California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - These firms have invested heavily in building out data centers and on extraordinary pay packages for their key employees. This spending, along with gains to investors, has turbo-charged state income tax receipts.
https://lao.ca.gov/Publications/Report/5104

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

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: 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: 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: 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

The 2026-27 Budget: California Department of Corrections and Rehabilitation

Feb 23, 2026 - This brief provides our analysis of the Governor’s 2026-27 budget proposals related to California Department of Corrections and Rehabilitation.
https://lao.ca.gov/Publications/Report/5137

The 2026-27 Budget: California Department of Corrections and Rehabilitation [Publication Details]

Feb 23, 2026 - This brief provides our analysis of the Governor’s 2026-27 budget proposals related to California Department of Corrections and Rehabilitation.
https://lao.ca.gov/Publications/Detail/5137

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - Figure 3 Governor ’s Budget Funds Continuing CCC Capital Outlay Projects Proposition 2 Bond Funds (In Thousands) College Advanced transportation and manufacturing building replacement C Career technical education building replacement C Center for Student Success replacement C Gymnasium and locker room replacement C Long Beach (Liberal Arts Campus) Building B replacement Music Art
https://lao.ca.gov/Publications/Report/5159