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: Governor’s Office of Land Use and Climate Innovation Proposals [Publication Details]

Mar 19, 2026 - In this post, we assess the Governor's budget augmentation proposals for the Office of Land Use and Climate Innovation's administrative and policy activities and statutorily required activities.
https://lao.ca.gov/Publications/Detail/5167

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

Mar 19, 2026 - Therefore, the Legislature finds itself in the position of needing to evaluate whether these activities and staffing expansions at LCI are a higher priority than other existing General Fun d-supported activities.
https://lao.ca.gov/Publications/Report/5167

The 2026-27 Budget: Streamlining California’s Affordable Housing Funding System

Mar 6, 2026 - Private Activity Bonds and Tax Credits Merit to Setting in Statute the Proportion of Private Activity Bonds for Affordable Housing. The amount of private activity bonds CDLAC has designated for affordable rental housing in recent years has varied somewhat —from a high of 93   percent to a low of 86   percent.
https://lao.ca.gov/Publications/Report/5154

The 2026-27 Budget: California Highway Patrol Proposals

Mar 6, 2026 - CHP receives roughly 60  percent of the MVA revenues ($3  billion) annually, with most of the remainder supporting activities at the Department of Motor Vehicles. Growth in CHP ’s expenditures, however, has been outpacing the MVA ’s revenue increases.
https://lao.ca.gov/Publications/Report/5152

The 2026-27 Budget: California Education Learning Lab

Mar 25, 2026 - CCC faculty receive a certain number of flex days so they can take time outside of teaching to pursue professional development activities, including developing new course designs, tools, and materials.
https://lao.ca.gov/Publications/Report/5171

The 2026-27 Budget: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - These updates should include, for each workstream, a discussion of the primary activities accomplished in the quarter, any significant changes in activities or time lines relative to the last report, and discussion of activities and time lines for the upcoming quarter.
https://lao.ca.gov/Publications/Report/5156