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

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: 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 Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight

Mar 18, 2026 - While VAs can result from litigation, they differ from regular court orders or traditional top ‑down regulations in that the affected parties negotiate a settlement to try to achieve agreed ‑upon objectives.
https://lao.ca.gov/Publications/Report/5163

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: California Student Aid Commission

Feb 17, 2026 - This income level equates to roughly the top 90th percentile of households in California (meaning only about one in ten households makes above that level). Lastly, under the revamped program, students at private universities remain ineligible for MCS awards.
https://lao.ca.gov/Publications/Report/5127

The 2026-27 Budget: Cap-and-Invest Expenditure Plan

Feb 10, 2026 - By including funding for state operations in Tier 1, they are taken “off the top ” before allocations are computed for nearly all other activities. The main implication of this approach is that any activities that are added to this category essentially result in less funding available to support programs in other tiers and a greater likelihood that Tier 3 programs may not receive their full statutory allotments.
https://lao.ca.gov/Publications/Report/5114