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 State University Capital Outlay Projects [EdBudget]

Mar 26, 2026 - Annual debt service costs, which CSU will pay using its General Fund support, is estimated to be $50 million. b The campus is anticipated to contribute $12 million for this project. This includes $10 million in donor support and $2 million in campus reserves. c The campus is anticipated to contribute $9.6 million in campus reserves for this project.
https://lao.ca.gov/Education/EdBudget/Details/1082

The 2026-27 Budget: K-12 Proposals [Publication Details]

Feb 19, 2026 - The 2026-27 Budget: K-12 Proposals [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5131

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - The 2026-27 Budget: K-12 Proposals 2,001 or more 400,000 Schools Must Opt Into Funding. To receive funding in 2026 ‑27, LEAs with eligible schools are required to notify CDE by November 1, 2026 that they intend to receive funding.
https://lao.ca.gov/Publications/Report/5131

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 - The state provides a statutorily required annual COLA —the same rate provided to K ‑12 education programs —to child care providers funded on the SRR (mainly General Child Care and State Preschool providers).
https://lao.ca.gov/Publications/Report/5168

2026-27 Changes in Proposition 98 Spending [EdBudget]

Jan 23, 2026 - 2026-27 Changes in Proposition 98 Spending [EdBudget] $125,480 a Applies to Child Nutrition, Special Education, and K-12 Mandates Block Grant.  b Reflects additional LCFF costs associated with serving more students in transitional kindergarten, including costs of lower transitional kindergarten staffing ratios. c Applies to Special Education, State Preschool, Child Nutrition,
https://lao.ca.gov/Education/EdBudget/Details/1067

The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan [Publication Details]

Feb 4, 2026 - The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5110