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 - To fund its operations, the measure authorizes the commission to levy annual assessments on public benefit AI companies equal to 1 to 2 percent of their California gross revenue. Allows New Civil and Criminal Penalties and Private Enforcement.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - Of the project proposals that districts submitted for 2026-27, 7 out of 27 eligible modernization projects (26  percent) are included in the Governor ’s budget, compared to 3 out of 8 eligible growth projects (38  percent).
https://lao.ca.gov/Publications/Report/5159

The 2026-27 Budget: Community College Facilities [Publication Details]

Mar 17, 2026 - This post assesses the Governor’s proposals to fund the second batch of community college capital outlay projects under Proposition 2, an education facilities bond.
https://lao.ca.gov/Publications/Detail/5159

The 2026-27 Budget: California State University

Feb 24, 2026 - The total marginal cost (state and student shares combined) of increasing resident undergraduate enrollment by 1  percent in 2026 ‑27 is $58  million. Provide more funding for student financial aid. Specifically, CSU plans to designate $67  million for this purpose.
https://lao.ca.gov/Publications/Report/5142

The 2026-27 Budget: Judicial Branch

Feb 11, 2026 - The judicial branch currently manages around 430 facilities across all 58 counties. Its facility program is responsible for various activities including maintaining these facilities, managing leases, and constructing new courthouses to replace outdated facilities.
https://lao.ca.gov/Publications/Report/5113

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - Over the next eight years, growth rates fluctuated between 3  percent and 8  percent, until reaching a peak growth rate of 10.2  percent and 10.4  percent in 2001 ‑02 and 2002 ‑03, respectively. Caseload growth then hovered between 4.5  percent and 8  percent for the next six years.
https://lao.ca.gov/Publications/Report/5166

California New Car Registrations: February 2026 [EconTax Blog]

Apr 7, 2026 - Seasonally adjusted new car registrations dropped 8 percent from September 2025 to December 2025. After growing just 1 percent from December to February, registrations are still 5 percent below the average level over the last couple of years.
https://lao.ca.gov/LAOEconTax/Article/Detail/855