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

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - Governor’s Proposal Proposes $200   Million and Budget Trailer Legislation to Create New ZEV Incentive Program. The Governor proposes $200  million on a one ‑time basis ($115  million from GGRF and $85  million from APCF), along with associated budget trailer legislation to create a new incentive program for light ‑duty ZEVs.
https://lao.ca.gov/Publications/Report/5140

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

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive [Publication Details]

Feb 24, 2026 - In this piece, we review the Governor's proposal to provide $200 million to create a new point-of-sale incentive program for light-duty zero-emission vehicles.
https://lao.ca.gov/Publications/Detail/5140

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - Operating excess inpatient beds at this scale costs the state over $200 million each year and requires that the state maintain many mental health positions more than the projections show are necessary.
https://lao.ca.gov/Publications/Report/5134

The 2026-27 Budget: Food Assistance Programs

Feb 18, 2026 - To be eligible, households generally must earn less than 200  percent of the federal poverty level. CalFresh benefits can be used to buy most groceries and some prepared food at participating vendors, which include most grocery and convenience stores.
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

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - Figure 1 CCC Uses Certain Scoring Metrics to Rank Project Proposals Metric Provides points based on the age of the facility, with older facilities receiving more points. 60 Local contribution Provides points based on the share of project costs covered by local funds, with larger local contributions receiving more points. 50 Provides points based on facility condition, with facilities in worse
https://lao.ca.gov/Publications/Report/5159

The 2026-27 Budget: Cap-and-Invest Expenditure Plan

Feb 10, 2026 - (The Governor also proposes providing $85 million from the Air Pollution Control Fund—similarly freed up from undoing the previously‑approved MVA fund transfer—to support this new ZEV program, for a total of $200 million.)
https://lao.ca.gov/Publications/Report/5114