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 - The current discrepancy over the size of the state ’s budget deficit —$18  billion under the Legislative Analyst ’s Office estimate versus $3  billion in the Governor ’s budget —fits squarely within that pattern.
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: Child Care and State Preschool

Mar 19, 2026 - As a result of the pandemic, State Preschool enrollment experienced a significant decline of roughly 65,000 students in 2020 (Figure 3). While enrollment has increased since 2020, it remains significantly below pre‑pandemic levels.
https://lao.ca.gov/Publications/Report/5168

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - Specifically, under the 2012 IHSS MOE, the state share of IHSS nonfederal costs increased from  65  percent in 2011 ‑12 ($1.7  billion) to roughly  76  percent in 2016 ‑17 ($3.5  billion). 2017 IHSS MOE.  
https://lao.ca.gov/Publications/Report/5166

Realignment and County Indigent Health Care Programs [Publication Details]

Mar 19, 2026 - Presented to: Senate Budget Subcommittee No. 3 on Health and Human Services
https://lao.ca.gov/Publications/Detail/5164

The 2026-27 Budget: Permitting Support at the State Water Resources Control Board

Mar 2, 2026 - To that end, the 2024-25 budget package included language requiring SWRCB to submit a report to the Legislature by January 2026 on (1)  the impacts of the Sackett decision on workload, permitting, and enforcement processes; (2)  the nature of any legal challenges to state regulatory authority; and (3)  any regulatory limitations it was experiencing under current statute.
https://lao.ca.gov/Publications/Report/5144

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - For example, the proposal includes 71  percent of the total remaining amount for extreme heat mitigation and a comparatively much lower 12  percent of the total remaining amount for coastal resilience.
https://lao.ca.gov/Publications/Report/5115

The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - The SSI/SSP caseload grew at a rate of less than 1  percent each year between 2011-12 and 2014-15. Beginning in 2015-16, however, SSI/SSP caseload began to decline slowly at an average rate of 1.7  percent each year.
https://lao.ca.gov/Publications/Report/5148