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

California Community Colleges Capital Outlay Projects [EdBudget]

Mar 10, 2026 - California Community Colleges Capital Outlay Projects [EdBudget]     a Community college districts issue local general obligation bonds to pay for a share of project costs. b Proposition 51 (2016) bond funds. c The performance criteria phase is the initial phase of this design-build project. d Replacement buildings listed in this category involve adding space. e Center operated by Riverside
https://lao.ca.gov/Education/EdBudget/Details/1025

UC Federal Grants and Contracts for Medical Care, R&D, and Other Purposes [EdBudget]

Feb 21, 2026 - The amounts in this row reflect federal allowances (or reimbursements) for indirect expenditures on research facilities and administration, formally known as Facilities & Administrative (F&A) costs. g Reflects expenditures to operate and manage DOE national laboratories. h Includes grants and contracts for various other purposes, including instruction and training.
https://lao.ca.gov/Education/EdBudget/Details/1047

K-12 Proposition 98 Funding by Program [EdBudget]

Jan 19, 2026 - Includes $50 million each year for Quality Rating and Improvement System. c Includes $150 million in one-time funds provided in the June 2025 budget. d June 2025 budget also provided $2 million in unspent prior-year funds to support the California School for the Deaf in Fremont. e Less than $500,000. f June 2024 budget also provided $4.3 million in unspent prior-year funds to support agency
https://lao.ca.gov/Education/EdBudget/Details/1069

Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - Property taxes are a major revenue source for local governments, raisin g about $100  billion annually statewide. How Is a Property Tax Bill Calculated? Each annual property tax bill is equal to the taxable value of the property multiplied by the property tax rate.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035

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: Proposed Elimination of State Environmental Positions

Feb 17, 2026 - At the State Water Resources Control Board, positions include staff who help regulate waste discharge into waters of the state, including drinkin g water sources. Eliminating these positions consequently would come with serious trade-offs.
https://lao.ca.gov/Publications/Report/5124