^[PDF] California's Tax Expenditure Programs: Income Taxes

For example, in 1996, 325,000 of the 430,800 total corporate tax returns that were filed (or 75 percent) were subject to the mini- mum tax. • Bank Tax. Banks and other financial institutions are subject to an “add-on” tax that is levied in addition to the franchise tax.
https://lao.ca.gov/1999/tax_expenditure_299/tep_299_income_tax.pdf

^[PDF] Comments on the Administration’s Spending Limit Proposal

Proposition 98 would only “crowd out” non- Proposition 98 funding under the proposed limit if (1) local property tax reve- nues slowed significantly, (2) the state chose to over-appropriate the mini- mum guarantee, or (3) the student population started to grow faster than state population.
https://lao.ca.gov/2003/admin_spending_limit/120103_admin_spending_limit_proposal.pdf

^[PDF] State Expenditures: History and Forecast

State Expenditures: History and Forecast 1998-99 Through 2002-03 LAO 60 YEARS OF SERVICE 5L E G I S L A T I V E A N A L Y S T ’ S O F F I C E July 10, 2003 Increases Related to Education, Health, and Social Services Total Education Funding Increased by 23 Percent ($7 Billion) • The Legislature overappropriated the Proposition 98 mini- mum guarantee by a cumulative total of $6 billion between 1998-99 and 2002-03.
https://lao.ca.gov/handouts/revtax/2003/071003_expend_hist_forecast.pdf

^[PDF] Overview of Governor's Proposition 98 Budget Proposal

Without lowering the mini- mum guarantee in the current year, the Legislature likely would fi nd a large suspension of the Proposition 98 requirement in the budget year the only realistic budget-balancing option.
https://lao.ca.gov/handouts/education/2008/Overview_Gov's_Prop_98_Budget_Proposal_011608.pdf

LAO 2004 Budget Analysis: Governor's School Safety Consolidation

Three programs fund school safety plan implementation, community policing measures, and conflict resolution programs and training: Partnership Mini-Grants/ Safe School Plan Implementation, School Community Violence Prevention, and Conflict Resolution.
https://lao.ca.gov/analysis_2004/education/ed_06_schoolsafety_anl04.htm

Initiative Analyses

Establishes a Mini mum Annual Funding Level for Community Colleges. This measure changes the Proposition  98 formula by establishing separate funding guarantees for the community college system and for the K-12 system.
https://lao.ca.gov/BallotAnalysis/Initiatives?page=52

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] LAO School Safety Block Grant Proposal

LAO School Safety Block Grant Proposal Senate Budget and Fiscal Review Subcommittee No. 1 April 12, 2004 LAO School Safety Block Grant Proposal 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 LAO 60 YEARS OF SERVICE LAO 60 YEARS OF SERVICE 1L E G I S L A T I V E A N A L Y S T ’ S O F F I C E April 12, 2004 Governor’s School Safety Consolidation Proposal (In Millions) Included Programs
https://lao.ca.gov/handouts/education/2004/School_Safety_041204.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