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

Assessing a Shift to Enrollment-Based School Funding

Jan 6, 2026 - Given the state does not categorize student enrollment as classroom ‑based or nonclassroom ‑based, the Legislature may want to create an enrollment ‑based definition of in ‑person instruction if it wants to continue to restrict funding to classroom ‑based programs.
https://lao.ca.gov/Publications/Report/5100

Assessing a Shift to Enrollment-Based School Funding [Publication Details]

Jan 6, 2026 - Assessing a Shift to Enrollment-Based School Funding [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5100

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Rather than broad-based economic growth, PIT strength has been fueled by a very bullish stock market. Whereas California’s labor market has stagnated over the last two years, the S&P 500 stock index has appreciated roughly 50 percent over the same period.
https://lao.ca.gov/Publications/Report/5104

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

Feb 10, 2026 - 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

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - Biodiversity and Nature ‑Based Climate  Solutions. Clean Energy. Park Creation and Outdoor Access. Extreme Heat Mitigation. Background Proposition   4 Authorizes $10   Billion in General Obligation Bonds for Climate ‑Related Activities.
https://lao.ca.gov/Publications/Report/5115

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: California State University

Feb 24, 2026 - Proposals Governor Proposes Base Increases for CSU. The Governor proposes to increase ongoing base General Fund support for CSU by $366  million (7  percent) in 2026 ‑27. This increase reflects two components.
https://lao.ca.gov/Publications/Report/5142

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - As Figure  1 shows, modernization projects receive points based on the age and condition of the facility. Meanwhile, growth projects receive points based on projected enrollment growth at the campus, as well as how its existing capacity compares to its enrollment level.
https://lao.ca.gov/Publications/Report/5159