The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - In  the budget window, for example, the administration proposes: (1)  reverting $71  million in unused EDDNext project funding early, and (2)  modifying In ‑Home Supportive Services (IHSS) eligibility to align with Medi ‑Cal, which provides $86  million in savings).
https://lao.ca.gov/Publications/Report/5101

The 2026-27 Budget: Higher Education Overview

Feb 5, 2026 - As discussed in The 2026‑27 Budget: Overview of the Governor’s Budget , the administration’s revenue estimates over the budget window are $42 billion higher than previous budget‑act assumptions and almost $30 billion higher than our November 2025 estimates.
https://lao.ca.gov/Publications/Report/5112

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