^[PDF] California's Parimutuel Horse Racing Tax

FUND RECEI VES 0163 PERCENT OF EACH DOLLA.R \'IAGF.RED AT r-LL MF.E: S, PLUS l PFRCF.~1T nr- EACH DOLLAR \~AGERED AT FAI R MEETS 1 r., GFt-!EP.flL FuND RECF: T VES A SHARE OF THE BRE/d https://lao.ca.gov/reports/1984/californias_paramutual_horse_racing_tax.pdf

^[PDF] STATE REIMBURSEMENT OF MANDATED LOCAL COSTS: A REVIEW OF STATUTES FUNDED DURING JUNE 1981 THROUGH SEPTEMBER 1982

;~,,~~,~~,:l'} :~/·>:·1t. "~;:'f,;: .. ::':.', '.,,:,J:,;, ... ;-r.~!\':,,: .. '.'" ~>~, - :i~:I;;,r~; ha~,: /1~s:~~~~~t~f~l ,~~t,if'~' fo~")~,qmp~f.i'ng,,the,' ben~tH~ ,1I11d,:) ~tist~ ,of this, m~ndat~; "'l,:,i H"t}:: ,i',;'" "(,~j,,V"" '''''' "J::: :Ii;~[tiii~' ~!'
https://lao.ca.gov/reports/1983/06_review_of_statutes_funded_during_june_1981-september_1982.pdf

^[PDF] Why Aren't Revenue Estimates More Accurate?

-plOj1TP.nt (COO) 9,000 (3.0'-f) 10,330 ( 4.3"k) 10,074 (2.5%) 10,306 (4.3%) 10,092 (2.2%) Urenploynent rate (%) 6.9% 6.9% 7.0"-f 6.6% 6.7 Wage & sala1y ffiTJlO)~ent (000) 9,095 (3.2%) 9,438 (3.5%) 9,550 (3.4%) 9,666 (4.6%) 9,590 (4.0%) Consurrer ptice inflation (%) 6.0% 6.3% 6.8% 9.0% 10.4% fbus i ng pern1its (sing 1 e p, 2~1.1 ( -2.1%) 220 ( -6.4~~) 190 (.:19.8'k) 190 (-19.8%) 190 (-19.8%) r.u 1t i p 1 e units , thousiJr,ds) Autcr.d;ile sales (thousands !
https://lao.ca.gov/reports/1984/why_arent_%20revenue_estimates_more_accurate.pdf

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

^[PDF] The 1989-90 Budget: Perspectives and Issues

PQijci~rRli£~]p3tifiif~:()fJ1i~1t~t:~l::onstitUtioii:- AS-a -resUlt;'there 'is 'onlyabo~t 30·percent of the b~dget'tha(iJle--LegiSlature can influence \\'itholJtsl1l).Ilge~.to.e~stingla\V. Further,' the .B~ogram~ ~hi~.
https://lao.ca.gov/analysis/1989/pandi_89_part1.pdf

^[PDF] Why Aren't Revenue Esitmates More Accurate?

California Variables: Ul N Persnn-31 incoo-e (billions $) $186.2 (9.8%) $190.0 (10.2%) $191.8 (10.7%) $193.9 (12.5%) $197.4 (14.0%) $200.7 (14.2%) I Civil iiln alplo}1T€nt (roo) 9,070 (2.5%) 9,375 (2.6%) 9,515 (3.4%) 9,905 (6.3%) 9,824 (5.6%) 10,135 (6.5%) IJI'1€I1'p1o)'!
https://lao.ca.gov/reports/1984/13_why_are_nt_%20revenue_estimates_more_accurate.pdf

^[PDF] Focus Budget 1995: Highlighting Major Features of the 1995 California Budget

1 1t!B1L Budget Overview The 1995 Budget Act was signed by Governor Wilson on August 3, 1995. The Budget Act and related trailer legis- lation comprise a budget package that authorizes total state spending of $59.1 billion in 1995-96, consisting of $43.4 billion from the General Fund, $15 billion from special funds, and $0.7 billion from selected"bond funds.
https://lao.ca.gov/reports/1995/focus_budget_1995_highlightling_major_features_of_the_1995_california_budget.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