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 - However, from 2021-22 through 2023-24, the maximum combined SSI/SSP monthly grant amount increased on average by 7.4  percent annually for individuals and 8.2  percent annually for couples —predominantly due to the provision of federal SSI COLAs and historically high SSP grant increases, including the highest in history one-time SSP grant increase of roughly 24  percent in January 2022.
https://lao.ca.gov/Publications/Report/5148

The 2026-27 Budget: University of California

Feb 26, 2026 - UC estimates its health care costs will grow by 8.2  percent, while its employer contribution rate to UCRP will be 17.2  percent of payroll, up from 16.5  percent of payroll in 2025 ‑26. Cover the cost associated with enrollment growth, particularly for the hiring of additional faculty and support staff.
https://lao.ca.gov/Publications/Report/5143

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

Feb 23, 2026 - This includes ongoing funding for: (1) salary increases ($25.3 million) of mental health positions, (2) to establish the Office of the Receiver ($8.2 million) and (3) other consulting‑related expenses ($356,000).
https://lao.ca.gov/Publications/Report/5137

University of California Funding by Source [EdBudget]

Feb 13, 2026 - University of California Funding by Source [EdBudget] 8.2% a Includes funds that UC uses for tuition discounts and waivers. b Includes a portion of overhead funding on federal and state grants and a portion of patent royalty income. c A FTE student equates to 30 credit units for an undergraduate and 24 credits units for a graduate student.
https://lao.ca.gov/Education/EdBudget/Details/1043

The 2026-27 Budget: Framework for Approaching the Natural Resources, Environmental Protection, and Agriculture Budget

Feb 10, 2026 - The  budget proposes $8.2  million in 2026 ‑27 and $8  million in 2027 ‑28 and ongoing from the General Fund, along with one position, to support CDFW ’s existing nutria eradication program. An invasive species that have been spreading in California since being detected in 2017, nutria carry pathogens and parasites that pose risks to human and animal health, damage flood
https://lao.ca.gov/Publications/Report/5116

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: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091