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: Bureau for Private Postsecondary Education

Mar 25, 2026 - Proposal Governor Proposes to Provide General Fund Appropriation for BPPE in 2025-26. The Governor ’s budget provides a $10  million one-time General Fund appropriation for BPPE in 2025-26 (to be implemented through the next round of amendments to the 2025-26 Budget Act ).
https://lao.ca.gov/Publications/Report/5169

Changes in University of California General Fund Spending [EdBudget]

Feb 13, 2026 - b The 2025-26 Budget Act included intent language to provide UC with this augmentation.  c Reflects nonresident replacement funding of $30 million for 2026-27 as well as deferred ongoing nonresident replacement funding of $31 million from 2025–26 to 2026–27 included in the 2025-26 Budget Act. 
https://lao.ca.gov/Education/EdBudget/Details/1044

Enrollment by Higher Education Segment [EdBudget]

Feb 5, 2026 - For CSU and UC, 2024-25 and 2025-26 numbers come from the segments and reflect actual and revised enrollment levels across the two years, respectively. The 2026-27 undergraduate number reflects the resident undergraduate enrollment growth expectation proposed under the Governor's budget (also reflected in the 2025-26 Budget Act).
https://lao.ca.gov/Education/EdBudget/Details/1035

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - Trailer bill language adopted in Chapter  106 of 2025 (A B  149 , Committee on Budget) also allowed state agencies and departments to use the emergency rulemaking process under the Administrative Procedure Act to develop and adopt their bond program guidelines and selection criteria.
https://lao.ca.gov/Publications/Report/5115

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - As a budget solution, the 2025 ‑26 Budget Act added three criteria that providers must satisfy to be eligible to earn a quality payment equal to 10   percent of the rate model beginning in July  2026 (in addition, providers would still need to meet quality benchmarks to earn the additional payment, as described next).
https://lao.ca.gov/Publications/Report/5157

Changes in University of California General Fund Spending [EdBudget]

Jan 16, 2026 - The 2025-26 budget package approves two additional student housing projects (at the UC Davis and UC Santa Barbara campuses). The 2025-26 budget also recognizes $1 million in savings from debt service costs on the approved projects being lower than initially budgeted.
https://lao.ca.gov/Education/EdBudget/Details/994