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

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - The California Air Resources Board (CARB) subsequently adopted a regulation, Advanced Clean Cars II (ACC II), which required manufacturers to sell a growing share of their vehicles as ZEVs in alignment with state goals.
https://lao.ca.gov/Publications/Report/5140

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

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 14, 2024 - This provision under the agreement would apply to all state employees represented by Unit 8 except employees who work in the classification of Battalion Chief or in a “specialty class. ” (Specialty classes include Forestry Assistant I and II; Forestry Technician; Forestry Aide; Aviation Officer I, II, and III [Flight Operations]; Aviation Officer I,
https://lao.ca.gov/Publications/Report/4919

The 2024-25 Budget: IS and IT Project Proposal Tables

Feb 9, 2024 - IT = information technology; CDT = California Department of Technology; TF = total funds; GF = General Fund; OF = other funds; EDD  =  Employment  Development Department; CalSTRS = State Teachers ’ Retirement System; PSP = Pension Solution Project; N/A = not applicable; CalHHS  =  California Health and Human Services Agency; DSS = Department of Social Services; CWS ‑CARES = Child Welfare Services
https://lao.ca.gov/Publications/Report/4836

Redesigning California's Adult Education Funding Model

Dec 13, 2022 - Grant recipients tend to use WIOA Title II funds primarily to hire additional teachers to expand their adult education course offerings and additional staff to expand their student support services. About half of adult schools and one in four community college districts receive WIOA Title  II  funds.
https://lao.ca.gov/Publications/Report/4652

The 2022-23 Budget: CCC Chancellor's Office Staffing

Mar 29, 2022 - The Governor ’s budget proposes two other positions —a Program Assistant II and a Specialist —in the Educational Services and Support Division that would work on ethnic studies curriculum and competency ‑based education.
https://lao.ca.gov/Publications/Report/4579