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 - The current discrepancy over the size of the state ’s budget deficit —$18  billion under the Legislative Analyst ’s Office estimate versus $3  billion in the Governor ’s budget —fits squarely within that pattern.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Figure 3 General Fund Condition Under Fiscal Outlook (In Millions)
https://lao.ca.gov/Publications/Report/5091

Firearms and Ammunition Revenue Update (2025 Q2) [EconTax Blog]

Aug 18, 2025 - Preliminary Total for 2024-25: $58 Million. For firearm and ammunition excise tax returns filed for 2024-25, the total amount of tax due is $58 million —a bit lower than the budget package revenue assumption.
https://lao.ca.gov/LAOEconTax/Article/Detail/836

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 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - Specifically, we suggest the Legislature: (1) plan for lower revenues, (2) maintain a similar reserve withdrawal, (3) develop a plan for school and community college funding, (4) maximize reductions in one ‑time spending, and (5) apply a higher bar for any discretionary proposals and contain ongoing service level.
https://lao.ca.gov/Publications/Report/4825

Firearms and Ammunition Revenue Update (2025 Q3) [EconTax Blog]

Nov 18, 2025 - Current tax return data suggest that the total will be around $58 million. Preliminary Total for Third Quarter of 2025: $13 Million. For firearm and ammunition excise tax returns filed for the third quarter of 2025, the total amount of tax due is $13 million —slightly below the quarterly average in the first year of the program.
https://lao.ca.gov/LAOEconTax/Article/Detail/842

Firearms and Ammunition Revenue Update (2025 Q3) [EconTax Blog]

Nov 18, 2025 - Current tax return data suggest that the total will be around $58 million. Preliminary Total for Third Quarter of 2025: $13 Million. For firearm and ammunition excise tax returns filed for the third quarter of 2025, the total amount of tax due is $13 million —slightly below the quarterly average in the first year of the program.
https://lao.ca.gov/LAOEconTax/article/Detail/842

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - The agreement would provide a 3  percent GSI on July 1, 2025 and another 3  percent GSI on July 1, 2027. A GSI adjusts the entire salary range for each classification represented by a bargaining unit, meaning that the pay increase applies to all Unit 6 members.
https://lao.ca.gov/Publications/Report/5058