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 - The current discrepancy over the size of the state ’s budget deficit —$18  billion under the Legislative Analyst ’s Office estimate versus $3  billion in the Governor ’s budget —fits squarely within that pattern.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: Judicial Branch

Feb 11, 2026 - This is less than the $106  million the trial courts could have retained under the current 3  percent cap. Background Judicial Branch Has Extensive Facility Needs. The judicial branch currently manages around 430 facilities across all 58 counties.
https://lao.ca.gov/Publications/Report/5113

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: Estimated State Savings From Proposition 47

Feb 23, 2026 - Proposition  47 further requires that monies in the SNSF be allocated as follows: (1)  65  percent to the Board of State and Community Corrections for mental health and substance use treatment, (2)  25  percent to the California Department of Education for school truancy and drop-out prevention, and (3)  10  percent to the California Victim Compensation Board for trauma recovery services.
https://lao.ca.gov/Publications/Report/5108

The 2026-27 Budget: California State University

Feb 24, 2026 - It also would provide CSU with its remaining 3  percent ongoing base increase ($151  million) associated with the 2025 ‑26 compact payment in  2028 ‑29. CSU Anticipates Receiving Additional Tuition Revenue in 2026 ‑27.
https://lao.ca.gov/Publications/Report/5142

Cannabis Tax Revenue Update (2025 Q4) [EconTax Blog]

Feb 26, 2026 - This is $36 million above the January Governor ’s Budget forecast for 2025-26. As shown in the figure below, the resulting 2026-27 revenue allocations are somewhat higher than the administration ’s January projections.
https://lao.ca.gov/LAOEconTax/Article/Detail/851

Cannabis Tax Revenue Update (2025 Q4) [EconTax Blog]

Feb 26, 2026 - This is $36 million above the January Governor ’s Budget forecast for 2025-26. As shown in the figure below, the resulting 2026-27 revenue allocations are somewhat higher than the administration ’s January projections.
https://lao.ca.gov/LAOEconTax/article/Detail/851

2026-27 Changes in Proposition 98 Spending [EdBudget]

Jan 23, 2026 - 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, Equity Multiplier, K-12 Mandates Block Grant, Charter School Facility Grant Program, Foster Youth Services Coordinating Program, Adults in Correctional Facilities,
https://lao.ca.gov/Education/EdBudget/Details/1067