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

2005 Initiative Analysis:Voters' Right to Protect Marriage.

July 11, 2005 Dear Attorney General Lockyer: Pursuant to Elections Code Section 9005, we have reviewed the proposed initiative regarding marriage (File No. SA2005RF0077, Amdt. #2-NS). Background Federal Laws.
https://lao.ca.gov/ballot/2005/050563.htm

^[PDF] Overview of the Major Issues Regarding the Use of Tax-Exempt Bonds in California

dOril l:O f.1ck e its ov;n Gebt-issuance deci s i ons \•/ithin t he genera l bounds estab lis hed by state l aws. Another issue to address i s whether bonds used for 11 ncnt rad iticna l 11 proposes should be permitted to directly compete for the same sources of debt security as support bonds used for 11 traditional 11 purposes .
https://lao.ca.gov/reports/1983/overview_of_major_issues_regarding_the_use_of_tax-exempt_bonds_in_california.pdf

^[PDF] Voters FIRST Act for Congress 2021

The com- mission also is to consider the geographic integrity of cities, counties, neighborhoods, and communities of interest. As under Proposition 11, compliance with the federal Vot- ing Rights Act would be required.
https://lao.ca.gov/ballot/2010/100102.pdf

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

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

Brown Jr. 2 April 4, 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/2007/070245.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] The Citizens Fair Districts Act (version 3)

Brown Jr. 2 April 6, 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/2007/070253.pdf

^[PDF] Citizens Fair Districts Act

The commission would be comprised of 11 registered voters—four members each from the state’s two largest po- litical parties and three members from other party or decline-to-state voters. The meas- ure establishes a process for the Secretary of State to determine the members of the com- mission.
https://lao.ca.gov/ballot/2007/070854.pdf