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 - As of fall 2024, districts employed about 66,100 full ‑time equivalent (FTE) employees systemwide —up about 400 FTE employees (0.6  percent) from fall 2019. Staffing has somewhat outpaced enrollment, which decreased by 0.3  percent during this period.
https://lao.ca.gov/Publications/Report/5150

The 2026-27 Budget: Medi-Cal Analysis

Mar 2, 2026 - The total savings across all budget solutions is lower, with a $400  million reduction in savings in 2025 ‑26 and a $200  million net reduction in 2026 ‑27. The savings reductions are concentrated in a few solutions, with lower estimated savings from newly collected drug rebates (a $400  million total reduction in savings across 2025 ‑26 and 2026 ‑27) and the end
https://lao.ca.gov/Publications/Report/5146

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

The 2025-26 California Spending Plan: Transportation

Oct 16, 2025 - Starting in 2026-27, the legislation establishes fixed annual amounts of $400  million for TIRCP and $200  million for LCTOP. (To the extent that GGRF revenues are insufficient to fully cover the statutory amounts designated for continuous appropriations, funding for TIRCP, LCTOP, and other specified programs will be reduced proportionally.)
https://lao.ca.gov/Publications/Report/5077

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - The spending plan includes two types of these loans: $550  million in loans allocated to specific funds ($150  million from the Unfair Competition Law Fund and $400  million from the Labor and Workforce Development Fund) and $1.5  billion in unallocated special fund loans, authorized through Control Section 13.40.
https://lao.ca.gov/Publications/Report/5079

Limiting pay for administrators at hospitals and physician groups. [Ballot]

Sep 22, 2025 - There are over 400 hospitals in California. About half are nonprofits and another one-third are for-profits. The rest are owned by public entities, such as counties and special health care districts.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-009