The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - The administration has yet to provide key details, such as grant amounts, the allowable uses of funding, and time lines for when funding would be awarded. We recommend the Legislature request additional information from the administration regarding key elements of the infrastructure grant proposal.
https://lao.ca.gov/Publications/Report/5168

The 2024-25 Budget: Child Care

Apr 15, 2024 - Reject Proposed Changes to Time Line for Awarding New CAPP Slots. Given the proposed changes to CAPP time line would eliminate legislative oversight of CAPP funding, we recommend rejecting the proposal and continuing to use the current time line, where new CAPP slots are not allocated and CAPP contracts are not finalized until after the Legislature enacts a budget.
https://lao.ca.gov/Publications/Report/4893

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

Sep 26, 2024 - If the new rates do not take effect by this date, DSS must provide the Legislature with a time line for transition. Specifies that the new reimbursement rates shall not be reduced from the rates previously in effect, including the one-time cost of care plus rates that were part of the most recent collectively bargained and parity agreement.
https://lao.ca.gov/Publications/Report/4932

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 2026-27 Budget: County Administration and H.R. 1 Implementation

Mar 5, 2026 - Those impacts are also reflected in this line, resulting in minor overlap. CFAP = California Food Assistance Program; ABAWD = able ‑bodied adult without dependents; and SUAS = State Utility Assistance Subsidy.
https://lao.ca.gov/Publications/Report/5149

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

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