Tribal gaming. [Ballot]

Dec 27, 2021 - This is because a federal court previously determined that the payments required by certain tribal-state com pacts into the state ’s General Fund for use at the state ’s discretion generally were an illegal tax prohibited under federal law.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-039

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Other downturns, such as the 2001 so-called dot-com recession, had severe fiscal implications while inflicting somewhat milder economic damage. The 2008 Great Recession had brutal effects on both the state ’s economy and budget.
https://lao.ca.gov/Publications/Report/4762

The 2023-24 Budget: May Revenue Outlook [EconTax Blog]

May 13, 2023 - In the last 30 years, comparable two-quarter declines have occurred only around the Dot-Com Recession and the Great Recession. Similarly, income tax withholding (the largest component of income tax collections) has declined 5 percent so far this year, a stark departure from the double digit growth of the preceding two years.
https://lao.ca.gov/LAOEconTax/Article/Detail/774

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Despite our view that there is a strong possibility of a market downturn, however, our revenue forecast does not assume one will occur. Rather, we ’ve incorporated the elevated risk of a downturn into our estimates.
https://lao.ca.gov/Publications/Report/5104

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 2025-26 Budget: CalAIM Enhanced Care Management and Community Supports Implementation Update

Mar 6, 2025 - PATH Initiative Provides Funding to Help Providers Participate in CalAIM. The state received approval under the waiver to provide $1.85  billion in total funds (incorporating the federal match) for the PATH initiative.
https://lao.ca.gov/Publications/Report/5003

The 2025-26 California Spending Plan: Transportation

Oct 16, 2025 - The budget also provides Caltrans with $17.6  million on a one-time basis from the State Highway Account for the Games Route Network and other related highway improvements. Additionally, SB  128 appropriates $1,000 from the State Highway Account for Caltrans to fund capital projects that support the Games Route Network.
https://lao.ca.gov/Publications/Report/5077

Emergency shutdown orders. [Ballot]

Oct 20, 2021 - Ordering the evacuation of communities in the path of wildfires. Establishing curfews in response to civil unrest. Preventing people from accessing hazardous areas until a public health issue, such as toxic contamination, is addressed.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-018

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - It remains to be seen whether this will occur, but there are some conceivable paths toward broader improvements. One path is falling interest rates and expansion of money available for lending and investment.
https://lao.ca.gov/Publications/Report/4939