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 2026-27 Budget: Governor’s Sustainable Aviation Fuel Tax Credit Proposal

Feb 24, 2026 - The program is supported by state and federal funds and receives around $540   million annually —meaning this proposal would result in a reduction of about 9   percent each year. Overall, these reductions would result in fewer state and local transportation projects being funded each year.
https://lao.ca.gov/Publications/Report/5139

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - Presumes Best Practices Can Be Scaled. Many categorical programs were created to encourage statewide adoption of best practices found to be effective. However, implementing best practices does not necessarily result in the same type of strong improvements when scaled at a state level.
https://lao.ca.gov/Publications/Report/5131

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

Jan 20, 2026 - Reviewing protection plans required of regulated entities that address specified categories of potential harm, including workforce displacement, safety risks, and loss of human con trol, and issuing, modifying, or revoking annual certifications based on commission-identified demonstrated best practices.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - As such, this brief includes our best understanding of the proposals as of March  16,  2026. As more information becomes available, we will provide updates if necessary. Background Overview of the IHSS Program.
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: California Education Learning Lab

Mar 25, 2026 - As part of this initiative, CSU has held systemwide convenings for faculty and administrators to share best practices. CCC faculty receive a certain number of flex days so they can take time outside of teaching to pursue professional development activities, including developing new course designs, tools, and materials.
https://lao.ca.gov/Publications/Report/5171

The 2026-27 Budget: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - Changes of This Magnitude to a Critical Public Safety System Are Best Accomplished Under Close Oversight, Which Is Currently Lacking. In the decades since the 911 system was first established, it has developed into a critical part of California ’s public safety system.
https://lao.ca.gov/Publications/Report/5145