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

Domestic ferrets. [Ballot]

Feb 9, 2022 - Background  California law identifies ferrets as wild animals that are restricted because “such  animals are undesirable and a menace to native wildlife,  the agricultural interests of the state, or to the public health or safety. ” Current law and regulations make it illegal to own ferrets as pets without a state permit.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-044

Tribal gaming. [Ballot]

Dec 27, 2021 - This is because a federal court previously determined that the payments required by certain tribal-state com pacts into the state ’s General Fund for use at the state ’s discretion generally were an illegal tax prohibited under federal law.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-039

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Funding to Address Animal Disease Outbreaks. The budget includes $11.1  million ($6.1  million General Fund and $5  million federal funds) and 29 permanent positions in 2025-26, and $10.5  million ($5.5  million General Fund and $5  million federal funds) in 2026-27 and ongoing, to respond to animal disease outbreaks such as avian influenza ( “bird flu ”).
https://lao.ca.gov/Publications/Report/5081/

The 2026-27 Budget: Governor’s Sustainable Aviation Fuel Tax Credit Proposal

Feb 24, 2026 - SAF can be made from a variety of plant and animal ‑based feedstocks —such as distillers corn oil (a  byproduct of the production of corn ethanol), used cooking oil, and animal tallow —as well as some alternative processes.
https://lao.ca.gov/Publications/Report/5139

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 Community Colleges

Mar 5, 2026 - Under SCFF, districts receive apportionment funding for regular credit courses based on three components: (1)  a base allocation linked to  enrollment, (2)  a supplemental allocation linked to low ‑income student counts, and (3)  a student success allocation linked to specified student outcomes.
https://lao.ca.gov/Publications/Report/5150

Assessment of CSU’s Graduation Initiative 2025

Dec 10, 2025 - Moreover, CSU ’s allocation factors have varied from strongly linked with program objectives (for example, Pell Grant counts) to not linked (for example, providing a flat amount to every campus regardless of need or performance).
https://lao.ca.gov/Publications/Report/5099