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 2026-27 Budget: California Education Learning Lab

Mar 25, 2026 - These more fundamental accountability and fiscal pr ovisions likely translate into the segments ’ efforts having a more pervasive impact than Learning Lab. Faculty Can Access Similar Funding Through Federal Grants.
https://lao.ca.gov/Publications/Report/5171

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

The 2024-25 Budget: Deficit Update

Feb 20, 2024 - First, when this one-time and temporary spending was adopted, it was understood that doing so would pr ovide a cushion for future budget problems. For example, the administration frequently displayed “operating surpluses ” in its multiyear forecasts excluding this type of spending —implying that the administration understood that the state could not afford all of the commitments under its own projections, but the state could afford the ongoing budget.
https://lao.ca.gov/Publications/Report/4850

The 2024-25 Budget: Food Assistance Programs

Feb 16, 2024 - The federal government helps manage an Electronic Benefits Transfer (EBT) system which deposits monthly benefits for CalFresh and other human services pr ograms onto cards to be used at grocery and convenience store checkout counters.
https://lao.ca.gov/Publications/Report/4845

Managed care organization tax. [Ballot]

Oct 27, 2023 - California law requires D HCS to submit a plan to increase service levels in specified categories and states intent for the Legislature to make these decisions as part of the annual state budget approval pr ocess in 2024.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-024

The 2025-26 Budget: Food Assistance Programs

Feb 19, 2025 - The federal government helps manage an Electronic Benefits Transfer (EBT) system which deposits monthly benefits for CalFresh and other human services pr ograms onto cards to be used at grocery and convenience store checkout counters.
https://lao.ca.gov/Publications/Report/4971

Psilocybin legalization. [Ballot]

Jun 29, 2023 - However, the measure would increase state and local government costs due to pr ocessing petitions for the sealing of psilocybin-related convictions. In total, we estimate that the measure would likely result in a net reduction in costs of less than a few mill ion dollars annually.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-004

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - After implementation of the accreditation pr ocess, some CCSPP requirements —such as expenditure reports and sustainability plans —may become duplicative or unnecessary. Phase in Eligibility Over Time.
https://lao.ca.gov/Publications/Report/5131