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

Changes in California Community Colleges Proposition 98 Spending, 2025-26 [EdBudget]

Feb 3, 2025 - Changes in California Community Colleges Proposition 98 Spending, 2025-26 [EdBudget] 2025-26 Proposed Spending $13,579 a Applies to the Adult Education Program, apprenticeship programs, CalWORKs student services, campus child care support, Disabled Students Programs and Services, Extended Opportunity Programs and Services, and mandates block grant. b The Governor's budget includes a total of
https://lao.ca.gov/Education/EdBudget/Details/920

2025-26 Changes in Proposition 98 Spending [EdBudget]

Feb 4, 2025 - 2025-26 Changes in Proposition 98 Spending [EdBudget] 2025-26 Proposition 98 Spending $118,923 a Applies to Child and Adult Care Food Program, K-12 Mandates Block Grant, and special education. b Reflects additional LCFF costs associated with serving more students in transitional kindergarten, including costs of existing 12:1 staffing ratios. c The Governor's budget also includes $229 million in
https://lao.ca.gov/Education/EdBudget/Details/939

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: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Mar 3, 2026 - Further, most SSI/SSP recipients (roughly 62  percent) live in the 16 counties with the highest FMRs, all of which are located within the coastal and San Francisco Bay regions. In all but one of these 16 counties, the maximum SSI/SSP grant for couples is less than the FMR for a one-bedroom unit (the maximum SSI/SSP grant for couples in Los Angeles is $14 above the FMR for a one-bedroom unit).
https://lao.ca.gov/Publications/Report/5148

The 2023-24 Budget: Proposed Fund Shift for CHP and DMV Capital Projects

Feb 27, 2023 - For example, as shown in Figure  1, the Governor now plans to submit future proposals to fund the design ‑build phase of five CHP projects with a total of $255  million in lease revenue bonds in 2024 ‑25 and the design ‑build phase of one DMV project with $62  million in lease revenue bonds in 2025 ‑26.
https://lao.ca.gov/Publications/Report/4710

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

California Housing Affordability Tracker (4th Quarter 2025) [EconTax Blog]

Jan 24, 2024 - In contrast, monthly payments for a two-bedroom home were about $4,350 (62 percent more than renting). While favorable tax treatment and savings opportunities make homeownership attractive for many households even if monthly costs are higher, the gap between renting and owning has widened considerably in recent years.
https://lao.ca.gov/LAOEconTax/Article/Detail/793

California Housing Affordability Tracker (4th Quarter 2025) [EconTax Blog]

Jan 24, 2024 - In contrast, monthly payments for a two-bedroom home were about $4,350 (62 percent more than renting). While favorable tax treatment and savings opportunities make homeownership attractive for many households even if monthly costs are higher, the gap between renting and owning has widened considerably in recent years.
https://lao.ca.gov/LAOEconTax/article/Detail/793