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

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - More specifically, those 65 and over with a disability impacting independent living has increased by 17  percent. The share of IHSS recipients over age 65, however, has remained a relatively consistent share of the overall IHSS population.
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: Estimated State Savings From Proposition 47

Feb 23, 2026 - Proposition  47 further requires that monies in the SNSF be allocated as follows: (1)  65  percent to the Board of State and Community Corrections for mental health and substance use treatment, (2)  25  percent to the California Department of Education for school truancy and drop-out prevention, and (3)  10  percent to the California Victim Compensation Board for trauma recovery services.
https://lao.ca.gov/Publications/Report/5108

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: Community College Facilities

Mar 17, 2026 - After addressing life safety projects, the Chancellor ’s Office then allocates 65  percent of the remaining funding for modernization projects that renovate existing space and 35  percent for growth projects that add new space.
https://lao.ca.gov/Publications/Report/5159

The 2026-27 Budget: Judicial Branch

Feb 11, 2026 - The judicial branch currently receives about $80  million annually —$65  million from the SCFCF and $15.4  million from the General Fund —for use at Judicial Council ’s discretion. Judicial Council maintains a list of modification projects and categorizes them into one of six priority categories (such as “immediately or potentially critical ” or “beyond rated life but serviceable ”).
https://lao.ca.gov/Publications/Report/5113

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: University of California

Feb 26, 2026 - Over the past decade, the share of spending devoted to compensation has increased, rising from 65   percent in 2015 ‑16. At the same time, the shares of UC spending devoted to student financial aid and other operating expenses have declined slightly.
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - For example, the state could begin by only allowing schools with an EL/LI percentage that is 85  percent or greater to be eligible in 2026 ‑27, then expand to all schools with 65  percent EL/LI or higher over multiple years.
https://lao.ca.gov/Publications/Report/5131