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 nonprofit charities and related entities. [Ballot]

Jan 20, 2026 - This includes the specific activities the new board chooses to engage in, what activities cove red entities choose to engage in (such as how often they make large asset transfers), and how often members of the public file cases in court.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032

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: Other Provisions

Oct 16, 2025 - Relocation of Red Mountain Communications Facilities. The budget provides a net increase of $23  million one-time General Fund for the construction phase of the Relocation of Red Mountain Communications Site project.
https://lao.ca.gov/Publications/Report/5081

Updating the California Necessities Index

Aug 14, 2025 - To summarize, in Figure  3 , we provide relative assessments of each option using our criteria, dividing them into “green ” for the best measures on each criterion, “yellow ” for measures where some deficiency is identified, and “red ” for measures we judge to be significantly deficient.
https://lao.ca.gov/Publications/Report/5065

Rethinking California's Reserve Policy

Apr 10, 2025 - Reserves help smooth the difference —funds are saved when revenues are surging (the green regions in the figure below) and then spent when revenues decline below that long ‑term trajectory (the red regions).
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: In-Home Supportive Services

Mar 6, 2025 - Under the permanent backup provider system, a recipient whose regular provider is not available, but who has an urgent need or whose health and safety will be at risk without a backup provider, can receive up to 80 hours (if recipient is non-severely impai red) or 160 hours (if recipient is severely impaired) of backup provider services per fiscal year.
https://lao.ca.gov/Publications/Report/5009