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

The 2026-27 Budget: Cap-and-Invest Expenditure Plan

Feb 10, 2026 - Allocates $615   Million Outside  S B   840 Spending Framework for Rest of CalFire Backfill and ZEV Incentive Program. The administration assumes about $750   million in GGRF monies will be available in 2026 ‑27 that are not from budget ‑year auction revenues and thus not subject to the S B  840 allocation process under its statutory interpretation.
https://lao.ca.gov/Publications/Report/5114

Overview of New Updates to the Cap-and-Invest Program

Dec 9, 2025 - Under S B  840 , funding for these programs —which include wildfire and forest resilience activities specified under Chapter  626 of 2018 (S B  901 , Dodd), a backfill of the State Responsibility Area (SRA) fee, and lost revenue associated with A B  398 ’s expansion of a manufacturing tax exemption —is maintained at existing levels.
https://lao.ca.gov/Publications/Report/5097

California State University Capital Outlay Projects [EdBudget]

Mar 26, 2026 - Annual debt service costs, which CSU will pay using its General Fund support, is estimated to be $50 million. b The campus is anticipated to contribute $12 million for this project. This includes $10 million in donor support and $2 million in campus reserves. c The campus is anticipated to contribute $9.6 million in campus reserves for this project.
https://lao.ca.gov/Education/EdBudget/Details/1082

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - This amount was approved via three different 2025 budget actions: (1) $181  million provided through Chapter  2 of 2025 (A B  100 , Gabriel) (these funds were available for departments to spend during the final few months of 2024 ‑25), (2) $2.9  million through Chapter  5 of 2025 (A B  102 , Gabriel), and (3) $3.3  billion through Chapter  104 of 2025 (S B  105 , Wiener).
https://lao.ca.gov/Publications/Report/5115

California Community Colleges Capital Outlay Projects [EdBudget]

Mar 10, 2026 - California Community Colleges Capital Outlay Projects [EdBudget]     a Community college districts issue local general obligation bonds to pay for a share of project costs. b Proposition 51 (2016) bond funds. c The performance criteria phase is the initial phase of this design-build project. d Replacement buildings listed in this category involve adding space. e Center operated
https://lao.ca.gov/Education/EdBudget/Details/1025

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

UC Federal Grants and Contracts for Medical Care, R&D, and Other Purposes [EdBudget]

Feb 21, 2026 - UC Federal Grants and Contracts for Medical Care, R&D, and Other Purposes [EdBudget] a Amounts for 2024-25 are estimates based on 11 months of actuals. b Reflects expenditures, not annual grant award amounts. c This row excludes expenditures from NIH grants. 
https://lao.ca.gov/Education/EdBudget/Details/1047