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

Overview of American Rescue Plan: Implications for California [Publication Details]

Mar 18, 2021 - Presented to: Assembly Subcommittee No. 6 on Budget Process, Oversight and Program Evaluation Hon. Philip Y. Ting, Chair
https://lao.ca.gov/Publications/Detail/4405

Relating to attorney fees and medical damages in motor vehicle accident cases. [Ballot]

Nov 24, 2025 - Under this kind of contract, clients typicall y only pay their attorneys if they settle or win the case. Attorneys generally pay for up-front litigation costs related to the cases (such as court fees and evidence collection costs).
https://lao.ca.gov/BallotAnalysis/Initiative/2025-022

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 2025-26 California Spending Plan: Human Services

Nov 21, 2025 - After completing initial required job search activities, WTW participants (who had not gained employment via job search) generally participated in a skills and education assessment and worked with county staff to develop a WTW plan (during which they identified longer term WTW activities to participate in, such as education or training, communit y service, and subsidized employment).
https://lao.ca.gov/Publications/Report/5086/2

The 2025-26 Budget: Concession Bargaining

May 19, 2025 - The proposed control section would authorize the administration to impose reductions of any amount through any policy if reductions are not established under a collective bargaining agreement by Jul y 1, 2025.
https://lao.ca.gov/Publications/Report/5047

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

Follow-up Evaluation of the District of Choice Program

Feb 1, 2021 - For a district that begins school in late August, the Januar y 1 d eadline comes nearly eight months before the start of the school year. Interviewees indicated some students have not yet begun considering their options by this point.
https://lao.ca.gov/Publications/Report/4329