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: Governor’s Sustainable Aviation Fuel Tax Credit Proposal

Feb 24, 2026 - The only limit on the amount of credits that eligible producers could claim under the proposed policy is the amount of their California diesel excise ta x liability —currently totaling about $1.5  billion across all producers —and the amount of SAF that could be produced or imported to California.
https://lao.ca.gov/Publications/Report/5139

The 2026-27 Budget: CalWORKs

Feb 18, 2026 - The Governor ’s budget proposes $1.5  billion from the General Fund for CalWORKs in 2026-27, a year-over-year increase of $368  million (33  percent). Here again the increase is primarily because the Governor ’s budget assumes there will be no remaining unspent TANF funds in 2026-27 to offset General Fund costs as is the case in 2025-26.
https://lao.ca.gov/Publications/Report/5122

The 2026-27 Budget: University of California

Feb 26, 2026 - Faculty FTE increased by 1.5  percent annually over the past decade, contributing to an increase in the student ‑to ‑faculty ratio from 14.0 to 14.6. Though UC ’s workforce grew notably over much of the past ten years, UC implemented a systemwide hiring freeze beginning April 1, 2025.
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: California Education Learning Lab

Mar 25, 2026 - (This is $1.5  million less than Learning Lab received in 2025-26.) The administration has indicated that its reason for proposing to retain the program is because it provides tailored grant opportunities to stimulate faculty-led innovations in areas aligned with state priorities.
https://lao.ca.gov/Publications/Report/5171

The 2026-27 Budget: Governor’s Office of Land Use and Climate Innovation Proposals

Mar 19, 2026 - For implementing various statutory responsibilities, the Governor proposes $741,000 in 2026-27, $1.7  million in 2027-28, $1.5  million from 2028-29 through 2031-32, and $522,000 ongoing thereafter. Figure 1 Administrative and Policy Information technology (IT) Support five existing positions and various IT infrastructure and security activities resulting from LCI establishing
https://lao.ca.gov/Publications/Report/5167

The 2026-27 Budget: Judicial Branch

Feb 11, 2026 - . $1.5  million for the performance criteria phase of the New Nevada City Courthouse project in Nevada County. Relocation of Los Angeles Spring Street Courtrooms. The budget proposes $11  million one ‑time General Fund to relocate 24 courtrooms out of leased space in Los Angeles County.
https://lao.ca.gov/Publications/Report/5113

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