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 - Such executives may be subject to penalties of up to $10 million per violation. In addition, certain willful misconduct —such as unauthorized expansion of AI capabilities or obstruction of investigations —would be punishable as a felony, with potential imprisonment of up to five years and fines of up to $10 million, or an amount equal to twice the financial gains resulting from the misconduct.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - The Governor ’s 2026 ‑27 budget assumes the caseload will continue growing at this faster rate, estimating a growth rate of 10  percent in 2025 ‑26 and 8  percent in 2026 ‑27. State Demographic Shifts Have Also Contributed to Increased Caseloads.
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: California State University

Feb 24, 2026 - Growth in health care costs has been particularly notable the past three years (with the highest growth in 2023‑24 at 10 percent). Pension Contribution Rates Have Remained Relatively Flat in Recent Years.
https://lao.ca.gov/Publications/Report/5142

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - Figure 5 Certain Categorical Programs Have Received a COLA in Recent Years 2019 ‑20
https://lao.ca.gov/Publications/Report/5150

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - The last of these funds are expected to be fully expended in  2025 ‑26. Federal Government Attempted to Freeze Funding Used for Child Care. On January 6, 2026, the federal administration announced that it would freeze $10  billion in grant funding going to five states due to concerns about improper use of federal funds.
https://lao.ca.gov/Publications/Report/5168

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

The 2026-27 Budget: Department of Justice

Feb 11, 2026 - As shown in Figure  2, support for BOF has increased over the past decade from $26.6  million in 2016-17 to $70.4  million in 2025-26 —an increase of $43.8  million (or 165  percent). During this period, BOF also shifted from being fully supported by various special funds and began receiving General Fund support in 2019-20.
https://lao.ca.gov/Publications/Report/5118