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

2022-23 Fiscal Outlook Revenue Estimates [EconTax Blog]

Nov 17, 2021 - As a result, our forecast is $51 billion above the budget act across the 2020-21 to 2022-23.     Wide Range of Possible Outcomes. While our main forecast presents the estimates we think are most likely to be least wrong, they will be wrong to some extent.
https://lao.ca.gov/LAOEconTax/Article/Detail/712

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

California Community Colleges Capital Outlay Projects [EdBudget]

Mar 10, 2026 - California Community Colleges Capital Outlay Projects [EdBudget]     a Community college districts issue local general obligation bonds to pay for a share of project costs. b Proposition 51 (2016) bond funds. c The performance criteria phase is the initial phase of this design-build project. d Replacement buildings listed in this category involve adding space. e Center operated
https://lao.ca.gov/Education/EdBudget/Details/1025

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

California Community Colleges New and Continuing Capital Outlay Projects [EdBudget]

Sep 19, 2023 - As a result, the budget reverts $63.8 million in Proposition 51 bond funds and provides $72.3 million in funds from several bonds (Propositions 1A, 1D, 47, 51, 153, and 203) for the construction phase.
https://lao.ca.gov/Education/EdBudget/Details/764

CCC Capital Outlay Projects Under Governor's Budget and May Revision [EdBudget]

May 22, 2023 - Due to delays resulting from the need for additional seismic work, the May Revision reverts $10.2 million in Proposition 51 bond funds and provides $11.5 million in new Proposition 51 bond funds for the construction phase. d This project was proposed in January.
https://lao.ca.gov/Education/EdBudget/Details/718