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

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - Moreover, with a share of cost, counties have an incentive to control program costs in areas over which they have more control (like administration). To achieve these benefits, we believe realignments need to follow certain core principles.
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: Estimated State Savings From Proposition 47

Feb 23, 2026 - Proposition  47 further requires that monies in the SNSF be allocated as follows: (1)  65  percent to the Board of State and Community Corrections for mental health and substance use treatment, (2)  25  percent to the California Department of Education for school truancy and drop-out prevention, and (3)  10  percent to the California Victim Compensation Board for trauma recovery services.
https://lao.ca.gov/Publications/Report/5108

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - While these campuses may have significant facility needs, they are likely also benefiting from certain other scoring metrics. For example, five of these campuses enroll at least 10,000 full-time equivalent students, placing them in the highest two tiers of points based on campus size.
https://lao.ca.gov/Publications/Report/5159

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: Judicial Branch

Feb 11, 2026 - In combination, as shown in Figure  3 , it makes it likely that at least $21  billion could be needed to complete the list of 80 projects. These costs will likely continue to increase over time due to inflation and various other factors.
https://lao.ca.gov/Publications/Report/5113

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - Set More Specific Time Lines Around Accreditation Process. In addition to setting an earlier date for when accreditation would begin, we recommend establishing time lines for key milestones associated with the development of the accreditation process.
https://lao.ca.gov/Publications/Report/5131

The 2026-27 Budget: University of California

Feb 26, 2026 - With this additional funding, UC likely would: Provide salary increases for nonrepresented and represented employees. We estimate each  1  percent increase in payroll would cost $55  million in 2026 ‑27.
https://lao.ca.gov/Publications/Report/5143