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 - 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: Permitting Support at the State Water Resources Control Board [Publication Details]

Mar 2, 2026 - In this post, we assess the Governor’s proposal for new positions and associated funding at the State Water Resources Control Board to manage increased workload stemming from a recent U.S. Supreme Court decision.
https://lao.ca.gov/Publications/Detail/5144

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

Mar 2, 2026 - Water quality is governed by the federal Clean Water Act (CWA) and state Porter-Cologne Water Quality Control Act. Under CWA, the U.S. Environmental Protection Agency (EPA) establishes national standards and delegates authority to SWRCB and its nine regional water boards (collectively referred to as the water boards) to administer federal permitting programs.
https://lao.ca.gov/Publications/Report/5144

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - MOE Structure Has Changed Over Time, Beginning With 2012 MOE. As part of the 2012 IHSS MOE, beginning in 2012 ‑13, all counties were required to maintain their 2011 ‑12 expenditure levels for IHSS, to which an annual growth factor of 3.5  percent was applied beginning in 2014 ‑15.
https://lao.ca.gov/Publications/Report/5166

The Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight

Mar 18, 2026 - Evolution of Current Sacramento/Delta Updates SWRCB Began the Sacramento/Delta Update Process in 2012. As shown in Figure  3, SWRCB began the process of updating the phase two Sacramento/Delta portion of the Bay ‑Delta Plan in 2012.
https://lao.ca.gov/Publications/Report/5163

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - Further, unlike other states, the Lanterman Act does not impose any time limits on eligibility. The Lanterman Act Grants Access to Services According to Each Consumer ’s Choices. The Lanterman Act guides the availability and delivery of services in DDS.
https://lao.ca.gov/Publications/Report/5157

The 2026-27 Budget: Department of Developmental Services [Publication Details]

Mar 13, 2026 - Analyzes the Governor’s budget for the Department of Developmental Services (DDS), with a focus on a budget proposal to continue planning the proposed Life Outcomes Improvement System (LOIS) information technology project, implementation of new H.R.
https://lao.ca.gov/Publications/Detail/5157