The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - As Figure  2 shows, the Governor proposes to fund all ten projects selected by the Chancellor ’s Office. The Governor ’s budget includes $28  million Proposition  2 bond funds for the preliminary plans and working drawings phases of these projects.
https://lao.ca.gov/Publications/Report/5159

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: Community College Facilities [Publication Details]

Mar 17, 2026 - This post assesses the Governor’s proposals to fund the second batch of community college capital outlay projects under Proposition 2, an education facilities bond.
https://lao.ca.gov/Publications/Detail/5159

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: Child Welfare

Mar 3, 2026 - The 2026-27 Budget: Child Welfare Full Implementation Underway CWS ‑CARES Nearly $2 billion provided over life of project, including $180 million in 2026 ‑27 included in Governor ’s budget. Statewide launch of version 1 planned for October 2026.
https://lao.ca.gov/publications/report/5147

The 2026-27 Budget: Higher Education Overview

Feb 5, 2026 - These augmentations reflect a proposed year ‑five compact increase of 5  percent, along with a delayed partial year ‑four compact increase of 2  percent. The Governor proposes to give the segments discretion in how they use these unrestricted base  increases.
https://lao.ca.gov/Publications/Report/5112

The 2026-27 Budget: California State University

Feb 24, 2026 - We recommend removing the state ’s out ‑year funding commitments to CSU in 2027 ‑28 and 2028 ‑29. Eliminating these out ‑year augmentations would reduce projected state deficits in 2027 ‑28 and 2028 ‑29 without requiring programmatic cuts or tax increases.
https://lao.ca.gov/Publications/Report/5142

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

Jan 20, 2026 - To fund its operations, the measure authorizes the commission to levy annual assessments on public benefit AI companies equal to 1 to 2 percent of their California gross revenue. Allows New Civil and Criminal Penalties and Private Enforcement.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

The 2026-27 Budget: Food Assistance Programs

Feb 18, 2026 - Based on the state ’s most recently measured payment error rate of 11  percent, the state would have a 15  percent share of CalFresh benefit costs, resulting in about $2  billion in new annual costs.
https://lao.ca.gov/Publications/Report/5126