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 State University

Feb 24, 2026 - The cost of a 1  percent salary increase is approximately  $59  million. Cover cost increases related to active employee health benefits. Specifically, employee health premiums are expected to increase by $21  million in 2026 ‑27.
https://lao.ca.gov/Publications/Report/5142

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 - 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 2026-27 Budget: Medi-Cal Fiscal Outlook

Nov 19, 2025 - Most notably, the state will freeze eligibility for comprehensive coverage (for undocumented adults only) and charge monthly premiums on those who remain in comprehensive coverage (for all adults with UIS, ages 19 ‑59 years old).
https://lao.ca.gov/Publications/Report/5092

Trends in CalWORKs: Participant Characteristics

Jun 16, 2025 - About 59  percent of families in poverty were Hispanic. By comparison, no one racial/ethnic group made up the majority of all California families, although Hispanic was the single largest racial/ethnic group among all California families at about 43  percent.
https://lao.ca.gov/Publications/Report/5057

Rethinking California's Reserve Policy

Apr 10, 2025 - In March of 2004, on the heels of the dot ‑com bust, voters passed Proposition  58, which created the Budget Stabilization Account (BSA). In the 2006 ‑07 budget, the Legislature deposited $472  million into the BSA and in 2007 ‑08 deposited $1.5  billion.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: In-Home Supportive Services

Mar 6, 2025 - In the most recent months of available data (January 2024 to June 2024), the 26-49 expansion age group has had an average utilization rate of 59  percent, while the 50 and above expansion age group has experienced an average utilization rate of 70  percent.
https://lao.ca.gov/Publications/Report/5009