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: Re-Envisioning State Education Governance

Mar 18, 2026 - Previous Studies of California Governance First Major Governance Study Published in 1920. The state ’s first systematic study of governance was the Report of the Special Legislative Committee on Education , published in 1920.
https://lao.ca.gov/Publications/Report/5165

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - One study used detailed administrative data on applicants and awards to show that tax credit-supported project s are associated with positive employment effects in surrounding areas, consistent with net job creation rather than displacing other existing economic activity.
https://lao.ca.gov/Publications/Report/5162

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - To ensure excess capacity does not accumulate in future years, we recommend directing CDCR to regularly seek adjustments to the inpatient mental health bed capacity based on the bed need study carried out biannually.
https://lao.ca.gov/Publications/Report/5134

Implementing California’s Child Welfare Prevention Services Program

Jan 28, 2026 - Promising At least one study must achieve a rating of moderate or high on study design and execution. At least one study must demonstrate a favorable effect on a target outcome. Does not meet criteria Programs that do not meet any of the other rating thresholds upon review of all studies are rated as not currently meeting criteria.
https://lao.ca.gov/Publications/Report/5106

Assessing a Shift to Enrollment-Based School Funding

Jan 6, 2026 - Independent Study. Currently, LEAs generate ADA from independent study programs when students participate in synchronous instruction and complete coursework. If  LEAs were funded based on enrollment, they would receive funding regardless of how much independent study students participate in instruction and complete work.
https://lao.ca.gov/Publications/Report/5100

The 2026-27 Budget: California Education Learning Lab

Mar 25, 2026 - Similarly, UC Berkeley is receiving federal grant funding to work with community colleges to better serve transfer students in computer science and other related fields of study. Recommendation Recommend Rejecting Governor ’s Proposal.
https://lao.ca.gov/Publications/Report/5171