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

The 2026-27 Budget: Judicial Branch

Feb 11, 2026 - . $5.1  million reappropriation of funds for the performance criteria phase of the New Solano Hall of Justice project, which had been delayed due to an extended site selection  process. $2.3  million for the performance criteria phase of the New Quincy Courthouse project in Plumas County. $1.5  million for the performance criteria phase of the New Nevada City Courthouse project in Nevada County.
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: Department of Developmental Services

Mar 13, 2026 - In addition to $5.1  million General Fund allocated for IT project planning in 2025 ‑26, DDS also received enhanced funding from the federal government through the Advanced Planning Document (APD) process.
https://lao.ca.gov/Publications/Report/5157

The 2026-27 Budget: Framework for Approaching the Natural Resources, Environmental Protection, and Agriculture Budget

Feb 10, 2026 - The budget proposes $5.1  million ongoing from various special funds to support DTSC, the California Department of Resources Recycling and Recovery, CalEPA, and SWRCB in addressing subsurface elevated temperature (SET) events at landfills.
https://lao.ca.gov/Publications/Report/5116