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 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Changes made to the program in 2018 likely explain much of this trend. Specifically, the 2018 budget package: Removed a requirement that 25  percent of credits be reserved for businesses with less than $2  million in annual revenue.
https://lao.ca.gov/Publications/Report/5162

California New Car Registrations: January 2026 [EconTax Blog]

Mar 11, 2026 - Figure 1 below shows the statewide number of new car registrations from January 2018 through January 2026. This is a good proxy for the number of cars purchased by California residents. Slump in Registrations Continued Through January.
https://lao.ca.gov/LAOEconTax/Article/Detail/853

California New Car Registrations: January 2026 [EconTax Blog]

Mar 11, 2026 - Figure 1 below shows the statewide number of new car registrations from January 2018 through January 2026. This is a good proxy for the number of cars purchased by California residents. Slump in Registrations Continued Through January.
https://lao.ca.gov/LAOEconTax/article/Detail/853

The Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight

Mar 18, 2026 - The  2018 amendment revised the salinity objective in the Southern Delta. …But Implementation Has Yet to Begin. SWRCB has delayed implementing 2018 phase one amendments for two related reasons: litigation and consideration of a VA.
https://lao.ca.gov/Publications/Report/5163

The 2026-27 Budget: Bureau for Private Postsecondary Education

Mar 25, 2026 - Those changes were fully implemented by July 1, 2018. Since then, revenues in the BPPE Fund have been roughly flat in unadjusted dollars. Adjusting for inflation, revenues were 18  percent lower in 2024-25 than in 2018-19.
https://lao.ca.gov/Publications/Report/5169

The 2026-27 Budget: California Education Learning Lab

Mar 25, 2026 - In 2018, the state established Learning Lab. The purpose of Learning Lab is to improve learning outcomes and help close equity gaps, particularly in STEM, at California ’s public higher education segments.
https://lao.ca.gov/Publications/Report/5171

California New Car Registrations: December 2025 [EconTax Blog]

Feb 9, 2026 - Figure 1 below shows the statewide number of new car registrations from January 2018 through December 2025. This is a good proxy for the number of cars purchased by California residents. Registrations Fell Slightly in December.
https://lao.ca.gov/LAOEconTax/article/Detail/848