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

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive Summary The Governor proposes a cumulative total of $200  million from the Greenhouse Gas Reduction Fund (GGRF) and the Air Pollution Control Fund (APCF), and associated budget trailer legislation, to create a new point ‑of ‑sale incentive program for light ‑duty zero ‑emission vehicles (ZEVs).
https://lao.ca.gov/Publications/Report/5140

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: Proposed Zero-Emission Vehicle Incentive [Publication Details]

Feb 24, 2026 - In this piece, we review the Governor's proposal to provide $200 million to create a new point-of-sale incentive program for light-duty zero-emission vehicles.
https://lao.ca.gov/Publications/Detail/5140

The 2026-2027 Budget: California Cannabis Control Appeals Panel Permanent Funding Request [Publication Details]

Feb 11, 2026 - The 2026-2027 Budget: California Cannabis Control Appeals Panel Permanent Funding Request [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5119

The 2026-2027 Budget: California Cannabis Control Appeals Panel Permanent Funding Request

Feb 11, 2026 - The 2026-2027 Budget: California Cannabis Control Appeals Panel Permanent Funding Request California Cannabis Control Appeals Panel Permanent Funding Request Background California Cannabis Appeals Panel (CCAP) Hears Cases Brought by Licensees Who Object to Decisions Made by the Department of Cannabis Control (DCC).
https://lao.ca.gov/Publications/Report/5119

The 2026-27 Budget: Framework for Approaching the Natural Resources, Environmental Protection, and Agriculture Budget

Feb 10, 2026 - California Air Resources Board (CARB): Zero ‑Emission Vehicle (ZEV) Incentive Program. The budget proposes $200  million on a one ‑time basis ($115  million from GGRF and $85  million from the Air Pollution Control Fund [APCF]) to create a new incentive program for light ‑duty vehicles.
https://lao.ca.gov/Publications/Report/5116

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - The  administration also proposes a new budget control section aimed at reducing the administrative burdens associated with implementing large ‑scale or state ‑administered Proposition  4 ‑funded projects.
https://lao.ca.gov/Publications/Report/5115