California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Whereas California’s labor market has stagnated over the last two years, the S&P 500 stock index has appreciated roughly 50 percent over the same period. And most of this increase has come from skyrocketing share prices among a handful of firms associated with innovations in Artificial Intelligence (AI).
https://lao.ca.gov/Publications/Report/5104

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

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - These plans would describe how companies intend to fulfill their stated p ublic benefit or humanitarian commitments, ensure safety and human oversight of AI systems, and address governance and concentration-of-power concerns.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

California State University Capital Outlay Projects [EdBudget]

Mar 26, 2026 - P = preliminary plans. W = working drawings. C = construction. E = equipment. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Education/EdBudget/Details/1082

California Community Colleges Capital Outlay Projects [EdBudget]

Mar 10, 2026 - P = preliminary plans. W = working drawings. PC = performance criteria. STEM = science, technology, engineering, and math. DB = design-build. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Education/EdBudget/Details/1025

Temporary tax increases. [Ballot]

Jan 27, 2026 - People who want to raise taxes using an initiative first have voters sign a p etition for the initiative. If enough voters sign the petition, the initiative is put up for a vote as a ballot proposition.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-037

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - The ongoing costs are for the p rinting of disclosures. (Since Chapter  712 ’s requirements only applied to Los Angeles County, the Commission determined that other counties were not eligible to submit claims for state reimbursement.)
https://lao.ca.gov/Publications/Report/5130

The 2026-27 Budget: California Highway Patrol Proposals

Mar 6, 2026 - Besides the policy rationale for following the historical CH P funding approach, the General Fund is projected to face significant out-year revenue shortfalls. For these reasons, we find the MVA to be a more appropriate fund source for these proposals in 2026-27.
https://lao.ca.gov/Publications/Report/5152

Oversight of certain frontier artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - In addition, certain p rivate individuals and organizations may bring civil actions to enforce compliance by regulated entities that have violated the measure ’s requirements. Creates California AI Safety Fund.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034