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 public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - To fund its operations, the measure authorizes the commission to levy annual assessments on public benefit AI companies equal to 1 to 2 percent of their California gross revenue. Allows New Civil and Criminal Penalties and Private Enforcement.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - As Figure  2 shows, the Governor proposes to fund all ten projects selected by the Chancellor ’s Office. The Governor ’s budget includes $28  million Proposition  2 bond funds for the preliminary plans and working drawings phases of these projects.
https://lao.ca.gov/Publications/Report/5159

The 2026-27 Budget: Community College Facilities [Publication Details]

Mar 17, 2026 - This post assesses the Governor’s proposals to fund the second batch of community college capital outlay projects under Proposition 2, an education facilities bond.
https://lao.ca.gov/Publications/Detail/5159

The 2026-27 Budget: Bureau for Private Postsecondary Education

Mar 25, 2026 - Those changes were fully implemented by July 1, 2018. Since then, revenues in the BPPE Fund have been roughly flat in unadjusted dollars. Adjusting for inflation, revenues were 18  percent lower in 2024-25 than in 2018-19.
https://lao.ca.gov/Publications/Report/5169

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Changes made to the program in 2018 likely explain much of this trend. Specifically, the 2018 budget package: Removed a requirement that 25  percent of credits be reserved for businesses with less than $2  million in annual revenue.
https://lao.ca.gov/Publications/Report/5162

The Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight

Mar 18, 2026 - Figure 4
https://lao.ca.gov/Publications/Report/5163

The 2026-27 Budget: California Education Learning Lab

Mar 25, 2026 - In 2018, the state established Learning Lab. The purpose of Learning Lab is to improve learning outcomes and help close equity gaps, particularly in STEM, at California ’s public higher education segments.
https://lao.ca.gov/Publications/Report/5171