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

The 2026-27 Budget: California Department of Corrections and Rehabilitation

Feb 23, 2026 - The Receiver ’s action plan lays out six primary goals, each with its own set of objectives and actions intended to address the outstanding deficiencies. Figure  8 shows the goals and accompanying selected actions.
https://lao.ca.gov/Publications/Report/5137

Artificial intelligence and child safety. [Ballot]

Jan 27, 2026 - Enforcement actions could generate civil penalty revenue for the state, though the amount of any such revenue is uncertain and would depend on the number and severity of violations and the outcomes of enforcement actions.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-036

The 2026-27 Budget: Department of Justice

Feb 11, 2026 - Use Framework to Inform Future Actions. The Legislature could use the DOJ framework to inform its future actions. This could include aligning firearm and ammunition-related workload with the appropriate fund source.
https://lao.ca.gov/Publications/Report/5118

Oversight of certain nonprofit charities and related entities. [Ballot]

Jan 20, 2026 - Enforcement actions may be brought against a ch arity if there are violations of state law —such as mismanagement, misleading fundraising practices, or inappropriate use of monies. Third, state law requires DOJ consent to and/or receive notice of certain actions taken by most charities.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032

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

Mar 18, 2026 - Each participant agrees to specific actions or concessions —such as water allocations, habitat restoration, flow contributions, and/or funding —in exchange for regulatory flexibility or other benefits.
https://lao.ca.gov/Publications/Report/5163

The 2026-27 Budget: Contract to Achieve Operational Efficiencies

Mar 10, 2026 - As such, the Legislature might not become aware of an action taken by the administration that is inconsistent with legislative priorities until after the action has been taken. In addition, the Legislature would not necessarily be informed in a timely manner if the work falls behind schedule or savings erode further from what is estimated at the May Revision.
https://lao.ca.gov/Publications/Report/5156