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: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - After the Great Recession, SSP grants occasionally were increased by applying the CNI only to the SSP portion of the grant (in 2016-17 and 2021-22). Additi onally, while not COLAs, SSP grant increases were provided in 2021-22, 2022-23, and 2023-24.
https://lao.ca.gov/Publications/Report/5148

The 2026-27 Budget: Child Welfare

Mar 3, 2026 - Family First Prevention Services State Block Grant $222.4 million one ‑time in 2021 ‑22, available through June 30, 2028. Complex Care Needs: $18.1 million ongoing beginning in 2021 ‑22. County Capacity Building $43.2 million one ‑time in 2021 ‑22, available through June 30, 2026.
https://lao.ca.gov/publications/report/5147

The 2026-27 Budget: Computer Science Supplementary Authorization

Mar 6, 2026 - The 2026-27 Budget: Computer Science Supplementary Authorization Computer Science Supplementary Authorization Background Computer Science Supplementary Authorization Incentive Grants Created in 2021-22 Budget.
https://lao.ca.gov/Publications/Report/5153

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: Bureau for Private Postsecondary Education

Mar 25, 2026 - Even with out repayment, that fund would have more than enough to cover its expenditures, with an estimated ending balance of $95  million (22 months of expenditures) in 2025-26. Proposal Would Not Address BPPE ’s Underlying Structural Deficit.
https://lao.ca.gov/Publications/Report/5169

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - For example, between the ages of three and 22, consumers receive services primarily through their local school district rather than their RC. During this time, utilization of services purchased by the RC is low.
https://lao.ca.gov/Publications/Report/5157

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - The state provided $351  million in the 2021 ‑22 budget package for infrastructure grants to child care providers. These grants included $201  million for minor repairs and renovations to child care facilities and $150  million for the construction of new facilities.
https://lao.ca.gov/Publications/Report/5168

The 2026-27 Budget: Judicial Branch

Feb 11, 2026 - (A second construction account was consolidated into the SCFCF in 2021 ‑22.) The SCFCF is used to support both the construction and maintenance of court facilities and is mainly supported by criminal and civil fines and fees.
https://lao.ca.gov/Publications/Report/5113