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

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - Civil penalties on covered co mpanies may be assessed as a percentage of annual gross revenue, beginning at 5 percent for initial violations and increasing to as much as 100 percent for violations that remain u ncured over specified time periods.
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

^[PDF] May 8, 2000 The 2000-01 Senate Budget Bill SB 1344 (Peace) As Adopted by the Budget and Fiscal Review Committee

. • Increases income limit to 100 percent of poverty level. • Increased income limit to 133 percent of poverty level. • $21.1 million cost. (continued) 2 L E G I S L A T I V E A N A L Y S T ’ S O F F I C EMay 8, 2000 2000-01 Budget Bill Major Provisions General Fund (Continued) Issue Governor • Provides $290 million General Fund for com- munity mental health treatment. • Set aside funds for in- creased mental health treat- ment services. • $200 million cost.
https://lao.ca.gov/2000/050800_senate_floor_packet.pdf

Addressing Chronic Vacancies in Prison Mental Health Care

Feb 23, 2026 - At the time of this publication, the mental health Receiver had approved CDCR ’s request to close 100 excess inpatient beds and was deliberating on whether to deactivate additional excess inpatient beds.
https://lao.ca.gov/Publications/Report/5134

The 2026-27 Budget: California Student Aid Commission

Feb 17, 2026 - The state appropriated approximately $100  million annually over this period. In 2024 ‑25 (three years into the revamped program), the program gave awards to more than 350,000 recipients —about a seven ‑fold increase.
https://lao.ca.gov/Publications/Report/5127

^[PDF] UPDATE MAY 1997

Proposition 98 Funding— Significant Increase Based on our review of the various factors that determine the minimum funding guaran- tee under Proposition 98, we conclude that about 80 to 100 percent of the new revenues will go to K-12 schools and community col- leges.
https://lao.ca.gov/1997/cal_update/may_97_calupdate.pdf

Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - Property taxes are a major revenue source for local governments, raisin g about $100  billion annually statewide. How Is a Property Tax Bill Calculated? Each annual property tax bill is equal to the taxable value of the property multiplied by the property tax rate.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035