://lao.ca.gov/Publications/Report/5131

The 2026-27 Budget: Department of Justice

Feb 11, 2026 - This looming insolvency of the DROS Special Account h as led to DOJ increasingly requesting General Fund resources to support firearm-related workload that can statutorily be supported by the special funds.
https://lao.ca.gov/Publications/Report/5118

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