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: Streamlining California’s Affordable Housing Funding System [Publication Details]

Mar 6, 2026 - In this brief, we provide background on affordable housing and affordable housing funding programs, describe and analyze the Governor’s budget proposals related to affordable housing funding, and provide recommendations to the Legislature.
https://lao.ca.gov/Publications/Detail/5154

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

Mar 6, 2026 - In this brief, we provide background on affordable housing and affordable housing funding programs, describe and analyze the Governor’s budget proposals related to affordable housing funding, and provide recommendations to the Legislature.
https://lao.ca.gov/Publications/Report/5154

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: Bureau for Private Postsecondary Education

Mar 25, 2026 - As part of the sunset review, the state could approve fee increases to ensure the regulatory agency can cover its costs and be fiscally solvent in the years to come. Introduction Post Focuses on BPPE.
https://lao.ca.gov/Publications/Report/5169

The Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight

Mar 18, 2026 - Environmental Protection Agency, State Water Resources Control Board (SWRCB), and other agencies then implement these laws by adopting regulations to establish and enforce specific requirements. Water Rights (State).
https://lao.ca.gov/Publications/Report/5163

The 2026-27 Budget: Bureau for Private Postsecondary Education [Publication Details]

Mar 25, 2026 - This post assesses the Governor’s proposal to provide a General Fund appropriation for the Bureau for Private Postsecondary Education, a regulatory agency within the Department of Consumer Affairs.
https://lao.ca.gov/Publications/Detail/5169

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - The bond measure includes a number of requirements to guide how funds are administered and overseen by about 30 different state agencies, departments, boards, commissions, conservancies, and offices.
https://lao.ca.gov/Publications/Report/5115