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: K-12 Proposals

Feb 19, 2026 - Despite these challenges, however, many schools are likely to opt into the program to maximize the amount of funding they receive from the state, particularly since schools have no requirements as a conditio n of receiving the funding until 2029 ‑30.
https://lao.ca.gov/Publications/Report/5131

The 2026-27 Budget: California Public Utilities Commission’s Implementation of AB 1207

Feb 10, 2026 - Since the cap-and-invest program was created through the passage of Chapter  488 of 2006 (AB  32, N ú ñez), it has served as one of the state ’s core policies intended to help it achieve its ambitious greenhouse gas reduction goals.
https://lao.ca.gov/Publications/Report/5120

Residency rules for state personal income tax purposes. [Ballot]

Jan 27, 2026 - These commonly include wages for temporary work performed i n the state, owner income from businesses based in the state, and capital gains from selling real estate they own in the state. Nonresidents pay about 5  percent of all state income taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-039

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 - File N o. 25-0033). Background AI and AI Companies. AI refers broadly to technologies that enable computer systems to perform tasks that typically require human intelligence, such as generating content, identifying patterns, or mak ing predictions from data.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

Relating to attorney fees and medical damages in motor vehicle accident cases. [Ballot]

Nov 24, 2025 - For example, meeting the new clear and convincing standard to prove that a person should be awarded compensation for their medical liens could result i n more evidence being presented and considered in court, increasing the time such cases take.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-022

The 2025-26 California Spending Plan: Human Services

Nov 21, 2025 - As such, while budgeted SUN Bucks spending remains relatively flat from summer 2024 to summer 2025, the change in implementatio n schedule from summer 2025 to summer 2026 results in an increase in budgeted SUN Bucks spending in 2025-26 (compared to 2024-25).
https://lao.ca.gov/Publications/Report/5086/3

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