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: Proposed Elimination of State Environmental Positions

Feb 17, 2026 - If eliminated, they would generate annual sav ings of $45  million ($19  million from the General Fund and $25  million from special funds). We find that eliminating certain positions could have undesirable programmatic impacts because they serve important purposes, even if they happen to be vacant for a period of time.
https://lao.ca.gov/Publications/Report/5124

Time limits, environmental reviews, and judicial reviews for certain types of infrastructure projects. [Ballot]

Dec 10, 2025 - Two of the more significant changes include capping the number of days an agency must provide for public comment —such as 45 days for draft EIRs —and specifying that these periods may only be extended by a court order.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-023

The 2025-26 Budget: Governor’s Office of Service and Community Engagement

Mar 11, 2025 - Of the proposed $84  million ongoing for the program in 2026-27, California Volunteers estimates that $45  million would be used for administrative costs (rather than direct student financial aid). Of the $45  million, about half would be for administrative costs at the state level (through California Volunteers) and half would be for administrative costs at the campus level.
https://lao.ca.gov/Publications/Report/5015

The 2025-26 California Spending Plan: Child Care and State Preschool

Nov 14, 2025 - The remaining $45  million is to support the costs of administering monthly cost of care plus payments. Extends Reimbursement Flexibility Based on Maximum Certified Need for Voucher-Based Providers. The budget provides $88.6  million non-Proposition  98 General Fund to continue to pay voucher-based providers based on a child ’s maximum certified hours of care rather than on attendance.
https://lao.ca.gov/Publications/Report/5088

Financial Aid Award Coverage [EdBudget]

Jul 23, 2025 - Award may be used for any cost of attendance. 45 campuses (including CCCs and California private and public universities) currently participate in the program. Chafee Grant for Foster Youth Provides a fixed amount of coverage for any cost of attendance to current and former foster youth.
https://lao.ca.gov/Education/EdBudget/Details/988

The 2025-26 California Spending Plan: Health

Oct 16, 2025 - Accordingly, as a budget solution, the spending plan elimi nates $45  million unspent carryover construction funds in 2024-25. Supports New Diaper Access Initiative. The spending plan includes General Fund spending of $7.4  million in 2025-26 and $12.5  million in 2026-27 for a new two-year diaper access initiative.
https://lao.ca.gov/Publications/Report/5075

New Higher Education Reporting Requirements [EdBudget]

Oct 3, 2022 - New Higher Education Reporting Requirements [EdBudget] TBL March 15, 2025 a BBL refers to budget bill language contained in the 2022-23 Budget Act, as enacted by Chapter 43 of 2022 (AB 154, Skinner) and amended by Chapter 45 of 2022 (AB 178, Ting) and Chapter 249 of 2022 (AB 179, Ting).
https://lao.ca.gov/Education/EdBudget/Details/622