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: Department of Justice

Feb 11, 2026 - As of July 2027, it also requires the licensed firearms dealer check that a purchaser is allowed to possess firearms and record certain information, such as the date of the purchase. It also directs DOJ require licensed firearms dealers charge a fee of up to $5 per check (not to exceed actual processing costs).
https://lao.ca.gov/Publications/Report/5118

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

Rideshare companies. [Ballot]

Dec 17, 2025 - Such background checks typically are processed by a government agency with associated costs covered by fees charged for each check. While current law requires rideshare companies to conduct background checks on their drivers before hiring —and annually for all active drivers —it does not require that they undergo fingerprint background checks through DOJ.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-029

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

Considering Medi-Cal in the Midst of a Changing Fiscal and Policy Landscape

Oct 24, 2025 - States must also submit enrollees ’ social security numbers to CMS monthly so that the federal administration can check for duplicate enrollment across states. Additionally, states must conduct quarterly reviews to ensure that deceased individuals do not remain enrolled in  Medicaid.
https://lao.ca.gov/Publications/Report/5083

The 2025-26 California Spending Plan: Judiciary and Criminal Justice

Oct 24, 2025 - This includes $9.2  million in 2025-26 (decreasing to $8.9  million annually beginning in 2027-28) from the Fingerprint Fees Account to support increased background check workload. Of this amount, $5.2  million is an ongoing increase in reimbursement authority to pay the federal government to process such checks.
https://lao.ca.gov/Publications/Report/5085

The 2025-26 California Spending Plan: Transportation

Oct 16, 2025 - The budget also includes (1) $10  million from MVA on a one-time basis to design and develop a State-to-State Verification System pursuant to federal requirements, with a provision that the system shall not be activated to transmit or share data unless specifically authorized by statute prior to July 1, 2026; (2) $4.9  million in 2025-26 (and $3.5  million in 2026-27 and ongoing) from the Truck
https://lao.ca.gov/Publications/Report/5077