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 - 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

Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - About half of the revenue losses would go to cities, counties, and special districts. The other half would go to schools. In some years, the state could face additional cost pressures to provide mon ey to schools to offset their revenue losses.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035

The 2026-27 Budget: Governor’s Sustainable Aviation Fuel Tax Credit Proposal

Feb 24, 2026 - Annual reduction of $49  million to transportation funding that the state provides to cities and counties for work on their local streets and roads. State transportation funding suballocated to cities and counties for these purposes is projected to be around $3.9  billion annually —meaning this proposal would result in a reduction of about 1   percent each year.
https://lao.ca.gov/Publications/Report/5139

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - Those programs offered by non ‑LEA providers (community ‑based organizations, county welfare departments, and cities) are funded with non ‑Proposition  98 General  Fund. Child Care Programs Must Comply With Certain Federal Requirements.
https://lao.ca.gov/Publications/Report/5168

The 2026-27 Budget: Judicial Branch

Feb 11, 2026 - . $1.5  million for the performance criteria phase of the New Nevada City Courthouse project in Nevada County. Relocation of Los Angeles Spring Street Courtrooms. The budget proposes $11  million one ‑time General Fund to relocate 24 courtrooms out of leased space in Los Angeles County.
https://lao.ca.gov/Publications/Report/5113

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

Mar 18, 2026 - Army Corps of Engineers and SWRCB and its nine regional boards issue permits to regulate dredged and fill materials and discharge (pollutants and stormwater) entering waterways from cities, industries, and farms.
https://lao.ca.gov/Publications/Report/5163

Implementing California’s Child Welfare Prevention Services Program

Jan 28, 2026 - For example, according to the state plan, Nurse ‑Family Partnership currently is operated (primarily by county public health departments) in 22 counties, and specially trained Master ’s level therapists offer Parent ‑Child Interaction Therapy in 40 cities.
https://lao.ca.gov/Publications/Report/5106