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

California New Car Registrations: January 2026 [EconTax Blog]

Mar 11, 2026 - For example, registrations in January 2026 were 15 percent lower than in January 2020.  
https://lao.ca.gov/LAOEconTax/Article/Detail/853

California New Car Registrations: January 2026 [EconTax Blog]

Mar 11, 2026 - For example, registrations in January 2026 were 15 percent lower than in January 2020.  
https://lao.ca.gov/LAOEconTax/article/Detail/853

The 2026-27 Budget: Bureau for Private Postsecondary Education

Mar 25, 2026 - As Figure  1 shows, expenditures from the BPPE Fund have exceeded revenues annually beginning in 2014-15. This trend is counter to the typical expectation that regulatory agencies ’ fees cover their costs.
https://lao.ca.gov/Publications/Report/5169

The 2026-27 Budget: Computer Science Supplementary Authorization

Mar 6, 2026 - The 2021-22 budget included $15  million one-time Proposition  98 General Fund for Computer Science Supplementary Authorization Incentive Grants. These funds are intended to support teachers who are pursuing computer science supplementary authorizations that allow them to teach computer science classes.
https://lao.ca.gov/Publications/Report/5153

The 2026-27 Budget: California State University

Feb 24, 2026 - (These amounts include debt service on university bonds as well as state bonds issued before 2014 ‑15.) 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.
https://lao.ca.gov/Publications/Report/5142

The 2026-27 Budget: Food Assistance Programs

Feb 18, 2026 - Currently, 50  percent of administrative costs are covered by the federal government, 35  percent by the state, and 15  percent by counties. Payment Error Rate Measures Accuracy of Benefit Calculations.
https://lao.ca.gov/Publications/Report/5126

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