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: Proposition 4 Spending Plan [Publication Details]

Feb 10, 2026 - The 2026-27 Budget: Proposition 4 Spending Plan [Publication Details] Description: This publication assesses the Governor’s proposed 2026-27 spending plan for Proposition 4, the $10 billion climate bond approved by voters in November 2024.
https://lao.ca.gov/Publications/Detail/5115

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - The budget package also authorized nearly 80 new positions across 12 departments to administer Proposition  4 ‑funded programs. Trailer bill language adopted in Chapter  106 of 2025 (A B  149 , Committee on Budget) also allowed state agencies and departments to use the emergency rulemaking process under the Administrative Procedure Act to develop and adopt their bond program guidelines and selection criteria.
https://lao.ca.gov/Publications/Report/5115

The 2026-27 Budget: Permitting Support at the State Water Resources Control Board [Publication Details]

Mar 2, 2026 - In this post, we assess the Governor’s proposal for new positions and associated funding at the State Water Resources Control Board to manage increased workload stemming from a recent U.S. Supreme Court decision.
https://lao.ca.gov/Publications/Detail/5144

The 2026-27 Budget: Permitting Support at the State Water Resources Control Board

Mar 2, 2026 - Water quality is governed by the federal Clean Water Act (CWA) and state Porter-Cologne Water Quality Control Act. Under CWA, the U.S. Environmental Protection Agency (EPA) establishes national standards and delegates authority to SWRCB and its nine regional water boards (collectively referred to as the water boards) to administer federal permitting programs.
https://lao.ca.gov/Publications/Report/5144

The 2026-27 Budget: Bureau for Private Postsecondary Education

Mar 25, 2026 - In 2025, BPPE incurred $10  million in costs associated with an employment lawsuit, consisting of a $4  million jury award to the plaintiff and $6  million in plaintiff ’s attorney fees. To cover these costs, DCA issued a $10  million loan to the BPPE Fund from the Bureau of Automotive Repair ’s High Polluter Repair or Removal Account in December 2025.
https://lao.ca.gov/Publications/Report/5169

The 2026-27 Budget: Department of Developmental Services [Publication Details]

Mar 13, 2026 - Analyzes the Governor’s budget for the Department of Developmental Services (DDS), with a focus on a budget proposal to continue planning the proposed Life Outcomes Improvement System (LOIS) information technology project, implementation of new H.R.
https://lao.ca.gov/Publications/Detail/5157