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 2026-27 Budget: Governor’s Office of Land Use and Climate Innovation Proposals

Mar 19, 2026 - For example, providing less funding for land use policy staff might mean the office tak es longer to respond to CEQA-related requests for technical assistance. If it needs to provide less funding, the Legislature could also consider revisiting LCI ’s statutory requirements, time lines, and associated resource needs —for example, by reducing expectations around how the office should implement the CalHeatScore extreme heat ranking.
https://lao.ca.gov/Publications/Report/5167

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - The 2024-25 Budget: Overview of the Governor's Budget $3,135 $4,677 BCH = Secretary for Business, Consumer Services, and Housing Agency; HHAPP = Homeless Housing, Assistance, and Prevention Program; FHC = Family Homelessness Challenge Grants; BSCC  =  Board of State and Community Corrections; CalFire = California Department of Forestry and Fire Protection; CalRecycle = California Department of
https://lao.ca.gov/Publications/Report/4825/1

Home building and downpayment assistance. [Ballot]

Oct 6, 2025 - Eligible homes could include single family dwellings, condominiums, townhouses, or certain other typ es of homes. The measure sets a maximum purchase price for a home financed with a middle-class homeownership loan, which in 2025 is roughly equivalent to between $1  million to $1.5  million depending on the county.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-013

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - In negotiating salary increases with their local unions, districts typically account for a number of factors, including the COLA the state is providing for apportionments, changes in housing and other costs for employe es, salary competitiveness, and the need to address non ‑salary cost pressures.
https://lao.ca.gov/Publications/Report/5150

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 2026-27 Budget: Office of Emergency Services Next Generation 911 System

Feb 27, 2026 - This analysis should compare the options based on the key parameters described above (such as cost and effectiveness of addressing the problems encountered to date) as well as any others deemed relevant by O ES.
https://lao.ca.gov/Publications/Report/5145

The 2024-25 Budget: Department of Cannabis Control—Legal and Administrative Hearing Costs

Mar 4, 2024 - State agenci es, including DCC, generally pay for these costs from their own budgets. The 2021-22 Budget Act provided DCC with $2.7  million annually for three years to support its costs for DOJ legal services.
https://lao.ca.gov/Publications/Report/4869