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

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

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: Judicial Branch

Feb 11, 2026 - The budget proposes $11  million one ‑time General Fund to relocate 24 courtrooms out of leased space in Los Angeles County. The lease will not be extended as the building is expected to be sold. Of this amount, $4.6  million would be used to relocate 17 courtrooms into six existing courthouses.
https://lao.ca.gov/Publications/Report/5113

The 2026-27 Budget: California State University

Feb 24, 2026 - As Figure 11 shows, CSU’s total spending on employee health care costs has been increasing over time, reaching $779 million in 2024‑25. Growth in health care costs has been particularly notable the past three years (with the highest growth in 2023‑24 at 10 percent).
https://lao.ca.gov/Publications/Report/5142

The 2026-27 Budget: Department of Justice

Feb 11, 2026 - DROS Special Account expenditures routinely exceeded revenues prior to 2019-20 —resulting in the decline of the fund balance. To help ensure sufficient revenues would be available to support BOF workload, Chapter  736 of 2019 (AB  1669, Bonta) enabled DOJ to increase the DROS fee charged from $19 to $31.19.
https://lao.ca.gov/Publications/Report/5118

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

Feb 27, 2026 - The State 911 Advisory Board, which consists of 11 members (most with expertise in public safety), is responsible for advising OES on matters related to the state ’s 911 system. Funding for the state ’s 911 system comes from a monthly surcharge on telephone customers deposited in the State Emergency Telephone Number Account (SETNA).
https://lao.ca.gov/Publications/Report/5145

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - In 2019, DOF found that 1991  Realignment could no longer support the county costs of IHSS. As a result, in 2019 ‑20, the 2017 MOE was eliminated and replaced with the current IHSS MOE structure —referred to as the 2019 IHSS MOE.
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - Figure 5 Certain Categorical Programs Have Received a COLA in Recent Years 2019 ‑20
https://lao.ca.gov/Publications/Report/5150