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: Proposed Elimination of State Environmental Positions

Feb 17, 2026 - For example, at the California Department of Fish and Wildlife (CDFW), positions include game wardens who prov ide important law enforcement and wildlife and resource protection services. Some CDFW positions also administer various permits, a key function to ensure that projects —from habitat restoration to infrastructure and housing development —can be completed with less damage to the environment.
https://lao.ca.gov/Publications/Report/5124

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - Mobile sources —including light ‑, medium ‑, and heavy ‑duty vehicles —contribute to California ’s GHG emissions and air pollution. For example, light ‑duty vehicles represent about 28  percent of statewide GHG emissions and 7  percent of statewide NOx emissions.
https://lao.ca.gov/Publications/Report/5140

The 2026-27 Budget: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - After these dispatch centers have been migrated, OES will focus on deploying Next Generation 911 services to the Los  Angeles area, to help prepare for the 2028  Olympic and Paralympic games. In addition to these priorities, up to 20 other dispatch centers (those in most urgent need) will also be moved onto the statewide network.
https://lao.ca.gov/Publications/Report/5145

The 2026-27 Budget: Framework for Approaching the Natural Resources, Environmental Protection, and Agriculture Budget

Feb 10, 2026 - Adequate staffing for the museum will allow it to open to the public on time and with the appropriate maintenance, especially as the number of visitors to Expo Park increases in advance of the 2028 Olympic and Paralympic Games in Los Angeles.
https://lao.ca.gov/Publications/Report/5116

The 2026-27 Budget: Medi-Cal Analysis

Mar 2, 2026 - Under the new plan in the 2026 ‑27 budget, much of the funds would instead be spent on certain previously approved Medi ‑Cal initiatives, such as transitional rent supports and community ‑based mobile crisis services.
https://lao.ca.gov/Publications/Report/5146