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: In-Home Supportive Services

Mar 18, 2026 - Figure 7
https://lao.ca.gov/Publications/Report/5166

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 2026-2027 Budget: California Cannabis Control Appeals Panel Permanent Funding Request

Feb 11, 2026 - The revised 2025-26 budget for CCAP includes $3.4  million CCF and 13 positions. Provisional Licensees Did Not Have Appeal Rights, Which Contributed to Dearth of Cases Between 2017-18 and 2025-26. In 2018-19, CCAP asserted that in light of the thousands of applications that were being received by DCC at the time, that “hundreds of appeals ” would follow.
https://lao.ca.gov/Publications/Report/5119

The 2023-24 Budget: College of the Law, San Francisco

Mar 8, 2023 - After holding the supplemental tuition charge flat at $6,000 from 2012 ‑13 through 2021 ‑22, the board increased the supplemental charge by 7  percent to $6,420  in  2022 ‑23. Student Enrollment Has Grown the Past Two Years.
https://lao.ca.gov/Publications/Report/4732

The 2021-22 Budget: UC Division of Agriculture and Natural Resources

Feb 26, 2021 - For ANR specifically, the state reduced base General Fund support by $9. 2  m illion (12. 7  p ercent) from the 2019 ‑ 20 l evel. As a percent of operations, ANR ’s reduction was comparable to UCOP ’s reduction and larger than the reduction for campuses (7. 7  p ercent).
https://lao.ca.gov/Publications/Report/4391

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 2023-24 Budget: May Revenue Outlook [EconTax Blog]

May 13, 2023 - Because of this, by combining recent data showing a decline withholding with various other economic data, we are able to arrive at our forecast of a 13 percent decline in income tax revenues in the current year.  
https://lao.ca.gov/LAOEconTax/Article/Detail/774

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