The 2026-27 Budget [Publication Details]

Jan 1, 2026 - As we release publications aimed at addressing the 2026-27 budget situation, we will add them to this index page.
https://lao.ca.gov/Publications/Detail/5107

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

Home Prices Update: September 2021 [EconTax Blog]

Oct 20, 2021 - California has seen higher 12-month growth rates before: price growth topped out at 25.2 percent in 2004 and 23.7 percent i n 2013. In contrast, the nation ’s highest previous growth rate since 1996 (the first year in Zillow ’s database) was 11.9 percent in 2005.
https://lao.ca.gov/LAOEconTax/Article/Detail/706

Residency rules for state personal income tax purposes. [Ballot]

Jan 27, 2026 - These commonly include wages for temporary work performed i n the state, owner income from businesses based in the state, and capital gains from selling real estate they own in the state. Nonresidents pay about 5  percent of all state income taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-039

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

Child Care Budget [EdBudget]

Nov 7, 2025 - The budget authorizes the Department of Finance to increase spending by up to $195 million on CCPU funds for retirement, health, and training. i Reflects Proposition 98 funds for Child and Adult Care Food Program.
https://lao.ca.gov/Education/EdBudget/Details/1016

2025-26 Changes in Proposition 98 Spending [EdBudget]

Nov 7, 2025 - 2025-26 Changes in Proposition 98 Spending [EdBudget] $114,558 a Primarily reflects removal of 2024-25 one-time funds. b The 2025-26 budget package uses funding from the Proposition 98 reserve to cover $405 million in K-12 costs and $50 million in community college costs. c Reflects additional LCFF costs associated with serving more students in transitional kindergarten, including costs of
https://lao.ca.gov/Education/EdBudget/Details/1007

Relating to attorney fees and medical damages in motor vehicle accident cases. [Ballot]

Nov 24, 2025 - For example, state law requires personal auto insurance polices i nclude a minimum coverage amount of $30,000 per person for each accident that results in the death or injury of one person other than the policy owner.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-022