California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - These firms have invested heavily in building out data centers and on extraordinary pay packages for their key employees. This spending, along with gains to investors, has turbo-charged state income tax receipts.
https://lao.ca.gov/Publications/Report/5104

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

The 2026-27 Budget: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - Available Information Leaves Key Questions Unanswered. While OES has provided high ‑level descriptions of its plans, it has not presented critical details to the Legislature, leaving key questions unanswered.
https://lao.ca.gov/Publications/Report/5145

The 2026-27 Budget: California State University [Publication Details]

Feb 24, 2026 - The 2026-27 Budget: California State University [Publication Details] Description: In this brief, we review key funding and spending trends at the California State University (CSU), then analyze the Governor’s budget proposals relating to CSU’s core operations and enrollment.
https://lao.ca.gov/Publications/Detail/5142

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - Many Schools Report Key Changes in Practices. Information gathered by CDE from annual progress reports demonstrate that many schools in the first cohort of grantees made key changes through implementing the community schools model.
https://lao.ca.gov/Publications/Report/5131

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - The Legislature may wish to monitor this issue by scheduling some of the proposed funding to expire after 2026 ‑27, requiring CDTFA to report on vacancies in key areas, or some combination of the two.
https://lao.ca.gov/Publications/Report/5132

Key Impacts of H.R. 1 on Medi-Cal and CalFresh [Publication Details]

Feb 11, 2026 - Key Impacts of H.R. 1 on Medi-Cal and CalFresh [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/5117

The Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight

Mar 18, 2026 - We then discuss key findings about the current draft plan update, highlighting the potential benefits of VAs, key uncertainties about implementation of VAs, questions about the potential effectiveness of VAs or regulatory changes to protect native fish, and the urgency of board action.
https://lao.ca.gov/Publications/Report/5163

The 2026-27 Budget: County Administration and H.R. 1 Implementation

Mar 5, 2026 - Supporting County Administration Is a Key Fiscal Priority As front ‑line administrators of Medi ‑Cal and CalFresh, counties are critical to efforts to  implement H.R.  1. Minimizing Error Rates and Related Fiscal Penalties.
https://lao.ca.gov/Publications/Report/5149