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How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Smaller, short-lived corrections occur frequently, among them the 1997 Asian financial crisis, the 2011 U.S. debt celing standoff, the 2015 Chinese growth slowdown, the early pandemic drop in 2020, and the 2025 tariff selloff.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Smaller, short-lived corrections occur frequently, among them the 1997 Asian financial crisis, the 2011 U.S. debt celing standoff, the 2015 Chinese growth slowdown, the early pandemic drop in 2020, and the 2025 tariff selloff.
https://lao.ca.gov/LAOEconTax/article/Detail/852

California New Car Registrations: January 2026 [EconTax Blog]

Mar 11, 2026 - For example, registrations in January 2026 were 15 percent lower than in January 2020.  
https://lao.ca.gov/LAOEconTax/Article/Detail/853

California New Car Registrations: January 2026 [EconTax Blog]

Mar 11, 2026 - For example, registrations in January 2026 were 15 percent lower than in January 2020.  
https://lao.ca.gov/LAOEconTax/article/Detail/853

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

California New Car Registrations: December 2025 [EconTax Blog]

Feb 9, 2026 - Like many other measures of economic activity, registrations plummeted in March and April 2020. Registrations rebounded substantially in the subsequent months but generally have remained below pre-pandemic levels.  
https://lao.ca.gov/LAOEconTax/article/Detail/848

California New Car Registrations: December 2025 [EconTax Blog]

Feb 9, 2026 - Like many other measures of economic activity, registrations plummeted in March and April 2020. Registrations rebounded substantially in the subsequent months but generally have remained below pre-pandemic levels.  
https://lao.ca.gov/LAOEconTax/Article/Detail/848

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - As a result of the pandemic, State Preschool enrollment experienced a significant decline of roughly 65,000 students in 2020 (Figure 3). While enrollment has increased since 2020, it remains significantly below pre‑pandemic levels.
https://lao.ca.gov/Publications/Report/5168

California New Car Registrations: November 2025 [EconTax Blog]

Jan 6, 2026 - Like many other measures of economic activity, registrations plummeted in March and April 2020. Registrations rebounded substantially in the subsequent months but generally have remained below pre-pandemic levels.  
https://lao.ca.gov/LAOEconTax/Article/Detail/846

California New Car Registrations: November 2025 [EconTax Blog]

Jan 6, 2026 - Like many other measures of economic activity, registrations plummeted in March and April 2020. Registrations rebounded substantially in the subsequent months but generally have remained below pre-pandemic levels.  
https://lao.ca.gov/LAOEconTax/article/Detail/846