Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - The commission would regulate a narrow category of large AI companies —referred to as “public benefit AI companies ” —that meet specified thresholds related to computational expenditures, California nexus, and public benefit or nonprofit status.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

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: Higher Education Overview

Jan 31, 2023 - These calculations, however, do not have a strong nexus to underlying community college cost pressures.) Moreover, the three segments have similar cost drivers. All are experiencing salary pressures, increases in their health care premiums, increases in their pension contribution rates, and inflationary pressures in other key areas, including utilities, suppli es, and equipment.
https://lao.ca.gov/Publications/Report/4664

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

Feb 1, 2021 - That new program combines two distinct objectives —increasing student mental health resources and increasing digital equity —without a clear nexus between the two. At CSU, the proposed program ’s objectives would overlap with those of the separately funded Basic Needs Initiative.
https://lao.ca.gov/Publications/Report/4336

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 2021-22 Budget: Department of Toxic Substances Control

Mar 19, 2021 - In contrast to HWCA —for which a strong nexus exists between charges and DTSC ’s regulatory workload —TSCA is largely supported by a broad ‑based tax that can fund a wide variety of department activities.
https://lao.ca.gov/Publications/Report/4406

A Review of State Standards and Inspections for Local Detention Facilities

Feb 16, 2021 - This lack of expertise in external oversight of detention facilities is concerning given that approval of the standards is one of the board ’s core functions and arguably more important duties given the standards ’ nexus to health, life, and safety.
https://lao.ca.gov/Publications/Report/4371

The 2023-24 Budget: Proposed Energy Policy Changes

Mar 10, 2023 - The Governor ’s proposals represent significant policy changes for the state and they do not have a particularly strong nexus with the budget. The Legislature will want to consider the most appropriate venue for discussing and deliberating these proposed changes.
https://lao.ca.gov/Publications/Report/4735