How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - March 9, 2026 Chas Alamo State Budget Is Heavily Reliant on Stock Market Earnings. California 's progressive income tax system is heavily reliant on stock market earnings because the state has concentrated its tax collections among high-income earners whose incomes are most tied to the stock market through capital gains, equity compensation, and investment returns.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - March 9, 2026 Chas Alamo State Budget Is Heavily Reliant on Stock Market Earnings. California 's progressive income tax system is heavily reliant on stock market earnings because the state has concentrated its tax collections among high-income earners whose incomes are most tied to the stock market through capital gains, equity compensation, and investment returns.
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

^[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] The Tribal Government Gaming and Economic Self-Sufficiency Act of 1998, Amendment No. 1-NS

POOCHIGIAN CATHIE WRIGHT RODERICK WRIGHT March 9, 1998 Hon. Daniel E. Lungren Attorney General 1300 I Street, 17th Floor Sacramento, California 95814 Attention: Ms. Connie Lemus Initiative Coordinator Dear Attorney General Lungren: Pursuant to Elections Code Section 9005, we have reviewed the proposed initia- tive statutory amendment entitled “The Tribal Government Gaming and Economic Self- Sufficiency Act of 1998" (File No.
https://lao.ca.gov/ballot/1998/980065_INT.pdf

^[PDF] Building Reserves to Prepare for a Recession

By most measures, the recession of the early 1990s was more severe than the dot-com bust in the early 2000s. For example, unemployment in California reached 9.7 percent in mid- to late-1992, but peaked at 6.9 percent after the dot-com bust.
https://lao.ca.gov/reports/2018/3769/prepare-for-recession-030718.pdf

^[PDF] Promoting Access to Higher Education: A Review of the State's Transfer Process

Figure 9 Summary of LAO Recommendations for Systemwide Course Requirements Streamline UC General Education Course Requirements Recommend UC develop general education requirements that would be consistent across all its campuses (as is currently the case with CSU).
https://lao.ca.gov/2006/CCC_transfer/CCC_transfer_011706.pdf

Building Reserves to Prepare for a Recession

Mar 7, 2018 - By most measures, the recession of the early 1990s was more severe than the dot ‑com bust in the early 2000s. For example, unemployment in California reached 9. 7  p ercent in mid ‑ to late ‑1992, but peaked at 6. 9  p ercent after the dot ‑com bust.
https://lao.ca.gov/Publications/Report/3769

^[PDF] State Constitutional Officers

Instead, future increases in salaries would not become effective until en- acted in statute by the Legislature and approved by the voters in the next regular elec- Hon. Bill Lockyer 2 February 14, 2001 tion.
https://lao.ca.gov/ballot/2001/010016_INT.pdf

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Jun 27, 2025 - Dills Act . This analysis of the proposed agreement fulfills our statutory requirement under Section 19829.5 of the Government Code. The administration has posted on the California Department of Human Resources’ (CalHR’s) website the agreement (including a new side letter related to the state’s hybrid work policy), a summary of the agreement, and a summary of the administration’s estimates of the proposed agreement’s fiscal effects .
https://lao.ca.gov/Publications/Report/5061