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: In-Home Supportive Services

Mar 18, 2026 - In 2019, DOF found that 1991  Realignment could no longer support the county costs of IHSS. As a result, in 2019 ‑20, the 2017 MOE was eliminated and replaced with the current IHSS MOE structure —referred to as the 2019 IHSS MOE.
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: Judicial Branch

Feb 11, 2026 - Similarly, while most of the remaining projects on the 2019 list have not been reassessed, the costs of projects in other parts of the state are likely increasing. For example, the 2019 assessment estimated the new Fresno Courthouse project would cost $483  million.
https://lao.ca.gov/Publications/Report/5113

California New Car Registrations: December 2025 [EconTax Blog]

Feb 9, 2026 - For example, registrations in December 2025 were 13 percent lower than in December 2019.  
https://lao.ca.gov/LAOEconTax/article/Detail/848

California New Car Registrations: December 2025 [EconTax Blog]

Feb 9, 2026 - For example, registrations in December 2025 were 13 percent lower than in December 2019.  
https://lao.ca.gov/LAOEconTax/Article/Detail/848

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - Figure 5 Certain Categorical Programs Have Received a COLA in Recent Years 2019 ‑20
https://lao.ca.gov/Publications/Report/5150

The 2026-27 Budget: California Highway Patrol Proposals

Mar 6, 2026 - Specifically, while the vacancy rate was 2.8  percent in 2019, it then rose to over 9  percent in 2021, and remained at 6.6  percent as of 2024, per the most recent data available. (The total number of authorized officer positions for the department has remained roughly the same since 2012.)
https://lao.ca.gov/Publications/Report/5152

The 2026-27 Budget: Department of Justice

Feb 11, 2026 - DROS Special Account expenditures routinely exceeded revenues prior to 2019-20 —resulting in the decline of the fund balance. To help ensure sufficient revenues would be available to support BOF workload, Chapter  736 of 2019 (AB  1669, Bonta) enabled DOJ to increase the DROS fee charged from $19 to $31.19.
https://lao.ca.gov/Publications/Report/5118