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 - 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

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 - Consistent with that report, BPPE is now seeking legislative approval for fee increases as part of its sunset review t his spring. Most notably, under BPPE ’s proposal, the annual fee would increase to 0.75  percent of each campus ’s total revenue from California students, with a minimum fee of $4,000 and a maximum fee of $80,000 per campus.
https://lao.ca.gov/Publications/Report/5169

The 2026-27 Budget: Food Assistance Programs

Feb 18, 2026 - Of these, about 665,500 are estimated t o not meet the requirement, becoming at risk of losing food assistance. Any discontinuances would gradually occur over 12 months as affected recipients undergo annual recertification.
https://lao.ca.gov/Publications/Report/5126

Oversight of certain frontier artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - If initial registration fees are insufficient to establish the commission, the State Controller may advance up to $10 million from the General Fund, to be repaid with interes t within three years of the first annual assessments.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034

The 2026-27 Budget: Governor’s Office of Land Use and Climate Innovation Proposals

Mar 19, 2026 - If the Legislature determines that its other existing state commitments are higher priority than the LCI activities that would be funded with these proposals, it could revise existing statutory requirements t o downscale LCI ’s responsibilities and resource needs.
https://lao.ca.gov/Publications/Report/5167

The 2026-27 Budget: Permitting Support at the State Water Resources Control Board

Mar 2, 2026 - (SWRCB estimates t hat exempting state-only permits from having to meet CEQA requirements would shorten their preparation time lines by at least a year.) Aligning Public Notification Requirements With Federal Processes.
https://lao.ca.gov/Publications/Report/5144

The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 4, 2026 - In practical terms, this approach means being cautious about new commitments; building reserves and other buffers to protect existing school programs; and identifying proposals tha t the Legislature would be willing to delay, reduce, or reject.
https://lao.ca.gov/Publications/Report/5110