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 - Governor’s Budget Proposes $7.5   Billion for Child Care Programs in 2026 ‑27. The Governor ’s budget includes $7.5  billion for child care programs in 2026 ‑ 27 —an increase of $150  million relative to the revised 2025 ‑26 levels ( Figure  4 ).
https://lao.ca.gov/Publications/Report/5168

The 2026-27 Budget: California Student Aid Commission

Feb 17, 2026 - Specifically, from 2021 ‑22 (the year before MCS was revamped) to 2024 ‑25, resident undergraduate enrollment increased by 7.5  percent and 2.1  percent at UC and CSU, respectively. Average MCS Award Amount Increased by About Half Between Original and Revamped Program.
https://lao.ca.gov/Publications/Report/5127