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] California Redistricting Commission Amendment, Amendment No. 2-S

SA 1999 RF 0072, Amendment No. 2-S). Background. The California Constitution requires the Legislature to adjust the boundaries of districts for the state Legislature (Assembly and Senate), State Board of Equalization, and U.S.
https://lao.ca.gov/ballot/1999/991002_INT.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

^[PDF] "The Government Reform Act of 2000"

SA 1999 RF 0016, Amendment No. 1-NS). This measure would amend the California Constitution to change (1) the method by which the compensation for state-elected officials is deter- mined and (2) the way in which the boundaries of districts for the state Senate and As- sembly, Board of Equalization, and U.S.
https://lao.ca.gov/ballot/1999/990349_INT.pdf

^[PDF] Digital Elections, Amendment No. 1-S

Fiscal Effect This measure would result in significant one-time costs to the state, potentially amounting to several tens of millions of dollars, for the initial establishment of the com- puter systems and the adoption of election-related procedures by the Secretary of State as required under this measure.
https://lao.ca.gov/ballot/1999/990842_INT.pdf

^[PDF] "The Anti-Corruption Act of 2000"

SA 1999 RF 0014 Amdt. No. 1-NS). This measure would amend the California Constitution to change (1) the method by which the compensation for state-elected officials is determined and (2) the way in which the boundaries of districts for the State Senate and Assembly, Board of Equaliza- tion, and U.S.
https://lao.ca.gov/ballot/1999/990335_INT.pdf

^[PDF] "Let the Voters Decide Act of 2000"

Currently, the California Citizens Com- pensation Commission establishes the salaries and benefits for Members of the Legisla- ture and other state-elected officials, such as the Governor, the Attorney General, and members of the State Board of Equalization.
https://lao.ca.gov/ballot/1999/990333_INT.pdf

^[PDF] The Tribal Government Gaming and Economic Self-Sufficiency Act of 1998, Amendment No. 1-NS

Thus, any Indian tribe requesting a tribal- state compact for Class III gambling would not be limited to the provisions of the com- pact discussed above—other than the scope of Class III gambling. Hon.
https://lao.ca.gov/ballot/1998/980065_INT.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