California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - And most of this increase has come from skyrocketing share prices among a handful of firms associated with innovations in Artificial Intelligence (AI). These firms have invested heavily in building out data centers and on extraordinary pay packages for their key employees.
https://lao.ca.gov/Publications/Report/5104

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: In-Home Supportive Services

Mar 18, 2026 - Under the new 2017 IHSS MOE, the counties ’ share of IHSS costs were reset to roughly reflect the counties ’ share of estimated 2017 ‑18 IHSS costs based on historical county cost ‑sharing ratios (35  percent of the nonfederal share of IHSS service costs and  30  percent of the nonfederal share of IHSS administrative costs).
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - For example, this might mean allocating a larger share of funding toward modernization projects, limiting each campus to one Proposition  2 project across all years, or capping the share of funding going toward “complete campus concept ” projects.
https://lao.ca.gov/Publications/Report/5159

The 2026-27 Budget: University of California

Feb 26, 2026 - As Figure   4 shows, the General Fund share of UC ’s total core funding has increased from 37   percent in 2011 ‑12 to 43   percent in 2025 ‑26. As the state share has increased, the tuition share had decreased —falling from 57   percent in 2011 ‑12 to 52   percent in 2025 ‑26.
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: Food Assistance Programs

Feb 18, 2026 - Figure 1 State Shares of CalFresh Benefit Costs for Different Payment Error Rates Payment Error Rate State Share of Benefit Costs Approximate Annual California Cost
https://lao.ca.gov/Publications/Report/5126

District Pension Contribution Rates and Amounts [EdBudget]

Feb 14, 2026 - Share of contributions from schools and community colleges through 2025-26 are based on the split of payroll from CalSTRS' creditable compensation reports. Thereafter, we assume the shares remain constant. c Contribution amounts are estimates provided by CalPERS as of January 2026.
https://lao.ca.gov/Education/EdBudget/Details/1059

The applicability of tax increases to the state’s constitutional requirements. [Ballot]

Jan 27, 2026 - State Must Spend a Share of General Fund Tax Revenues on Schools and Community Colleges. Under the State Constitution, the state has a minimum funding requirement for schools and community colleges. This minimum is based, in part, on General Fund taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-038

Assessment of the Strong Workforce Program

Dec 10, 2025 - Funding Consists of a Local Share and a Regional Share. Under statute, the annual appropriations for SWP are divided into two main shares —a local share comprising 60  percent of the funds and a regional share comprising 40  percent.
https://lao.ca.gov/Publications/Report/5098