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

Oversight of certain nonprofit charities and related entities. [Ballot]

Jan 20, 2026 - If a member of the public wins their case, they may keep 25 percent to 50 percent of any civil penalties or other money awarded as well as attorney fees and costs. In contrast, an entity that wins would not be entitled to attorney fees and costs unless the court found the case had been filed unreasonably.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032

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

Contracting with attorneys. [Ballot]

Dec 17, 2025 - Payment on a contingency basis typically occurs only if an attorney wins or settles a case. After deducting up-front litigation costs (such as court fees), attorneys are paid an agreed-upon percentage of the money that their client receives after winning or settling the case.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-027

Disabled Veteran Business Enterprise Program Review

Dec 2, 2025 - (In  other words, the DVBE must actually perform work and cannot simply lend its certification to another business to help win a bid.) This is called a “commercially useful function ” or “CUF ” violation.
https://lao.ca.gov/Publications/Report/5095

Relating to attorney fees and medical damages in motor vehicle accident cases. [Ballot]

Nov 24, 2025 - Under this kind of contract, clients typicall y only pay their attorneys if they settle or win the case. Attorneys generally pay for up-front litigation costs related to the cases (such as court fees and evidence collection costs).
https://lao.ca.gov/BallotAnalysis/Initiative/2025-022

The 2025-26 California Spending Plan: Human Services

Nov 21, 2025 - CDSS = California Department of Social Services; CACFP = Child and Adult Care Food Program; EBT = Electronic Benefit Transfer; TEFAP = The Emergency Food Assistance Program; SNB = Supplemental Nutrition Benefit Program; TNB = Transitional Nutrition Benefit Program; SSI/SSP = Supplemental Security Income/State Supplementary Payment; and WINS = Work Incentive Nutritional Suppleme nt.
https://lao.ca.gov/Publications/Report/5086/3

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