How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - This Time Might Be Different, but It Is Not Safe to Bet on It.   As our office warned last November, it now appears time to take seriously the notion that the stock market has become overheated. While there is a chance that this time is different and no such downturn is forthcoming, the risk appears strong enough that we have incorporated it into the state 's revenue outlook.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - This Time Might Be Different, but It Is Not Safe to Bet on It.   As our office warned last November, it now appears time to take seriously the notion that the stock market has become overheated. While there is a chance that this time is different and no such downturn is forthcoming, the risk appears strong enough that we have incorporated it into the state 's revenue outlook.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

Online sports wagering. [Ballot]

Oct 20, 2021 - Assuming this measure appears on the November 2022 ballot and is approved b y voters, this authorization would begin January 1, 2023, with wagering becoming publicly available no later than the end of August 2023.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-017

Gaming. [Ballot]

Dec 18, 2023 - It also prohibits banking and percentage games played with cards, dice, or other devices for monetary benefit (such as roulette and craps). Banking games generally involve players betting against the “house, ” who is a participant in the game with an interest in the outcome, and percentage games generally involve the house receiving a percentage of the money involved in the game.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-030

Tribal gaming. [Ballot]

Dec 27, 2021 - It also prohibits banking and percentage games played with cards, dice, or other devices for monetary benefit (such as roulette and craps). Banking games generally involve players betting against the “house, ” who is a participant in the game with an interest in the outcome, and percentage games generally involve the house receiving a percentage of the money involved in the game.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-039

Sports wagering. [Ballot]

Dec 18, 2023 - Key details of the bill and/or compacts that could significantly impact the magnitude of the fiscal effects include: the specific sports wagering activities which are authorized (such as whether both in-person and online sports wagering are permitted as well as the types of games that may be bet upon), the regulatory structure adopted, and the specific payments required.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-031

California gaming activities. [Ballot]

Oct 1, 2021 - Banking games generally involve players betting against the “house, ” who is a participant in the game with an interest in the outcome, and percentage games generally involve the house receiving a percentage of money involved in the game.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-009

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - This Time Might Be Different, but It Is Not Safe to Bet on It. With so much enthusiasm surrounding AI, it now appears time to take seriously the notion that the stock market has become overheated. History suggests that the stock market is prone to overreact to major technological advances, even if the technology itself turns out to be revolutionary.
https://lao.ca.gov/Publications/Report/5091

Recent Trends in Young Adult Mortality

Dec 10, 2024 - After every fatal crash, law enforcement agencies determine which type of traffic violation was the “primary collision factor ” leading to the crash. As noted above, many factors can contribute to crashes, some of which fit neatly into this framework and some of which do not.
https://lao.ca.gov/Publications/Report/4945

The 2026-27 Budget: Department of Developmental Services

Mar 13, 2026 - Unlike other states, California does not impose a cap on the number of individuals that can be served through DDS and therefore does not maintain a waitlist for individuals to be evaluated and become eligible to receive services.
https://lao.ca.gov/Publications/Report/5157