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 2025-26 Budget: Judicial Branch

Feb 12, 2025 - Its internal committees acted in January to recommend Judicial Council restore the funding by revising the $97  million reduction downward to a $55  million reduction. This revised reduction was recommended to be allocated to the trial courts using the workload formula and methodology that was used for the $97  million reduction.
https://lao.ca.gov/Publications/Report/4959

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

2022-23 Changes in Proposition 98 Spending [EdBudget]

Jan 14, 2022 - 2022-23 Changes in Proposition 98 Spending [EdBudget]   a Applies to special education, child nutrition, and K-12 mandates block grant. b Applies to the Foster Youth Program, American Indian Early Childhood Education, Special Education, State Preschool, Child Nutrition, Child and Adult Care Food Program, Charter School Facility Grant Program, American Indian Education Centers, and K-12 mandates
https://lao.ca.gov/Education/EdBudget/Details/585

The 2022-23 Budget: Hastings College of the Law

May 10, 2022 - Of the school ’s approximately 1,100 students in 2021 ‑22, 97  percent are enrolled in Hastings ’ Juris Doctor (JD) program (the most common degree students pursue to enter the legal field). The school also offers two law ‑related master ’s programs and, in 2022 ‑23, is launching a third master ’s program —a joint Health Policy and Law program with UC San Francisco.
https://lao.ca.gov/Publications/Report/4593

The 2024-25 California Spending Plan: Human Services

Oct 2, 2024 - With these reductions, the spending plan provides about $97  million for ESE in 2024-25. Additionally, the spending plan adopts trailer bill language that requires the California Department of Social Services (CDSS) to include data on ESE employers by county and ESE participant outcomes after program exit in its annual CalWORKs summary (to the extent data are available and reportable).
https://lao.ca.gov/Publications/Report/4933/2

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 2022-23 California Spending Plan: Health

Oct 24, 2022 - Eliminate Certain AB  97 Provider Rate Reductions. The spending plan includes $9  million General Fund ($19.6  million total funds) to eliminate certain provider rate reductions (commonly referred to as the “AB  97 provider rate reductions ”), including those for nurses, chronic dialysis clinics, respiratory care providers, blood banks, psychologists, and various others.
https://lao.ca.gov/Publications/Report/4642

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