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

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

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: Bureau for Private Postsecondary Education

Mar 25, 2026 - Consistent with that report, BPPE is now seeking legislative approval for fee increases as part of its sunset review t his spring. Most notably, under BPPE ’s proposal, the annual fee would increase to 0.75  percent of each campus ’s total revenue from California students, with a minimum fee of $4,000 and a maximum fee of $80,000 per campus.
https://lao.ca.gov/Publications/Report/5169

Time limits, environmental reviews, and judicial reviews for certain types of infrastructure projects. [Ballot]

Dec 10, 2025 - Third, the measure would allow the court to temporarily stop any part of an essential project t hat posed a public safety risk (until the issue was addressed), but would not allow the court to stop the project overall.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-023

The 2026-27 Budget: Food Assistance Programs

Feb 18, 2026 - Of these, about 665,500 are estimated t o not meet the requirement, becoming at risk of losing food assistance. Any discontinuances would gradually occur over 12 months as affected recipients undergo annual recertification.
https://lao.ca.gov/Publications/Report/5126

Elections in California. [Ballot]

Nov 3, 2025 - Costs for the state could be in t he low millions of dollars for printing and mailing costs associated with the Voter Information Guide for each statewide election cycle . Costs for county governments would depend on whether the additional initiatives would require county elections officials to use more pages for the ballot.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-019

Contracting with attorneys. [Ballot]

Dec 17, 2025 - People may also pay for a private attorney t o assist with legal matters that do not involve the courts, such as assistance with writing a will or entering into a business contract. Attorneys Can Be Paid in Various Ways.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-027

Oversight of certain frontier artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - If initial registration fees are insufficient to establish the commission, the State Controller may advance up to $10 million from the General Fund, to be repaid with interes t within three years of the first annual assessments.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-034