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 2025-26 Budget: Transportation Proposals

Feb 12, 2025 - Some of the major expenditure cost drivers have included (1)  increased employee compensation costs which have been driven by both increases to staffing levels and growing salary and benefit costs at CHP, (2)  workload related to the issuance of new driver licenses and ID cards that comply with federal standards (commonly referred to as “REAL IDs), ” and (3)  supplemental pension plan repayments that began in 2019 ‑20.
https://lao.ca.gov/Publications/Report/4961

The 2022-23 Budget: Assessing Proposals to Address Unemployment Insurance Fraud

Feb 15, 2022 - The continued decline in new PUA claims after the state instituted ID. me —as shown in Figure  2 above —suggests that ID.me may have further reduced the viability of fraudulent claims. …But Took Other Actions Inconsistent With Strike Team Call to Reassess Stance on Fraud.
https://lao.ca.gov/Publications/Report/4542

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 2023-24 Budget: Scholarshare Investment Board

Mar 7, 2023 - To access funds in a CalK IDS account, a family must register on SIB ’s online portal. Once the child goes to college, the funds in their CalKIDS account can be spent on qualified higher education expenses —generally tuition and fees, books and supplies, computer equipment, and room and board costs.
https://lao.ca.gov/Publications/Report/4731

The 2024-25 Budget: Insolvency Risks for Environmental and Transportation Special Funds

Feb 27, 2024 - Some of the major expenditure cost drivers have included (1)  replacement of older CHP area offices and DMV field offices, (2)  increased employee compensation costs —which have been driven by both increases to staffing levels and growing salary and benefit costs at CHP, (3)  workload related to the issuance of new driver licenses and ID cards that comply with federal standards
https://lao.ca.gov/Publications/Report/4858

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 2023-24 Budget: Commission on Peace Officer Standards and Training—Office of Administrative Hearing Costs

Feb 13, 2023 - As of January 2023, POST had filled roughly one-third of its 16 positions in the Intake and Disposition bureau, which is responsible for analyzing and evaluating complaints received from the public and serious misconduct allegations received from l aw enforcement agencies.
https://lao.ca.gov/Publications/Report/4677