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

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 2026-27 Budget: California Public Utilities Commission’s Implementation of AB 1207

Feb 10, 2026 - These free allowances are intended to protect electric consumers from significant cost increases associated with the program. To that end, utilities are required to consign most of these free allowances to auction and use the proceeds to provide rebates to consumer s, known as the “California Climate Credit. ” These rebates currently are provided to residential customers each year in April and October.
https://lao.ca.gov/Publications/Report/5120

Assessing California’s Climate Policies—Cap-and-Trade Reauthorization

May 7, 2025 - For example, currently, some of the allowances are allocated to utilities for free. These utilities are required to consign most of these free allowances to auction and use the resulting revenues to provide customer rebates.
https://lao.ca.gov/Publications/Report/5042

The right to boycott or engage in other activities to express opposition to the policies of the state of Israel toward Palestinians. [Ballot]

Sep 30, 2025 - State law and policies can also provide some constraints —such as to ensure that the expression of free speech or the right to assemble does not result in violence, harassment, or intimidation of others.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-011

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

The 2025-26 Budget: School Nutrition

Mar 4, 2025 - State law sets a state rate for free meals, which supplements the federal rate for free meals. For paid and reduced ‑priced meals, the state provides funds to match the combined state and federal rate for free meals.
https://lao.ca.gov/Publications/Report/5001

The 2025-26 California Spending Plan: Human Services

Nov 21, 2025 - Since its inception in 2015, One California, also known as the Immigration Services Funding (ISF) program, has funded non-profit organizations to provide free services to immigrants under three broad categories: (1)  legal services, (2)  education and outreach, and (3)  legal training and technical assistance.
https://lao.ca.gov/Publications/Report/5086/8