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

The 2026-27 Budget: Medi-Cal Analysis

Mar 2, 2026 - The total savings across all budget solutions is lower, with a $400  million reduction in savings in 2025 ‑26 and a $200  million net reduction in 2026 ‑27. The savings reductions are concentrated in a few solutions, with lower estimated savings from newly collected drug rebates (a $400  million total reduction in savings across 2025 ‑26 and 2026 ‑27) and the end
https://lao.ca.gov/Publications/Report/5146

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 Community Colleges

Mar 5, 2026 - As of fall 2024, districts employed about 66,100 full ‑time equivalent (FTE) employees systemwide —up about 400 FTE employees (0.6  percent) from fall 2019. Staffing has somewhat outpaced enrollment, which decreased by 0.3  percent during this period.
https://lao.ca.gov/Publications/Report/5150