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: California Community Colleges

Mar 5, 2026 - The Governor also proposes smaller ongoing augmentations for various targeted purposes, including Calbright College, the Healthy School Food Pathways program, the Common Cloud Data Platform, and credit for prior learning.
https://lao.ca.gov/Publications/Report/5150

The 2026-27 Budget: California Community Colleges [Publication Details]

Mar 5, 2026 - This brief analyzes the Governor’s budget proposals for the California Community Colleges. It covers apportionments, enrollment growth, Calbright College, and various other proposals.
https://lao.ca.gov/Publications/Detail/5150

The 2026-27 Budget: University of California

Feb 26, 2026 - The Governor ’s proposed base increase for UC clouds transparency and accountability, as the funds are not earmarked for specific purposes. UC ’s 2026 ‑27 Budget Plan for Current Operations , presented to the Board of Regents in November 2025, outlines UC ’s spending priorities, but the amount requested is higher than proposed by the Governor.
https://lao.ca.gov/Publications/Report/5143

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

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 - The State Library notes newer cloud-based firewalls that have more advanced features would replace its current firewall system. The State Library would also upgrade to Office 365, which includes extra security features compared to what the current Office suite provides.
https://lao.ca.gov/Publications/Report/5013