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

May Revision Proposes to Reduce CSU Funding in 2024-25, Approach for 2025-26 Is Needlessly Complex [EdBudget]

May 17, 2024 - The amount shown for 2025-26 is an estimate provided by the Department of Finance, reflecting 7.95 percent of CSU's 2024-25 base funding as of Governor's budget. c The May Revision includes $5.5 million to implement recent legislation that expanded eligibility for a tuition fee waiver applying primarily to the dependents of certain veterans. d In addition to the ongoing increases proposed for
https://lao.ca.gov/Education/EdBudget/Details/862

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 2024-25 Budget: Transportation Budget Solutions

Feb 23, 2024 - We recommend the Legislature adopt the proposed General Fund reductions for ATP ($200  million) and the Port of Oakland ($96  million). While these proposals reduce funding for potential projects in the future, they do not impact support for existing projects.
https://lao.ca.gov/Publications/Report/4854

The 2026-27 Budget: University of California

Feb 26, 2026 - Second, the Governor ’s budget includes an additional 2  percent increase ($96  million) associated with the 2025 ‑26 compact payment that was postponed to 2026 ‑27 under last year ’s budget agreement.
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - First, Chapter  54 (S B  96 , Committee on Budget and Fiscal Review) changed the structure of the fees that are deposited in SETNA, thereby increasing revenue to enable OES to pay for costs associated with planning, testing, implementing, and operating a Next Generation 911 system.
https://lao.ca.gov/Publications/Report/5145

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

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - If these requirements are not met, the CFC may only certify a credit equal to 96  percent of the original award. The broad structure of the new requirement is as follows: Within 30 days of receiving a credit allocation letter, applicants must submit a DEIA Workplan that reflects California ’s population in terms of race, ethnicity, gender, and disability status and includes specific DEIA goals and how the applicant intends to fulfill them.
https://lao.ca.gov/Publications/Report/5036

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 14, 2024 - The proposed agreement specifies that, notwithstanding the implementation of the 66-hour duty week for compensation purposes, upon ratification or on November 25, 2024, whichever date is later, Unit 8 members assigned to Shift Pattern 1 would be placed in either a “Modified Kelly” (also known as a 48/96 work schedule where employees work two consecutive 24-hour shifts on duty
https://lao.ca.gov/Publications/Report/4919