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

Assessing a Shift to Enrollment-Based School Funding

Jan 6, 2026 - The Constitution sets forth three main tests (formulas) for calculating the Proposition  98 guarantee. Test   1 —the most commonly used test over the past 15 years —is based on a share of General Fund revenue and is unaffected by attendance.
https://lao.ca.gov/Publications/Report/5100

The 2026-27 Budget: California Education Learning Lab

Mar 25, 2026 - For example, CSU ’s Artificial Intelligence Educational Innovations Challenge ​ supports faculty-led projects that test new teaching methods that incorporate AI, including projects focused on STEM courses.
https://lao.ca.gov/Publications/Report/5171

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

Feb 4, 2026 - For any given year, the relationship between revenues and the guarantee depends on which Proposition  98 test is operative and whether another test could become operative with different inputs. In 2025 ‑26 and 2026 ‑27, Test 1 is likely to remain operative even if revenues or other inputs vary significantly from the Governor ’s budget estimates.
https://lao.ca.gov/Publications/Report/5110

The 2026-27 Budget: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - The  Legislature then enacted Chapter  926  of  2014 (S B  1211 ,  Padilla), which directed OES to develop a plan and time line for testing, implementing, and operating a Next Generation 911 system, including text ‑to ‑911.
https://lao.ca.gov/Publications/Report/5145

The 2026-27 Budget: Medi-Cal Analysis

Mar 2, 2026 - Other solutions included partially restoring the asset test for seniors and persons with disabilities, ending coverage of anti ‑obesity drugs, and ending supplemental payments for dental services in Medi ‑Cal.
https://lao.ca.gov/Publications/Report/5146

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - RCs are responsible for providing assessments and diagnoses to determine eligibility; this process can include a review of an applicant ’s records as well as tests performed by doctors and/or psychologists.
https://lao.ca.gov/Publications/Report/5157