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

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

Feb 23, 2026 - Assessment Expansion of Tele ‑Mental Health Is One Strategy That Could Help Alleviate Staffing Challenges. In our report Addressing Chronic Vacancies in Prison Mental Health Care , we find that the expansion of tele‑mental health is a promising strategy to address vacancies.
https://lao.ca.gov/Publications/Report/5137

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - That said, recent budgets have set the SFEU bet ween $3.5  billion and $4.5  billion, so the Governor ’s budget proposal to set the balance to $4.5  billion is generally in line with recent policy.
https://lao.ca.gov/Publications/Report/5101

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - Increasing Compensation Can Be a High ‑Cost Strategy. In general, compensation increases can be a high ‑cost strategy for filling vacancies. For example, the action plan estimates that it will cost $25   million ongoing to increase pay by roughly 3   percent for mental health positions at CDCR.
https://lao.ca.gov/Publications/Report/5134

The 2026-27 Budget: County Administration and H.R. 1 Implementation

Mar 5, 2026 - At the same time, individual county implementation will depend on strategies and resource allocation priorities of individual counties. To support successfully mitigating risks of payment error penalties, the Legislature will need to understand what changes to state and county processes will be required to address the largest contributors to error rates.
https://lao.ca.gov/Publications/Report/5149

The 2026-27 Budget: Re-Envisioning State Education Governance

Mar 18, 2026 - The California Master Plan for Education 2004 California Performance Review A commission appointed by the Governor to gather feedback from state employees and recommend ideas for improving the delivery of government services.
https://lao.ca.gov/Publications/Report/5165

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - This program is a key element of the Master Settlement Agreement that California and 45 other states reached with the four largest cigarette manufacturers in 1998. The California Electronic Cigarette Excise Tax Program administers a 12.5  percent tax on retail sales of e ‑cigarettes.
https://lao.ca.gov/Publications/Report/5132

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

Mar 19, 2026 - Recommendation Weigh Merits of LCI Proposals Within Context of Overall Budget Strategy. As the budget picture becomes more clear in the next few months, we recommend the Legislature decide whether the merits of these proposals outweigh the resulting additional pressure on the General Fund both in 2026-27 and out-years.
https://lao.ca.gov/Publications/Report/5167

The 2026-27 Budget: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - This causes the state to lose valuable time that could have been spent developing and implementing other cost reductions strategies. In addition, overly ambitious cost savings targets can mask, to an extent, the size of the structural deficit.
https://lao.ca.gov/Publications/Report/5156