The 2026-27 Budget: Streamlining California’s Affordable Housing Funding System

Mar 6, 2026 - Promising Idea of Providing Tax Credits for HDFC ‑Approved Projects … The Governor ’s proposed concept of automatically awarding private activity bonds and tax credits to HDFC ‑funded projects has the potential to address an important and fundamental problem in the state ’s affordable housing funding system: developers having to apply to different state entities for project funding, with no assurance that awards will be made consistently to fund projects.
https://lao.ca.gov/Publications/Report/5154

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

The 2026-27 Budget: California Public Utilities Commission’s Implementation of AB 1207

Feb 10, 2026 - If the state were to approve limited-term funding, CPUC could return to the Legislature with a future budget proposal to request ongoing resources once it has a clearer idea of its ultimate approach to implementing the California Climate Credit and the associated ongoing workload.
https://lao.ca.gov/Publications/Report/5120

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - The program is conceptually well structured and has recent empirical evidence supporting the idea that the credit is leading to a net increase in jobs in the state. Therefore, we recommend that the Legislature approve the Governor ’s proposal to extend the credit.
https://lao.ca.gov/Publications/Report/5162

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: Re-Envisioning State Education Governance

Mar 18, 2026 - The California Master Plan for Education 2004 California Performance Review A commission appointed by the Governor to gather feedback from state employees and recommend ideas for improving the delivery of government services.
https://lao.ca.gov/Publications/Report/5165