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

Property tax assessment. [Ballot]

Oct 15, 2021 - Instead, the state General Fund would transfer money to schools and local gov ernments to cover their losses from the other recent changes. Fiscal Effects Increased State Costs to Cover Other Property Tax Revenue Losses.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-015

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: 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

Managed care organization tax. [Ballot]

Oct 27, 2023 - The federal gov ernment has not yet indicated whether it will approve the tax. If the federal government does not approve the tax, the DHCS would need to restructure the tax and resubmit it to the federal government, likely affecting how much money the tax raises.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-024

Chronic dialysis clinics. [Ballot]

Oct 14, 2021 - Most CDCs operate under a gov erning entity that owns/operates multiple CDCs such that the governing entity could spread costs across multiple locations. Governing entities might respond in one or more of the f ollowing ways: Negotiate Increased Rates With Payers.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-013

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

The 2021-22 Budget: Educator Workforce Proposals

Feb 19, 2021 - Unlike previous funding, the Gov ernor ’s proposal does not allocate a specific amount of funding for each shortage area. (The initial funding for the program provided $ 50  m illion for special education and $ 25  m illion for both STEM and bilingual education.)
https://lao.ca.gov/Publications/Report/4381