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

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

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

Elections and the initiative process. [Ballot]

Mar 23, 2026 - Establish New Special Tax on Income Exceeding $10  Million. The measure would establish an annual 5  percent surcharge on taxable income that exceeds $10  million. The measure specifies how revenues generated from this tax would be used.
https://lao.ca.gov/BallotAnalysis/Initiative/2026-001

The 2026-27 Budget: Bureau for Private Postsecondary Education

Mar 25, 2026 - In 2025, BPPE incurred $10  million in costs associated with an employment lawsuit, consisting of a $4  million jury award to the plaintiff and $6  million in plaintiff ’s attorney fees. To cover these costs, DCA issued a $10  million loan to the BPPE Fund from the Bureau of Automotive Repair ’s High Polluter Repair or Removal Account in December 2025.
https://lao.ca.gov/Publications/Report/5169

California State University Capital Outlay Projects [EdBudget]

Mar 26, 2026 - This includes $10 million in donor support and $2 million in campus reserves. c The campus is anticipated to contribute $9.6 million in campus reserves for this project. P = preliminary plans. W = working drawings.
https://lao.ca.gov/Education/EdBudget/Details/1082

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - Background Proposition   4 Authorizes $10   Billion in General Obligation Bonds for Climate ‑Related Activities. Proposition  4 authorizes the state to sell a total of $10  billion in general obligation bonds primarily for climate ‑resilience purposes, including related to water, wildfire, and energy, among others.
https://lao.ca.gov/Publications/Report/5115

The 2026-27 Budget: Proposition 4 Spending Plan [Publication Details]

Feb 10, 2026 - The 2026-27 Budget: Proposition 4 Spending Plan [Publication Details] Description: This publication assesses the Governor’s proposed 2026-27 spending plan for Proposition 4, the $10 billion climate bond approved by voters in November 2024.
https://lao.ca.gov/Publications/Detail/5115

Breakdown of Local Control Funding Formula [EdBudget]

Jan 19, 2026 - For 2025-26 amd 2026-27, the ratio requirement is 10:1. d Includes funding related to inter-district transfer students, support for the State Special Schools, the Education Protection Account, and $3.5 million to support the Exploratorium in San Francisco.
https://lao.ca.gov/Education/EdBudget/Details/1071