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 2024-25 Budget: Department of Justice

Feb 9, 2024 - As shown in Figure  2, these monies will be transferred to four DOJ special funds —the UCL Fund ($263  million), the FCA Fund ($100  million), the PRLESF ($64  million), and the Antitrust Account ($57  million) —and will be available to support DOJ litigation-related costs.
https://lao.ca.gov/Publications/Report/4831

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 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 2022-23 Budget: Commission on Peace Officer Standards and Training

Jan 31, 2022 - The budget proposes a total of 263 positions for POST in 2022 ‑23, an increase of 127 positions (93  percent) above the revised 2021 ‑22 level. The proposed increase in resources is largely related to the two proposals we describe below.
https://lao.ca.gov/Publications/Report/4507

The 2022-23 Budget: Judicial Branch Proposals

Feb 3, 2022 - Figure 5 $263 Million Proposed by Governor for Trial Court Construction Projects (In Millions)
https://lao.ca.gov/Publications/Report/4513

The 2025-26 California Spending Plan: Natural Resources and Environmental Protection

Oct 16, 2025 - Figure 2 263 409 a Includes the Environmental Protection Agency, Office of Environmental Health Hazard Assessment, and general obligation bond debt service. Note: Totals may not add due to rounding. CalRecycle = California Department of Resources Recycling and Recovery.
https://lao.ca.gov/Publications/Report/5080

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

Home Price Update: October 2021 [EconTax Blog]

Nov 18, 2021 - Previous recessions have had disparate effects on home prices: they were largely unaffected by the collapse of the dot-com bubble in 2001, while in the late 2000s the collapse of the housing bubble was the single biggest factor that led to the financial crisis.
https://lao.ca.gov/LAOEconTax/Article/Detail/714