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

Implementing California’s Child Welfare Prevention Services Program

Jan 28, 2026 - For example, a number of California counties have “cultural broker ” programs, which are community ‑led initiatives that work with Black families who have an open child welfare case (or are at risk of child welfare system intervention).
https://lao.ca.gov/Publications/Report/5106

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

Mar 2, 2026 - (SWRCB estimates t hat exempting state-only permits from having to meet CEQA requirements would shorten their preparation time lines by at least a year.) Aligning Public Notification Requirements With Federal Processes.
https://lao.ca.gov/Publications/Report/5144

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - We have noted how following the dot-com bust and 2001 recession, California relied mostly on short-term solutions rather than realigning its structural imbalance. Consequently, the state went into the Great Recession a few years later with a structural deficit (and virtually no budget reserves), which greatly exacerbated the severity of the fiscal crisis that ensued.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - The improvement in student outcomes was reported across student subgroups, however, the improvements were shown to be most significant for Black students, English learners, and socioeconomically disadvantaged students.
https://lao.ca.gov/Publications/Report/5131

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 Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight

Mar 18, 2026 - For example, increasing freshwater flows into the Delta reduces ocean salinity intrusion. SWRCB regulates flows mainly by managing water rights, which control how much water can be diverted out of the waterbody.
https://lao.ca.gov/Publications/Report/5163

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - For example, the administration estimates that the majority of the $72  million left in the regional CC4A program as of January 2026 will be exhausted before the end of 2026 ‑27. The administration has not yet determined the extent to which this new proposed program could be used in combination with other existing programs (sometimes referred to as “stacking ”).
https://lao.ca.gov/Publications/Report/5140

The 2026-27 Budget: Governor’s Office of Land Use and Climate Innovation Proposals

Mar 19, 2026 - LCI houses SGC, which coordinates work across various state departments and agencies and disburses grants to address statewide climate and land use issues such as extreme heat and sustainable communities.
https://lao.ca.gov/Publications/Report/5167