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

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: Re-Envisioning State Education Governance

Mar 18, 2026 - Adopt Proposals to Give the SPI Voting Rights on SBE and Community College Governing Board. We recommend adopting the proposals to make the SPI a voting member of the SBE and Board of Governors of the California Community Colleges.
https://lao.ca.gov/Publications/Report/5165

The 2026-27 Budget: Permitting Support at the State Water Resources Control Board [Publication Details]

Mar 2, 2026 - The 2026-27 Budget: Permitting Support at the State Water Resources Control Board [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5144

The 2026-27 Budget: Permitting Support at the State Water Resources Control Board

Mar 2, 2026 - However, when issued by the state water board (rather than a regional board), these plans are limited to WOTUS. As such, under current state law, to protect non-WOTUS, each regional board must revise their regional plans to match the statewide plan.
https://lao.ca.gov/Publications/Report/5144

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

The 2026-27 Budget: Re-Envisioning State Education Governance [Publication Details]

Mar 18, 2026 - In this brief, we examine the Governor’s proposal to restructure state governance. The first section explains how the current system evolved and describes the main entities and their responsibilities. The second section reviews previous governance studies and explains how governance works in other contexts.
https://lao.ca.gov/Publications/Detail/5165

The 2025-26 Budget: Scholarshare Investment Board

Apr 30, 2025 - The 2025-26 Budget: Scholarshare Investment Board Scholarshare Investment Board Introduction Post Focuses on California Kids Investment and Development Savings (CalKIDS) Program. The Scholarshare Investment Board (SIB) administers the CalKIDS program, which provides college savings accounts for children.
https://lao.ca.gov/Publications/Report/5035