How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Past Stock Market Downturns   The figure below shows past stock market downturns that have affected state revenues. The figures includes corrections (stock market decline of more than 10 percent) and bear markets (decline of more than 20 percent) that lasted more than a few months.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Past Stock Market Downturns   The figure below shows past stock market downturns that have affected state revenues. The figures includes corrections (stock market decline of more than 10 percent) and bear markets (decline of more than 20 percent) that lasted more than a few months.
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: California Competes Extension

Mar 18, 2026 - Figure  3 shows how credits have been allocated across sectors over the last five years. Of the $1.2  billion in awards made between 2021 and 2025, around $650  million, or over half, has been allocated to businesses in advanced manufacturing.
https://lao.ca.gov/Publications/Report/5162

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

California New Car Registrations: January 2026 [EconTax Blog]

Mar 11, 2026 - Figure 1 below shows the statewide number of new car registrations from January 2018 through January 2026. This is a good proxy for the number of cars purchased by California residents. Slump in Registrations Continued Through January.
https://lao.ca.gov/LAOEconTax/Article/Detail/853

California New Car Registrations: January 2026 [EconTax Blog]

Mar 11, 2026 - Figure 1 below shows the statewide number of new car registrations from January 2018 through January 2026. This is a good proxy for the number of cars purchased by California residents. Slump in Registrations Continued Through January.
https://lao.ca.gov/LAOEconTax/article/Detail/853

The 2026-27 Budget: University of California

Feb 26, 2026 - As Figure   8 shows, salaries and benefits accounted for about three ‑fourths of UC spending in 2024 ‑25. Over the past decade, the share of spending devoted to compensation has increased, rising from 65   percent in 2015 ‑16.
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - As Figure  3 shows, the Governor also proposes to continue funding for all 29 capital outlay projects initiated in 2025-26. The Governor ’s budget includes $709  million Proposition  2 bond funds for the construction phase of these projects.
https://lao.ca.gov/Publications/Report/5159