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 2025-26 Budget: California Spending Plan Series [Publication Details]

Oct 16, 2025 - The 2025-26 Budget: California Spending Plan Series [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5105

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Reflecting concerns about the potential effects of tariffs, the budget act enacted in June assumed revenues would decline in 2025 ‑26 and grow modestly in 2026 ‑27. Looking primarily at strong trends in income tax collections since June would suggest a significant upgrade to budget act revenues is warranted.
https://lao.ca.gov/Publications/Report/5091

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: Bureau for Private Postsecondary Education

Mar 25, 2026 - Proposal Governor Proposes to Provide General Fund Appropriation for BPPE in 2025-26. The Governor ’s budget provides a $10  million one-time General Fund appropriation for BPPE in 2025-26 (to be implemented through the next round of amendments to the 2025-26 Budget Act ).
https://lao.ca.gov/Publications/Report/5169

2022-23 Fiscal Outlook Revenue Estimates [EconTax Blog]

Nov 17, 2021 - As shown on the figure, this uncertainty is very large by the end of our forecast in 2025-26. Revenues ending up $75 billion below or $50 billion a bove our forecast is entirely plausible.
https://lao.ca.gov/LAOEconTax/Article/Detail/712

Changes in University of California General Fund Spending [EdBudget]

Feb 13, 2026 - b The 2025-26 Budget Act included intent language to provide UC with this augmentation.  c Reflects nonresident replacement funding of $30 million for 2026-27 as well as deferred ongoing nonresident replacement funding of $31 million from 2025–26 to 2026–27 included in the 2025-26 Budget Act. 
https://lao.ca.gov/Education/EdBudget/Details/1044

Enrollment by Higher Education Segment [EdBudget]

Feb 5, 2026 - For CSU and UC, 2024-25 and 2025-26 numbers come from the segments and reflect actual and revised enrollment levels across the two years, respectively. The 2026-27 undergraduate number reflects the resident undergraduate enrollment growth expectation proposed under the Governor's budget (also reflected in the 2025-26 Budget Act).
https://lao.ca.gov/Education/EdBudget/Details/1035