California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
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

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 2021-22 Budget: Analysis of the Major University Proposals [Publication Details]

Feb 1, 2021 - This report analyzes the Governor’s major budget proposals for the universities, covering base funding, enrollment, students’ basic needs, faculty professional development, and deferred maintenance.
https://lao.ca.gov/Publications/Detail/4336

The 2021-22 Budget: Analysis of the Major University Proposals

Feb 1, 2021 - Based on institutional reporting, at least 13 CSU campuses and 2 UC campuses had used some funds from the first round for faculty or staff training in online instruction as of December 31, 2020. State Has Funded Various Initiatives Intended to Improve Online Instruction.
https://lao.ca.gov/Publications/Report/4336

The 2021-22 Budget: California Community Colleges

Feb 16, 2021 - Background Initiative Aims to Provide Systemwide Access to Online Courses. The Online Education Initiative (OEI) consists of several projects, including a common course management system for colleges, resources to help faculty design high ‑quality online courses, and the California Virtual Campus Exchange.
https://lao.ca.gov/Publications/Report/4372

Evaluation of the California Community College Teacher Credentialing Partnership Pilot Program

Mar 29, 2023 - Online teacher credentialing programs already operate in the state and fully online programs have capacity to serve more students. Moreover, in large part due to recent legislative investments in broadband, statewide access to internet service is widespread and improving.
https://lao.ca.gov/Publications/Report/4755

The 2023-24 Budget: May Revenue Outlook [EconTax Blog]

May 13, 2023 - For example, “core ” taxable sales (a seasonally adjusted measure that omits fuel and certain online sales) has declined for two straight quarters. In the last 30 years, comparable two-quarter declines have occurred only around the Dot-Com Recession and the Great Recession.
https://lao.ca.gov/LAOEconTax/Article/Detail/774

Tribal gaming. [Ballot]

Dec 27, 2021 - This is because a federal court previously determined that the payments required by certain tribal-state com pacts into the state ’s General Fund for use at the state ’s discretion generally were an illegal tax prohibited under federal law.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-039