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: CalWORKs

Feb 18, 2026 - The 2026-27 Budget: CalWORKs $104 1% a TANF carry ‑forward is a non ‑add item for display purposes only. This amount is included in Federal TANF block grant funds. b Less than 0.5 percent. TANF = Temporary Assistance for Needy Families.
https://lao.ca.gov/Publications/Report/5122

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - This amount was approved via three different 2025 budget actions: (1) $181  million provided through Chapter  2 of 2025 (A B  100 , Gabriel) (these funds were available for departments to spend during the final few months of 2024 ‑25), (2) $2.9  million through Chapter  5 of 2025 (A B  102 , Gabriel), and (3) $3.3  billion through Chapter  104 of 2025 (S B  105 , Wiener).
https://lao.ca.gov/Publications/Report/5115

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

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: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091

Major Higher Education Budget Developments [EdBudget]

Nov 12, 2025 - September Revisions: Chapters 104 and 745 Adds funding for several new one-time higher education initiatives. Redirects funding from two previous CCC initiatives to new CCC initiatives. Uses Proposition 2 bonds (rather than UC revenue bonds) to support an intersegmental student housing project involving Cabrillo College and UC Santa Cruz.
https://lao.ca.gov/Education/EdBudget/Details/1024

The 2025-26 California Spending Plan: Transportation

Oct 16, 2025 - Chapter  104 of 2025 (SB  105, Wiener) requires the Department of Finance (DOF) —in consultation with the California State Transportation Agency —to examine loans or other financing options that could be used to provide short-term financial assistance to certain transit agencies: San Francisco Bay Area Rapid Transit District, San Francisco Municipal Transportation Agency, Peninsula Corridor Joint Powers Board, and Alameda-Contra Costa Transit District.
https://lao.ca.gov/Publications/Report/5077

The 2025-26 California Spending Plan: Natural Resources and Environmental Protection

Oct 16, 2025 - This amount was approved via three different 2025 budget actions: (1) $181  million provided through Chapter  2 (AB  100, Gabriel) in April 2025 (these funds were available for departments to spend during the final few months of 2024-25); (2) $2.9  million through Chapter  5 (AB  102, Gabriel); and (3) $3.3  billion through Chapter  104 (SB  105, Weiner).
https://lao.ca.gov/Publications/Report/5080