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 - Such executives may be subject to penalties of up to $10 million per violation. In addition, certain willful misconduct —such as unauthorized expansion of AI capabilities or obstruction of investigations —would be punishable as a felony, with potential imprisonment of up to five years and fines of up to $10 million, or an amount equal to twice the financial gains resulting from the misconduct.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

The 2026-27 Budget: California State University

Feb 24, 2026 - Growth in health care costs has been particularly notable the past three years (with the highest growth in 2023‑24 at 10 percent). Pension Contribution Rates Have Remained Relatively Flat in Recent Years.
https://lao.ca.gov/Publications/Report/5142

The 2026-27 Budget: Bureau for Private Postsecondary Education

Mar 25, 2026 - As Figure  2 shows, the BPPE Fund is projected to become insolvent in 2027-28 regardless of whether the state provides the proposed General Fund appropriation. (This appropriation would have a small impact on BPPE ’s near-term fiscal condition, as it covers loan repayment costs that would otherwise be spread across the next six years.)
https://lao.ca.gov/Publications/Report/5169

The 2026-27 Budget: Child Welfare

Mar 3, 2026 - Some questions could include: If the Legislature does not make an appropriation to implement the Tiered Rate Structure beginning in 2027-28, the current, interim LOC rate structure for foster care maintenance payments would remain in place.
https://lao.ca.gov/publications/report/5147

The 2026-27 Budget: University of California

Feb 26, 2026 - For example, earmarking around 10   percent of a base increase would allow UC to undertake some capital renewal projects while still retaining the preponderance of any base increase for other spending priorities.
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - In  particular, we note that the proposal to shift IHSS hours growth costs to counties does not assume savings until 2027 ‑28. This means that the Legislature has time to fully understand the proposal and its implications before taking action.
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: California Department of Corrections and Rehabilitation

Feb 23, 2026 - This decreases to $3.4  million in 2027 ‑28 and ongoing. $674,000 for equipment and software in 2026 ‑27. This increases to $893,000 in 2027 ‑28 before decreasing to $442,000 in 2028 ‑29 and ongoing.
https://lao.ca.gov/Publications/Report/5137