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

Mar 9, 2026 - Revenues regained their nominal levels in 55 months after the dot-com bubble, 53 months following the global financial crisis, and 40 months after the 2022 rate hike drawdown. Multi-year revenue declines amplify the strain on the state budget during major market downturns.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - Revenues regained their nominal levels in 55 months after the dot-com bubble, 53 months following the global financial crisis, and 40 months after the 2022 rate hike drawdown. Multi-year revenue declines amplify the strain on the state budget during major market downturns.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Moreover, investors have been aggressive in taking on high levels of margin debt (borrowing to buy stocks), which has reached approximately three times the historical norm. These and other indicators are at levels previously only seen at times when the market was approaching a peak before entering a period of retrenchment.
https://lao.ca.gov/Publications/Report/5104

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - If such changes affect company profits or employment levels in California, it would affect state and local tax revenues. Whether this woul d occur is uncertain. Summary of Major Fiscal Effects. 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 2025-26 Budget: Educator Workforce

Mar 7, 2025 - The research suggesting math coaches are an effective strategy is specific to the elementary grades. Elementary school teachers likely benefit most from the subject matter expertise of a math coach, as they typically do not have the same level of subject matter expertise as middle and high school math teachers.
https://lao.ca.gov/Publications/Report/5012

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

The 2025-26 California Spending Plan: Proposition 98 and K-12 Education

Nov 10, 2025 - Establishes Literacy and Math Networks. The budget provides $15  million for the California Collaborative for Educational Excellence to convene statewide literacy and math networks through the 2029-30 fiscal year.
https://lao.ca.gov/Publications/Report/5087

Home Price Update: October 2021 [EconTax Blog]

Nov 18, 2021 - High materials prices, low interest rates that make monthly mortgage payments more affordable (all else equal), low inventory levels, and possibly the pandemic-driven shift to remote work have contributed to the price increases.
https://lao.ca.gov/LAOEconTax/Article/Detail/714

Home Prices Update: September 2021 [EconTax Blog]

Oct 20, 2021 - High materials prices, low interest rates that make monthly mortgage payments more affordable (all else equal), low inventory levels, and possibly the pandemic-driven shift to remote work have contributed to the price increases.
https://lao.ca.gov/LAOEconTax/Article/Detail/706

California Community Colleges Capital Outlay Projects [EdBudget]

Mar 10, 2026 - STEM = science, technology, engineering, and math. DB = design-build. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Education/EdBudget/Details/1025