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

^[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 of one or both
https://lao.ca.gov/handouts/socservices/2005/CalWORKs_program_030905.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] HMOs and Rural California

In preparing this report, we obtained infor- mation from a variety of sources: ➢ We conducted interviews with repre- sentatives of a diverse set of key players in the rural health care com- munity, including beneficiaries, health operated health care systems, the California Medical Association, health policy researchers, state health care programs such as the Medi-Cal Program and
https://lao.ca.gov/2002/hmos_rural_ca/8-02_hmos_rural_ca.pdf

^[PDF] San Diego County Regional Airport Authority: Assessing Governmental Accountability

Note: If the San Diego airport authority’s board were com- prised of seven members, it could pay each member about $70,000 annually without imposing greater costs than the authority currently pays for its nine-member board.
https://lao.ca.gov/handouts/localgov/2006/SD_Airport_Authority_111706.pdf

^[PDF] California Redistricting Commission Amendment, Amendment No. 2-S

The measure requires the Legislature to appropriate funds necessary for the com- mission to carry out its responsibilities, as well as compensation and expense reim- bursement for members of the commission.
https://lao.ca.gov/ballot/1999/991002_INT.pdf

^[PDF] State Constitutional Officers

Fiscal Effect The measure’s provision to eliminate the California Citizens Compensation Com- mission would result in savings of $25,000. The measure also would reduce the total salary costs of all state-elected officials.
https://lao.ca.gov/ballot/2001/010016_INT.pdf

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

As discussed earlier in this report, students can have a difficult time determining which com- munity college courses meet a particular set of course requirements at a UC or CSU campus, partly because course numbers for the same course can vary across segments and campuses.
https://lao.ca.gov/2006/CCC_transfer/CCC_transfer_011706.pdf