The 2026-27 Budget: Food Assistance Programs [Publication Details]

Feb 18, 2026 - In this post, we assess the Governor's proposed budget for food assistance programs, including CalFresh.
https://lao.ca.gov/Publications/Detail/5126

The 2026-27 Budget: Food Assistance Programs

Feb 18, 2026 - In this post, we assess the Governor's proposed budget for food assistance programs, including CalFresh.
https://lao.ca.gov/Publications/Report/5126

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

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

May 13, 2023 - Housing clearly is in a slump, manufacturing and trade sectors have slowed, and a number of regional banks recently have failed. Overall, the broadest measure of economic activity (inflation-adjusted gross domestic product [real GDP]) continues to grow, albeit at a below-average pace.
https://lao.ca.gov/LAOEconTax/Article/Detail/774

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Other downturns, such as the 2001 so-called dot-com recession, had severe fiscal implications while inflicting somewhat milder economic damage. The 2008 Great Recession had brutal effects on both the state ’s economy and budget.
https://lao.ca.gov/Publications/Report/4762

The 2025-26 Budget: Department of Financial Protection and Innovation

Apr 3, 2025 - Licensing and Supervision of Banks and Trust Companies Program. Also known as the Banking program, this program regulates, supervises, and examines various entities, including state-licensed banks and trust companies, business and industrial development corporations, public banks, industrial banks, and premium finance companies.
https://lao.ca.gov/Publications/Report/5025

The 2024-25 California Spending Plan: Human Services

Oct 2, 2024 - Permanently Authorizes the Emergency Food Bank Reserve Program. The Emergency Food Bank Reserve Program, created in the 2 020-21 Budget Act , provides food banks with food and funding to help prevent hunger during natural or human-made disasters.
https://lao.ca.gov/Publications/Report/4933/3

Tribal gaming. [Ballot]

Dec 27, 2021 - It also prohibits banking and percentage games played with cards, dice, or other devices for monetary benefit (such as roulette and craps). Banking games generally involve players betting against the “house, ” who is a participant in the game with an interest in the outcome, and percentage games generally involve the house receiving a percentage of the money involved in the game.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-039