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

Mar 9, 2026 - As our office warned last November, it now appears time to take seriously the notion that the stock market has become overheated. While there is a chance that this time is different and no such downturn is forthcoming, the risk appears strong enough that we have incorporated it into the state 's revenue outlook.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - As our office warned last November, it now appears time to take seriously the notion that the stock market has become overheated. While there is a chance that this time is different and no such downturn is forthcoming, the risk appears strong enough that we have incorporated it into the state 's revenue outlook.  
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 2023-24 Budget: May Revenue Outlook [EconTax Blog]

May 13, 2023 - Leading Indicators Continue to Offer Warning for Economic Outlook. We cannot say for sure if and when current weaknesses in parts of the economy could spread more broadly. In Outlooks last May and November , however, we discussed how certain economic indicators offered a warning that a broader slowdown could be on the horizon.
https://lao.ca.gov/LAOEconTax/Article/Detail/774

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

^[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