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 - The current discrepancy over the size of the state ’s budget deficit —$18  billion under the Legislative Analyst ’s Office estimate versus $3  billion in the Governor ’s budget —fits squarely within that pattern.
https://lao.ca.gov/Publications/Report/5104

^[PDF] CalWORKs Program Overview Hearing

CalWORKs Program Overview Hearing Moving Toward Self-Sufficiency: Allowable Activities LAO 60 YEARS OF SERVICE L E G I S L A T I V E A N A L Y S T ’ S O F F I C E March 9, 2005 3 " One-Parent Family: A family is eligible for the one-parent com- ponent of the program if it includes a child who is financially needy due to the death, incapacity, or continued absence
https://lao.ca.gov/handouts/socservices/2005/CalWORKs_program_030905.pdf

^[PDF] State Constitutional Officers

The measure would result in (1) state savings for state-elected officials’ salaries of several hundred thousand dollars; (2) no reduction in total legislative expen- ditures, given current provisions of the Constitution; and (3) unknown, probably not significant, election costs in the future.
https://lao.ca.gov/ballot/2001/010016_INT.pdf

^[PDF] The Citizens Fair Districts Act (version 1)

Brown Jr. 2 April 3, 2007 ure establishes a process for the Secretary of State to determine the members of the com- mission. The process would begin with 160,000 randomly selected voters from across the state and eventually reduce that number to 11 members (and 11 alternatives) through a combination of voter information forms, random selections, and legislative leadership input.
https://lao.ca.gov/ballot/2007/070250.pdf

^[PDF] Voters FIRST Act for Congress 2021

The Legislature appropriated $3 million for this purpose in the 2009-10 state budget. The Governor has proposed an additional $3 million for these re- districting efforts in his proposed 2010-11 budget—apparently on the assumption that redistricting costs will be significantly higher than the amount already provided by the Legislature.
https://lao.ca.gov/ballot/2010/100102.pdf

^[PDF] The Citizens Fair Districts Act (version 3)

The measure specifies that a minimum of $3 million or the amount provided for the last redistricting process (adjusted for inflation) would be provided for the new re- districting process. Fiscal Effect The Legislature spent about $3 million in 2001 on redistricting.
https://lao.ca.gov/ballot/2007/070253.pdf

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

^[PDF] The Citizens Fair Districts Act (version 2)

The com- mission could approve a new redistricting plan with a majority vote. The majority vote, however, would be required to include two affirmative votes from voters representing each of the two largest political parties and two votes from the other members.
https://lao.ca.gov/ballot/2007/070245.pdf