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

Mar 18, 2026 - SWRCB must notify the public of proposed changes, hold public hearings, and consider and respond to written comments. The board also may hold workshops or informal meetings to gather input. Additionally, state policy (via executive orders and CEQA) directs agencies —including SWRCB —to consult with native tribes when decisions, such as updates to the Bay ‑Delta Plan, may affect tribal interests.
https://lao.ca.gov/Publications/Report/5163

The 2026-27 Budget: Re-Envisioning State Education Governance

Mar 18, 2026 - The change would also allow for policymakers and the public to hold the Governor accountable for educational outcomes. A Few Issues Merit Greater Attention, Including Oversight, Fiscal Implementation, and the SPI ’s Role.
https://lao.ca.gov/Publications/Report/5165

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - On  average, apportionment funding per student is higher across districts on hold harmless ($9,491) and districts on stability ($9,189), compared to districts receiving their SCFF ‑calculated amounts ($8,882).
https://lao.ca.gov/Publications/Report/5150

The 2026-27 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - In years that the CPI-W is negative (as was the case in 2010, 2011, and 2016), the federal government does not decrease SSI grants, but instead holds them flat. …While State Has Option to Provide Annual COLA to SSP Grants.
https://lao.ca.gov/Publications/Report/5148

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - The hold harmless is set to expire June 30, 2026. Funding increases for State Preschool in 2021‑22 and 2022‑23 were primarily due to rate increases. In 2023‑24 and 2024‑25, the state made one‑time reductions to the program in recognition that funding provided exceeded the amount necessary to fund all State Preschool contracts.
https://lao.ca.gov/Publications/Report/5168

The 2026-27 Budget: Child Welfare

Mar 3, 2026 - What would be the impact on foster youth and families of a different implementation approach —such as implementing only the new foster care maintenance payment rates but holding off on the strengths building and immediate needs components —while the state addresses its structural deficit?
https://lao.ca.gov/publications/report/5147