How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Smaller, short-lived corrections occur frequently, among them the 1997 Asian financial crisis, the 2011 U.S. debt celing standoff, the 2015 Chinese growth slowdown, the early pandemic drop in 2020, and the 2025 tariff selloff.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Smaller, short-lived corrections occur frequently, among them the 1997 Asian financial crisis, the 2011 U.S. debt celing standoff, the 2015 Chinese growth slowdown, the early pandemic drop in 2020, and the 2025 tariff selloff.
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: University of California

Feb 26, 2026 - Between 2015 ‑16 and 2024 ‑25, UC ’s FTE workforce increased by an annual average of 2.4  percent, while its FTE enrollment rose by 1.9  percent. As a result, the student ‑to ‑employee ratio declined slightly over the period (from 2.2 to 2.1).
https://lao.ca.gov/Publications/Report/5143

Assessment of the Strong Workforce Program

Dec 10, 2025 - Figure 11 Earnings Improvements Vary Somewhat by Region Median Change in Earnings for CCC CTE Students 2015 ‑16 a 2022 ‑23 Compared to 2015 ‑16 b San Diego/Imperial
https://lao.ca.gov/Publications/Report/5098

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - Total caseload (of Early Start and Lanterman caseload, excluding presumptive eligibility) has increased from about 280,000  individuals served in 2015 to about 460,000 individuals served in 2025. This represents about a 60  percent increase.
https://lao.ca.gov/Publications/Report/5157

The 2025-26 California Spending Plan: Human Services

Nov 21, 2025 - Since its inception in 2015, One California, also known as the Immigration Services Funding (ISF) program, has funded non-profit organizations to provide free services to immigrants under three broad categories: (1)  legal services, (2)  education and outreach, and (3)  legal training and technical assistance.
https://lao.ca.gov/Publications/Report/5086/8

The 2026-27 Budget: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - In 2015, the Legislature directed the Office of Emergency Services (OES) to develop a plan for transitioning to Next Generation 911. Initially, OES adopted a regional approach for the project consisting of four regional networks and a single statewide back ‑up provider, intended to enhance resiliency of the system.
https://lao.ca.gov/Publications/Report/5145

Refocusing the Workers’ Compensation Subsequent Injury Program

Jul 10, 2025 - As such, the case inventory was growing by about  500  cases per year, with about 7,000 pending cases as of 2015. Beginning in 2015, however, the number of incoming claims began to vastly outnumber the state ’s processing capacity, with the state processing only one ‑fifth of incoming claims each year.
https://lao.ca.gov/Publications/Report/5062

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