How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The three minor downturns  (1981, 1987, and 1990) led to income tax declines of less less than 10 percent (average of 5 percent), with revenues recovering quickly. The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent).
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The three minor downturns  (1981, 1987, and 1990) led to income tax declines of less less than 10 percent (average of 5 percent), with revenues recovering quickly. The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent).
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 - Civil penalties on covered co mpanies may be assessed as a percentage of annual gross revenue, beginning at 5 percent for initial violations and increasing to as much as 100 percent for violations that remain u ncured over specified time periods.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

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: 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various activities including maintaining these facilities, managing leases, and constructing new courthouses to replace outdated facilities.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

California New Car Registrations: January 2026 [EconTax Blog]

Mar 11, 2026 - California New Car Registrations: January 2026 [EconTax Blog] California New Car Registrations: January 2026 March 11, 2026 Seth Kerstein As discussed in an earlier post , new car purchases can be a useful, timely economic indicator.
https://lao.ca.gov/LAOEconTax/Article/Detail/853

California New Car Registrations: January 2026 [EconTax Blog]

Mar 11, 2026 - California New Car Registrations: January 2026 [EconTax Blog] California New Car Registrations: January 2026 March 11, 2026 Seth Kerstein As discussed in an earlier post , new car purchases can be a useful, timely economic indicator.
https://lao.ca.gov/LAOEconTax/article/Detail/853

The 2026-27 Budget: Re-Envisioning State Education Governance

Mar 18, 2026 - The office would consist of the SPI and up to 11 other staff. Of these 11 staff, at least 4 would be nominated by the SPI and appointed by the SBE as required by the Constitution. The Governor ’s budget does not include additional funding for the Office of the SPI.
https://lao.ca.gov/Publications/Report/5165

Overview of Efforts to Modernize EDD’s Benefit Systems [Publication Details]

Feb 24, 2026 - Assembly Budget Subcommittee No. 5 on State Administration
https://lao.ca.gov/Publications/Detail/5135