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: Re-Envisioning State Education Governance

Mar 18, 2026 - In this brief, we examine the Governor ’s proposal to restructure state governance. The first section explains how the current system evolved and describes the main entities and their responsibilities.
https://lao.ca.gov/Publications/Report/5165

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - We examine how these cost drivers have changed alongside policy changes in the program and the state overall. Taken together, these cost drivers account for much of the overall growth in the program.
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan [Publication Details]

Feb 4, 2026 - This brief examines the estimates of the Proposition 98 guarantee in the Governor’s budget and assesses the overall structure of the Governor’s school spending plan. It also examines a few of the larger spending proposals and the proposal to delay a $5.6 billion settle-up payment.
https://lao.ca.gov/Publications/Detail/5110

The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 4, 2026 - School Spending Plan In this section, we examine the Governor ’s plan  for allocating Proposition  98 funds to schools. First,  we describe the Governor ’s overall approach and explain the most notable spending proposals.
https://lao.ca.gov/Publications/Report/5110

The 2026-27 Budget: Department of Justice

Feb 11, 2026 - …Suggesting State May Want to Examine Its Regulatory Fee Structure, Particularly Given Limited General Fund Capacity for Ongoing Commitments. The inconsistencies in how the state supports current firearm workload and the changing legal landscape suggests the state may want to examine its regulatory fee structure to more consistently determine what regulatory and enforcement activities should be supported by regulatory fees versus the General Fund.
https://lao.ca.gov/Publications/Report/5118

The 2026-27 Budget: Re-Envisioning State Education Governance [Publication Details]

Mar 18, 2026 - In this brief, we examine the Governor’s proposal to restructure state governance. The first section explains how the current system evolved and describes the main entities and their responsibilities. The second section reviews previous governance studies and explains how governance works in other contexts.
https://lao.ca.gov/Publications/Detail/5165