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

Temporary tax increases. [Ballot]

Jan 27, 2026 - The measure would make short-term tax measures harder to pass. This has a chance of reducing future state revenues. When and by how much future revenues would be reduced is unclear . Summary of Major Fiscal Effects.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-037

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: California Education Learning Lab

Mar 25, 2026 - For example, some Learning Lab projects have resulted in higher pass rates for certain STEM courses while other projects have been linked to improving students ’ motivation and sense of belonging. Projects Are Challenging to Scale.
https://lao.ca.gov/Publications/Report/5171

The 2026-27 Budget: Food Assistance Programs

Feb 18, 2026 - H.R. 1 Makes Significant Changes Impacting CalFresh and CFAP H.R. 1 was passed by Congress and signed by the President in July 2025. H.R. 1 introduces multiple significant changes to CalFresh and CFAP that are expected to result in reduced enrollment, lower benefits, and higher state costs.
https://lao.ca.gov/Publications/Report/5126

The applicability of tax increases to the state’s constitutional requirements. [Ballot]

Jan 27, 2026 - The Legislature can raise fees with a simple majority vote but can only pass tax increases with a two-thirds vote. Voters can raise either taxes or fees with a simple majority. State Must Spend a Share of General Fund Tax Revenues on Schools and Community Colleges.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-038

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - Moreover, given the opaque nature of vehicle pricing, we expect that ensuring that incentives are passed on to consumers, rather than retained (at least to some degree) by manufacturers or vehicle dealers, will be difficult.
https://lao.ca.gov/Publications/Report/5140

The 2026-27 Budget: Streamlining California’s Affordable Housing Funding System

Mar 6, 2026 - Were a large statewide general obligation bond to pass, for example, state funding for MHP (and likely other gap funding programs) would increase. As a result, many projects would receive an HDFC award, and thus there would be an increase in calls on the proposed set ‑aside pool.
https://lao.ca.gov/Publications/Report/5154

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

Feb 23, 2026 - Second, the Legislature passed and the Governor signed Chapter  269 (AB  573, Rogers). This law will raise the annual license fee from $265 to $450 on July 1, 2026. It also authorized CDTFA to make further fee adjustments to cover program costs.
https://lao.ca.gov/Publications/Report/5132