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

The 2025-26 California Spending Plan: Proposition 4

Oct 16, 2025 - Figure 2 Budget Package Approves New Positions to Implement Proposition 4 Department
https://lao.ca.gov/Publications/Report/5076

The 2025-26 California Spending Plan: Proposition 4 [Publication Details]

Oct 16, 2025 - The 2025-26 California Spending Plan: Proposition 4 [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/5076

^[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] Voters FIRST Act for Congress 2021

Under Proposition 11, the state already must make available around $4 million for the redistricting process for all legis- lative and BOE districts following the 2010 census (an amount that would grow with inflation in future years).
https://lao.ca.gov/ballot/2010/100102.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] 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

Building Reserves to Prepare for a Recession

Mar 7, 2018 - Under the first statute, the trigger would occur if the Director of Finance projects the SFEU to exceed about 4  p ercent of General Fund revenues (currently, about $5. 4  b illion) in the prior and current year.
https://lao.ca.gov/Publications/Report/3769