The 2021-22 Budget: California Community Colleges

Feb 16, 2021 - Proposes to Double Ongoing Funding for CAI. Under the Governor ’s proposal, CAI would receive a $ 15  m illion ongoing augmentation in 2020 ‑21, bringing total ongoing funding to $ 30  m illion. The Governor proposes no other changes to CAI.
https://lao.ca.gov/Publications/Report/4372

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 2023-24 Budget: Racial and Identity Profiling Mandate

Feb 27, 2023 - While the full extent of how such da ta is used is unclear, there are clear examples where it has been used to generate research to further public discourse on racial and identity profiling. For example, the Public Policy Institute of California published reports on racial disparities in law enforcement stops in October 2021 and on racial disparities in traffic stops in October 2022 —both of which used this data.
https://lao.ca.gov/Publications/Report/4715

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

Home Prices Update: September 2021 [EconTax Blog]

Oct 20, 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/706

Climate Change Impacts Across California - Transportation

Apr 5, 2022 - These higher standards likely will require using more complex forecasting da ta, based not solely on historical flooding patterns, but also informed by changing and anticipated conditions. Existing Materials Likely Will Not Meet the Demands of Changing Conditions.
https://lao.ca.gov/Publications/Report/4576