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: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - Governor’s Proposal Proposes $200   Million and Budget Trailer Legislation to Create New ZEV Incentive Program. The Governor proposes $200  million on a one ‑time basis ($115  million from GGRF and $85  million from APCF), along with associated budget trailer legislation to create a new incentive program for light ‑duty ZEVs.
https://lao.ca.gov/Publications/Report/5140

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: Proposed Zero-Emission Vehicle Incentive [Publication Details]

Feb 24, 2026 - In this piece, we review the Governor's proposal to provide $200 million to create a new point-of-sale incentive program for light-duty zero-emission vehicles.
https://lao.ca.gov/Publications/Detail/5140

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - Operating excess inpatient beds at this scale costs the state over $200 million each year and requires that the state maintain many mental health positions more than the projections show are necessary.
https://lao.ca.gov/Publications/Report/5134

California labor law violations. [Ballot]

Nov 23, 2021 - On the other hand, trial courts could receive an increased number of appeals of Labor Com missioner decisions or an increased number of class-action lawsuits or other civil filings that otherwise would have been pursued as PAGA lawsuits.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-027

The 2026-27 Budget: Food Assistance Programs

Feb 18, 2026 - To be eligible, households generally must earn less than 200  percent of the federal poverty level. CalFresh benefits can be used to buy most groceries and some prepared food at participating vendors, which include most grocery and convenience stores.
https://lao.ca.gov/Publications/Report/5126

January 2025 Los Angeles Wildfires Impact on Local Property Tax Revenues [EconTax Blog]

Feb 10, 2025 - We estimate that this executive order affects 218,000 parcels with over $200 billion in assessed value.  
https://lao.ca.gov/LAOEconTax/Article/Detail/819

The 2023-24 California Spending Plan: Human Services

Nov 6, 2023 - The budget package reverts $200  million from LIHWAP to the California Emergency Relief Fund, and reallocates those funds back to the California Water and Wastewater Arrearage Payment Program (CWWAPP) administered by the State Water Resources Control Board.
https://lao.ca.gov/Publications/Report/4812/7