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: California State University

Feb 24, 2026 - From 2019 ‑20 to 2024 ‑25, CSU ’s debt service for state ‑approved projects grew from $295  million to $365  million (23  percent). (These amounts include debt service on university bonds as well as state bonds issued before 2014 ‑15.)
https://lao.ca.gov/Publications/Report/5142

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 2018-19 Budget: Update on Backlog of Teacher Misconduct Cases

Apr 30, 2018 - This report stated that DOJ aims to close each case within 365 days of receiving it from CTC and to maintain 150 open tea cher cases at any one time —roughly equivalent to the number of cases it receives in one year.
https://lao.ca.gov/Publications/Report/3817

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

Time limits, environmental reviews, and judicial reviews for certain types of infrastructure projects. [Ballot]

Dec 10, 2025 - For ex ample, it would allow lead agencies 90 business days to determine if a project is exempt from environmental review and 365 business days to determine whether to certify an EIR. Sec ond, the measure provides the project applicant with options should the lead agency fail to meet the time limits.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-023

^[PDF] The 2023-24 Budget: Proposition 98 Overview and K-12 Spending Plan

Balance in Reserve Would Reach $8.5 Billion in 2023-24 „ Includes estimated deposits of $1.1 billion in 2022-23 and $365 million in 2023-24. „ Balance equates to 7.8 percent of the estimated guarantee in 2023-24.
https://lao.ca.gov/handouts/education/2023/Proposition-98-K-12-Overview-022823.pdf

^[PDF] The 2023-24 Budget: Proposition 98 Overview and K-12 Spending Plan

Balance in Reserve Would Reach $8.5 Billion in 2023-24 „ Includes estimated deposits of $1.1 billion in 2022-23 and $365 million in 2023-24. „ Balance equates to 7.8 percent of the estimated guarantee in 2023-24.
https://lao.ca.gov/handouts/education/2023/Proposition-98-K-12-Overview-030223.pdf