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 2024-25 Budget: Judicial Branch

Feb 23, 2024 - Statewide Web Portal. As noted above, the judicial branch currently maintains a statewide web portal to help self-represented people navigate the court system. The 2018 ‑19 budget included $3.2  million General Fund in 2018 ‑19, declining to $709,000 annually beginning in 2020 ‑21, to construct and maintain this web portal.
https://lao.ca.gov/Publications/Report/4848

Examining California's Income Tax Withholding Growth by Sector [EconTax Blog]

Jun 9, 2021 - Professional/technical services, computer equipment, web search, and software all make the list, and we note that the vehicle sector includes Tesla and that the warehousing sector includes many Amazon facilities.
https://lao.ca.gov/LAOEconTax/Article/Detail/662

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'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

The 2021-22 Budget: Trial Court Operations Proposals

Feb 11, 2021 - For example, the 2018 ‑ 19 b udget also included $3. 2  m illion General Fund in 2018 ‑19, declining to $709,000 annually beginning in 2020 ‑21, for the judicial branch to design, build, and maintain an e ‑services web portal for self ‑represented individuals.
https://lao.ca.gov/Publications/Report/4362

The 2023-24 Budget: Commission on Peace Officer Standards and Training—Office of Administrative Hearing Costs

Feb 13, 2023 - As of January 2023, POST had filled roughly one-third of its 16 positions in the Intake and Disposition bureau, which is responsible for analyzing and evaluating complaints received from the public and serious misconduct allegations received from l aw enforcement agencies.
https://lao.ca.gov/Publications/Report/4677

Building California’s Behavioral Health Infrastructure: Progress Update and Opportunities for the Proposition 1 Bond

Feb 5, 2025 - The administration is working to allocate the bond funding quickly, with plans to aw ard up to $3.3  billion in May 2025 and a stated commitment to award all funding by 2026. This leaves a brief window in which the Legislature can conduct oversight of the program and influence the administration ’s program administration decisions.
https://lao.ca.gov/Publications/Report/4954