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: California Education Learning Lab

Mar 25, 2026 - In 2024-25, the state reduced Learning Lab ’s ongoing General Fund to $5.5  million. Additionally, in 2024-25, the state restructured OPR and split it into two new offices: the Governor ’s Office of Service and Community Engagement and the Office of Land Use and Climate Innovation (LCI).
https://lao.ca.gov/Publications/Report/5171

The 2026-27 Budget: Food Assistance Programs

Feb 18, 2026 - In 2024-25, about 5.5  million Californians received a total of over $12.5  billion in CalFresh benefits, all of it federally funded, with an average monthly benefit of about $192 per person. CalFresh Administration Is Funded by the State, Counties, and Federal Government.
https://lao.ca.gov/Publications/Report/5126

The 2026-27 Budget: Re-Envisioning State Education Governance

Mar 18, 2026 - The board ’s budget is $5.5  million in non ‑Proposition  98 General Fund. Core SBE Duties Revolve Around Academic Standards, Curriculum, and Regulations. Many of the SBE ’s most significant responsibilities revolve around state academic policies.
https://lao.ca.gov/Publications/Report/5165

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

Feb 10, 2026 - The budget proposes $12.3  million ($6.8  million General Fund and $5.5  million in reimbursements) and 24 positions in 2026 ‑27 (and a similar amount ongoing) to open the Greenwood Residential Center in El Dorado County.
https://lao.ca.gov/Publications/Report/5116