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

^[PDF] Overview of California’s Master Plan for Higher Education

UC Above Master Plan Target • The CPEC found that UC is drawing students from the top 14.4 percent of high school graduates, which is above its Master Plan target of 12.5 percent. • The CPEC also estimated that about 6 percent of graduates met UC’s course, grade, and SAT I requirements, but simply did not take the SAT II (which is not required by most col- leges).
https://lao.ca.gov/handouts/education/2005/Master_Plan_Overview_022205.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

LAO 2004 Budget Analysis: Intersegmental: Higher Education Admissions and Enrollment

In this section, we have recommended a series of admissions-related steps the Legislature can take to preserve the Master Plan's com mitment to access with limited resources. In another section of this chapter, we examine the state's outreach programs.
https://lao.ca.gov/analysis_2004/education/highered_04_enrollment_anl04.htm

^[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

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - The state and Unit 6 agreed to this prefunding arrangement in 2016 with the fund expected to be fully funded for Unit 6 by 2048. Today, the state and employees represented by Unit 6 each contribute 4 percent of pay to prefund the benefit for Unit 6 members.
https://lao.ca.gov/Publications/Report/5058

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections) [Publication Details]

Jun 23, 2025 - MOU Fiscal Analysis: Bargaining Unit 6 (Corrections) [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5058

^[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