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

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

Disabled Veteran Business Enterprise Program Review

Dec 2, 2025 - Federal —Between 1999 and 2024, the federal governments maintained an enterprise ‑wide goal of awarding not less than 3  percent of the total value of all contracts (prime and subcontract) to certified Service ‑Disabled Veteran ‑Owned Small Businesses.
https://lao.ca.gov/Publications/Report/5095

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

An Update on the Public Health Laboratory System After the Pandemic

Jun 12, 2025 - Beginning in 1999 and through the pandemic, 12 local public health laboratories (out of a total of 40 laboratories at their peak) closed or become inactive for a variety of reasons including insufficient funding, staffing shortages, decreased demand for services, and challenges in recruiting public health laboratory directors.
https://lao.ca.gov/Publications/Report/5056

The 2025-26 Budget: Scholarshare Investment Board

Apr 30, 2025 - SIB launched California ’s 529 program, known as Scholarshare 529, in 1999. Under the Scholarshare 529 program, individuals can open a college savings account, often on behalf of a child, and make associated contributions.
https://lao.ca.gov/Publications/Report/5035

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: California State Library

Mar 7, 2025 - One of those reauthorizations (in 1999) raised the fee allocated to the law lib rary from $50 to $65. The special fund account and the requirement for allocating $65 of the designated appellate filing fees to the law library sunset at the end of 2024.
https://lao.ca.gov/Publications/Report/5013