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: 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

The 2026-27 Budget: California Student Aid Commission

Feb 17, 2026 - This issue made it challenging for campuses to inform students of their estimated MCS award amounts prior to the start of the academic year. As a result, students often did not know their full financial aid package prior to the start of the academic year.
https://lao.ca.gov/Publications/Report/5127

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Rather, the issue is whether a wait-and-see approach suffices or whether this long-standing risk to California ’s finances should be incorporated into the state ’s budget assumptions from the start. Unpacking this question calls for revisiting what is driving the state ’s current revenue boom.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - Early Start ’s caseload of infants and toddlers has also recently increased, likely in part due to better identification of eligible families. For example, Medi ‑Cal has increased access to diagnostic screenings over time.
https://lao.ca.gov/Publications/Report/5157

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

Mar 5, 2026 - H.R. 1 Puts Strain on State and County Budgets State Faces Structural Deficit … Even before considering H.R.  1, our office and the administration estimate that the state faces significant structural budget deficits starting in 2027 ‑28.
https://lao.ca.gov/Publications/Report/5149

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - Additionally, starting in July 2026, the state will begin reimbursing providers who contract directly with the state (primarily General Child Care and State Preschool providers) based on enrollment rather than attendance.
https://lao.ca.gov/Publications/Report/5168

The 2026-27 Budget: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - BCG is just starting its work at DHCS. The delay was necessary as DHCS responded to changes in federal policy. It is not clear whether the delayed work at DHCS will require meaningful changes in the scope of the work at that department or other changes in the BCG contract.
https://lao.ca.gov/Publications/Report/5156

The 2026-27 Budget: Medi-Cal Analysis

Mar 2, 2026 - Recommendation Treat Administration ’s Assumptions as Starting Point, but Begin Considering Other Approaches for Health Plan Tax. In light of what is known to date about the new federal rules, we recommend the Legislature treat the administration ’s assumptions around the health plan tax and private hospital fee as a reasonable starting point.
https://lao.ca.gov/Publications/Report/5146