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

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

Mar 3, 2026 - Beginning in 2015-16, however, SSI/SSP caseload began to decline slowly at an average rate of 1.7  percent each year. As shown in Figure  3, the Governor ’s budget projects that caseload will decrease by 0.9  percent in both 2025-26 and 2026-27.
https://lao.ca.gov/Publications/Report/5148

The 2026-27 Budget: Governor’s Office of Land Use and Climate Innovation Proposals

Mar 19, 2026 - For implementing various statutory responsibilities, the Governor proposes $741,000 in 2026-27, $1.7  million in 2027-28, $1.5  million from 2028-29 through 2031-32, and $522,000 ongoing thereafter. Figure 1 Administrative and Policy Information technology (IT) Support five existing positions and various IT infrastructure and security activities resulting from LCI establishing
https://lao.ca.gov/Publications/Report/5167

The 2026-27 Budget: Judicial Branch

Feb 11, 2026 - Additionally, since 2009 ‑10, nearly $1.7  billion has been transferred from the judicial branch ’s construction accounts to the General Fund or to support trial court operations. These transfers were originally made to help address the fiscal difficulties then facing the state.
https://lao.ca.gov/Publications/Report/5113

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - Under the Governor’s budget, the amount of the cushion is $241 million, equating to 1.7 percent of Proposition 98 spending on the community colleges in 2026‑27. (This amount reflects the use of $286 million in ongoing funds for one‑time spending, partly offset by the use of $44 million in one‑time Proposition 98 Reserve funds for ongoing program costs.)
https://lao.ca.gov/Publications/Report/5150

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: 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