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: Bureau for Private Postsecondary Education

Mar 25, 2026 - The largest of these fees is an annual licensing fee, which accounts for more than 90  percent of the revenue in the BPPE Fund. This annual fee is currently set at 0.55  percent of each campus ’s total revenue from California students, with a minimum fee of $2,500 and a maximum fee of $60,000 per campus.
https://lao.ca.gov/Publications/Report/5169

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - The APD process allows the state to request a 90  percent match in federal funding (rather than California ’s standard 50  percent match) to design, develop, and install IT systems that enable the state to more efficiently administer Medicaid benefits.
https://lao.ca.gov/Publications/Report/5157

The 2026-27 Budget: California State University

Feb 24, 2026 - Almost 90  percent of this increase ($176  million) is due to the planned rise in CSU ’s tuition charges. Tuition charges are set at $6,838 for resident undergraduate students in 2026 ‑27, reflecting a $388 increase from 2025 ‑26.
https://lao.ca.gov/Publications/Report/5142

Oversight of certain nonprofit charities and related entities. [Ballot]

Jan 20, 2026 - Additionally, notice —between 30 to 90 days depending on the specific action —is required before entities could change their governance structure, seek a merger or acquisition, sell or transfer more than $50 million in assets, or meaningfully change their presence in California (such as actions that change the number of employees in the state or annual revenues).
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032

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: In-Home Supportive Services

Mar 18, 2026 - The state receives an enhanced federal reimbursement rate for many IHSS recipients who receive services as a result of the Patient Protection and Affordable Care Act expansion (90  percent federal reimbursement rate) and the Community First Choice Option waiver (56  percent federal reimbursement rate).
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: University of California

Feb 26, 2026 - In 2024 ‑25, UCRP ’s funded status (comparing assets to liabilities) was 85  percent and is expected to reach  90  percent in 2025 ‑26. UCRP ’s funded status has tended to be better than other California state retirement plans.
https://lao.ca.gov/Publications/Report/5143