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

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

Feb 23, 2026 - This brief provides our analysis of the Governor’s 2026-27 budget proposals related to California Department of Corrections and Rehabilitation.
https://lao.ca.gov/Publications/Report/5137

The 2026-27 Budget: Proposed Elimination of State Environmental Positions

Feb 17, 2026 - While eliminating vacancies could appear to be an easy way to achieve ongoing budgetary savings, in some cases doing so co uld undermine environmental departments ’ long-term capacity and ability to achieve the goals and tasks laid out for them in state law.
https://lao.ca.gov/Publications/Report/5124

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 - Civil penalties on covered co mpanies may be assessed as a percentage of annual gross revenue, beginning at 5 percent for initial violations and increasing to as much as 100 percent for violations that remain u ncured over specified time periods.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

Time limits, environmental reviews, and judicial reviews for certain types of infrastructure projects. [Ballot]

Dec 10, 2025 - Co nversely, if the project would have significant environmental impacts, some of which cannot be avoided or mitigated, the agency must develop a more detailed analysis of the environ mental effects known as an environmental impact report (EIR).
https://lao.ca.gov/BallotAnalysis/Initiative/2025-023

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091

Major Higher Education Budget Developments [EdBudget]

Nov 12, 2025 - Makes a major change to how the MCS program is funded by locking in award coverage, funding the program one year in arrears, and using a General Fund loan to pay for budget-year co sts. Rejects funding for College Corps and the California College of the Arts.
https://lao.ca.gov/Education/EdBudget/Details/1024

Major Higher Education Budget Developments [EdBudget]

Nov 5, 2025 - Makes a major change to how the MCS program is funded by locking in award coverage, funding the program one year in arrears, and using a General Fund loan to pay for budget-year co sts. Rejects funding for College Corps and the California College of the Arts.
https://lao.ca.gov/Education/EdBudget/Details/992