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: Estimated State Savings From Proposition 47

Feb 23, 2026 - Some of these changes allow people who possess drugs or steal property worth $950 or less to be charged with felonies instead of misdemeanors in particular circumstances, such as if they have certain prior convictions.
https://lao.ca.gov/Publications/Report/5108

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

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 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

Retail Theft in California: Looking Back at a Decade of Change

Jun 12, 2025 - The crime involves possessing more than $950 worth of stolen property with the intent to sell that property. For the purposes of determining if the $950 threshold has been met, the law allows the dollar value of multiple acts of possessing stolen property within a two ‑year period to be aggregated.
https://lao.ca.gov/Publications/Report/5055

Rethinking California's Reserve Policy

Apr 10, 2025 - In March of 2004, on the heels of the dot ‑com bust, voters passed Proposition  58, which created the Budget Stabilization Account (BSA). In the 2006 ‑07 budget, the Legislature deposited $472  million into the BSA and in 2007 ‑08 deposited $1.5  billion.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: Medi-Cal Pharmacy Spending

Apr 3, 2025 - As Figure  4 shows, the top 30 drugs in terms of spending (out of about 950 drug categories) represented less than 20  percent of all prescriptions (left column) but more than 50  percent of gross spending (right column).
https://lao.ca.gov/Publications/Report/5026

Overview of K-12 Career Technical Education

Mar 25, 2025 - Recent One‑Time Spending on CTE Since 2021, the state has provided a total of $950  million ($700  million Proposition  98 General Fund and $250  million non ‑Proposition  98 General Fund) for various one ‑time CTE initiatives.
https://lao.ca.gov/Publications/Report/5021