The 2024-25 Budget: State Preschool

Apr 16, 2024 - We estimate an additional $138  million Proposition  98 will go unused in 2023 ‑24. These are excess funds that were initially provided for slot and rate increases, and not part of the collective bargaining set-aside.
https://lao.ca.gov/Publications/Report/4894

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

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 - Under this practice, the state would have assumed new slots would be allocated and implemented beginning October 1 and would have provided nine months ’ worth of funding in the first year of implementation ($138  million General Fund).
https://lao.ca.gov/Publications/Report/4893

The 2025-26 Budget: Understanding Recent Increases in the Medi-Cal Senior Caseload

Mar 6, 2025 - Other Policy Changes Elimination of a Medi ‑Cal Share of Cost for Seniors Up to 138   Percent of FPL. Prior to December 2020, seniors and persons with disabilities whose incomes were between roughly 122  percent and 138  percent of the FPL had to pay a share of cost in order to receive Medi ‑Cal coverage.
https://lao.ca.gov/Publications/Report/5010

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 2025-26 Budget: EDDNext

Feb 25, 2025 - Each year, about 1  million California workers receive a total of about $13  billion in DI and PFL insurance benefits. Similarly, about 1  million California workers access about $7  billion in UI benefits in a typical year.
https://lao.ca.gov/Publications/Report/4985

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