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: Department of Justice

Feb 11, 2026 - Bruen case that found laws requiring people provide “good cause ” to carry a concealed weapon to be unconstitutional. As a result, states that want to regulate a person ’s ability to carry concealed weapons (including California) must have “shall-issue ” regulatory regimes, meaning such states are required to issue carry concealed permits to people seeking them if they meet nondiscretionary criteria.
https://lao.ca.gov/Publications/Report/5118

The 2026-27 Budget: California Highway Patrol Proposals

Mar 6, 2026 - These include costs related to vehicles, weapons, technology, and utilities. In previous years, the department has not typically come forth with specific, discrete budget requests to support these types of expenses —even when costs have risen due to inflation.
https://lao.ca.gov/Publications/Report/5152

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