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

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

Jan 20, 2026 - Under current law, certain businesses may elect to operate as public benefit corporations. These entities are allowed to pursue a public benefit —defined as a material positive impact on society or the environment —alongside shareholder value.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - The 2026-27 Budget: California Competes Extension California Competes Extension Overview California Competes Provides Incentives to Attract Business Investment. California Competes is an incentive program run by the Governor ’s Office of Business and Economic Development (GO-Biz.)
https://lao.ca.gov/Publications/Report/5162

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

Artificial intelligence and child safety. [Ballot]

Jan 27, 2026 - State law limits how businesses may sell or share the personal information of minors. Specifically, businesses must obtain explicit consent before selling or sharing the personal information of minors under the age of 16.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-036

Prohibit new taxes on financial assets and other personal property. [Ballot]

Jan 27, 2026 - Similarly, local governments tax owner s of boats and business equipment. Financial Assets Are Not Taxed. Many types of personal property are not taxed. One major type of personal property that is not taxed is financial assets like stocks.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

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

The 2026-27 Budget: Bureau for Private Postsecondary Education

Mar 25, 2026 - BPPE ’s main responsibilities include licensing private postsecondary institutions to operate in California, monitoring their business practices, and resolving student complaints. Currently, it oversees more than 1,500 private postsecondary campuses located throughout the state.
https://lao.ca.gov/Publications/Report/5169

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - Figure 3 Governor ’s Budget Funds Continuing CCC Capital Outlay Projects Proposition 2 Bond Funds (In Thousands) College Advanced transportation and manufacturing building replacement C Career technical education building replacement C Center for Student Success replacement C Gymnasium and locker room replacement C Long Beach (Liberal Arts Campus) Building B replacement Music Art Theater Complex
https://lao.ca.gov/Publications/Report/5159