How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The three minor downturns  (1981, 1987, and 1990) led to income tax declines of less less than 10 percent (average of 5 percent), with revenues recovering quickly. The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent).
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The three minor downturns  (1981, 1987, and 1990) led to income tax declines of less less than 10 percent (average of 5 percent), with revenues recovering quickly. The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent).
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - As part of the 2021‑22 budget package, the Legislature and Governor agreed to add 206,800 non‑CalWORKs child care slots over a multiyear period. To date, the state has funded 129,800 additional slots—a 113.8 percent increase in non‑CalWORKs slots compared to 2020‑21 levels.
https://lao.ca.gov/Publications/Report/5168

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 2024-25 Budget: Child Care

Apr 15, 2024 - Additionally, we understand that incorporating additional funds for new CAPP slots in initial July  1  contracts could make it easier for AP agencies to budget expenditures on an annual  basis. Depending on how quickly AP agencies ramp up internal capacity to administer new CAPP slots, families may also be served earlier.
https://lao.ca.gov/Publications/Report/4893

Child Care Subsidized Slots [EdBudget]

Dec 3, 2025 - Child Care Subsidized Slots [EdBudget] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only. The LAO is unable to guarantee the accuracy of this translation and is therefore not liable for any inaccurate information resulting from the translation application tool.
https://lao.ca.gov/Education/EdBudget/Details/1020

The 2022-23 Budget: California Department of Technology

Feb 22, 2022 - Figure 3 Sample Comparison of State Data Center and Private Vendor Rates Service a Storage (per GB, per month) $0.26 b Windows Virtual Private Server (per month) c 514.24 Linux Virtual Private Server (per month) c 540.40 181.44 a Features, levels of service, and other service options not available for comparison. b Lowest end of the range, but can be as high as
https://lao.ca.gov/Publications/Report/4552

The 2024-25 California Spending Plan: Child Care and State Preschool

Sep 26, 2024 - Specifically, trailer legislation indicates intent to add 44,000 slots in 2026-27 and 33,000 slots in 2027-28 to fully meet the goals of the expansion plan. Makes One-Time Reductions to State Preschool.
https://lao.ca.gov/Publications/Report/4932

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

Child Care Subsidized Slots [EdBudget]

Jan 18, 2024 - Child Care Subsidized Slots [EdBudget]     Notes: Reflects Department of Social Services slot estimates. Under the 2024-25 Governor's Budget, the number of budgeted slots in each program reflects projections of filled or awarded slots beginning in 2021-22, which is different from historical budgeting practices.
https://lao.ca.gov/Education/EdBudget/Details/843