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 - In this way, our approach represents a hedge; estimated revenues are not as low as they would be in an outright downturn, nor are they as high as is possible if there is no downturn. This differs from the approach taken by the Governor.
https://lao.ca.gov/Publications/Report/5104

Major Proposition 98 Spending Proposals [EdBudget]

Jan 23, 2026 - Major Proposition 98 Spending Proposals [EdBudget] Total Spending Proposals $10,910 a Applies to Special Education, State Preschool, Child Nutrition, Equity Multiplier, K-12 Mandates Block Grant, Charter School Facility Grant Program, Foster Youth Services Coordinating Program, Adults in Correctional Facilities, American Indian Education Centers, Child and Adult Care Food
https://lao.ca.gov/Education/EdBudget/Details/1064

2026-27 Changes in Proposition 98 Spending [EdBudget]

Jan 23, 2026 - b Reflects additional LCFF costs associated with serving more students in transitional kindergarten, including costs of lower transitional kindergarten staffing ratios. c Applies to Special Education, State Preschool, Child Nutrition, Equity Multiplier, K-12 Mandates Block Grant, Charter School Facility Grant Program, Foster Youth Services Coordinating Program, Adults in Correctional Facilities,
https://lao.ca.gov/Education/EdBudget/Details/1067

Implementing California’s Child Welfare Prevention Services Program

Jan 28, 2026 - This program is a home visiting model for young Native American expectant and parenting mothers, with the goal of addressing intergenerational behavioral health challenges and promoting positive behavioral and emotional outcomes among mothers and children, while also helping families process historical traumas by embracing local languages, legends, and Native American history.
https://lao.ca.gov/Publications/Report/5106

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - Recently enacted state law, effective January 1, 2026, establishes requirements for companies that develop or train highly capable “frontier ” AI systems —generally advanced AI models with significant computational scale or capabilities.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - Census American Community Survey, from 2015 to 2024, the number of individuals in the state aged 65 and over has incr eased by 29  percent, while the overall population has increased by a little over 2  percent.
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: Bureau for Private Postsecondary Education

Mar 25, 2026 - With the existing loan from the High Polluter Removal or Repair Account, the BPPE Fund can fully cover its expenditures and remain solvent in 2025-26. In addition, the High Polluter Repair or Removal Account does not need to be repaid in the current year.
https://lao.ca.gov/Publications/Report/5169

Residency rules for state personal income tax purposes. [Ballot]

Jan 27, 2026 - Increased State Income Tax Revenues From New Tax on High-Income Nonresidents. High-income nonresidents who spend more than two months in the state would pay increased state income taxes. This is because the state would collect taxes based on all their income and not just their California-earned income.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-039