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

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: Child Care and State Preschool

Mar 19, 2026 - Slots are limited to budget appropriation. 80 Emergency Child Care Bridge Provides temporary child care services to children in foster care system and under age 13. Child care services are temporary until family finds longer ‑term child care solution. d 3,245 a Unless otherwise specified, child must be under age 13 and families must earn at or below 85  percent of the state median income to be eligible for subsidized child care programs.
https://lao.ca.gov/Publications/Report/5168

The 2026-2027 Budget: California Cannabis Control Appeals Panel Permanent Funding Request

Feb 11, 2026 - The Governor also proposes a one position reduction (from 13 to 12) in 2026-27 and ongoing. Assessment Still Too Early to Know What Actual Caseload and Workload Will Be. As mentioned previously, CCAP has argued that the reason the panel has heard so few cases is because so many licensees held provisional licenses.
https://lao.ca.gov/Publications/Report/5119

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - As part of the 2012 IHSS MOE, beginning in 2012 ‑13, all counties were required to maintain their 2011 ‑12 expenditure levels for IHSS, to which an annual growth factor of 3.5  percent was applied beginning in 2014 ‑15.
https://lao.ca.gov/Publications/Report/5166

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

Feb 23, 2026 - As shown in Figure  1, these estimates represent a $13  million (14  percent) and a 501 person (13  percent) decline relative to the 2023-24 savings, the year before Proposition  36 took effect. These declines primarily reflect the administration ’s estimate of the impact of Proposition  36 —which went into effect halfway through 2024-25.
https://lao.ca.gov/Publications/Report/5108

Artificial intelligence and child safety. [Ballot]

Jan 27, 2026 - Under this law, certain operating system providers and application stores must provide age-range signals —information indicating a user ’s general age category (for example, under 13, 13-17, or 18+) —that application developers can use to apply age-based requirements.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-036

California New Car Registrations: December 2025 [EconTax Blog]

Feb 9, 2026 - For example, registrations in December 2025 were 13 percent lower than in December 2019.  
https://lao.ca.gov/LAOEconTax/article/Detail/848