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: University of California

Feb 26, 2026 - As the state share has increased, the tuition share had decreased —falling from 57   percent in 2011 ‑12 to 52   percent in 2025 ‑26. UC Tuition Charges and State Support Historically Move in Opposite Directions.
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

Disabled Veteran Business Enterprise Program Review

Dec 2, 2025 - For example, while the state as a whole met the 3  percent participation goal in nine of the past ten years, only 57  percent of state entities required to report to OSDS met the target individually in 2023 ‑24.
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

The 2026-27 Budget: Medi-Cal Fiscal Outlook

Nov 19, 2025 - Monthly per ‑enrollee General Fund spending, by contrast, rises from $298 in 2025 ‑26 to $355 in 2029 ‑30, a $57 (19  percent) increase. This result is consistent with past LAO outlooks and reflects long ‑term Medi ‑Cal cost trends.
https://lao.ca.gov/Publications/Report/5092

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Specifically, $57  million in 2025-26 growing to $71  million in 2026-27 and ongoing will be shifted between the two funds. Additional Compliance and Enforcement Funding. In addition to the funding shift, the budget provides $2.3  million from the CCF (generally increasing to $4  million by 2028-29 and ongoing) largely to support more routine inspections of licensees.
https://lao.ca.gov/Publications/Report/5081

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 19, 2025 - In calendar year 2024, data from the State Controller ’s Office indicate that rank-and-file Unit 8 salaries totaled $518  million and overtime payments to these employees totaled $294  million —57  percent of their base salary.
https://lao.ca.gov/Publications/Report/5066