Special taxes. [Ballot]

Jan 27, 2026 - In contrast, a special tax is a tax levied on a specific good (for example, tobacco or fuel) or activity (for example, waste disposal or energy use) to raise revenue for a specific state prog ram. Taxes can be raised by the Legislature, by a two-thirds vote, or by voters with a majority vote.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-040

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

Assessment of the Strong Workforce Program

Dec 10, 2025 - Other categorical programs fund specific types of CTE programs, including apprenticeships (prog rams that combine paid on ‑the ‑job training with related classroom instruction), noncredit programs, online programs, and nursing programs.
https://lao.ca.gov/Publications/Report/5098

The 2025-26 Budget: In-Home Supportive Services

Mar 6, 2025 - In order to qualify for IHSS, a recipient must be aged, blind, or disabled, and in most cases have income below the level necessary to qualify for the Supplemental Security Income/State Supplementary Payment cash assistance prog ram (for example, about $1,207 a month for an aged and/or disabled individual living independently in 2024-25).
https://lao.ca.gov/Publications/Report/5009

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'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 2024-25 Budget: In-Home Supportive Services

Feb 29, 2024 - In order to qualify for IHSS, a recipient must be aged, blind, or disabled, and in most cases have income below the level necessary to qualify for the Supplemental Security Income/State Supplementary Payment cash assistance prog ram (for example, about $1,183 a month for an aged and/or disabled individual living independently in 2023-24).
https://lao.ca.gov/Publications/Report/4868

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