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

LAO Analysis of the 1998-99 Budget Bill Transportation Departmental Issues

Based upon conversations with the private railroad company representative, an operating agreement needs to first be negotiated between the railroad and Caltrans/Amtr ak for use of the tracks. This agreement, in turn, depends on Caltrans and the railroad agreeing on the specific track improvements that need to be made and on the share of costs e ach will pay.
https://lao.ca.gov/analysis_1998/transportation_depts_anl98.html

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] Fixing Unemployment Insurance

For example, in 2023, California employers Figure 7 Comparing California's UI Benefit Program With Other States 10 50 60% HI MT UT IA VT ND OR SD KY ID WY WA MN NM KS ME CO WV OH MA NE NV NJ OK RI PA IL TX US CT WI AR IN MI MD SC GA DE NH VA AZ MO MS NC NY AL AK CA LA TN FL DC Average Weekly Benefit as a Share of Average Weekly Wage 2 4 6 8 10 12 14 16 18 20 NJ CA NY MD DE MA
https://lao.ca.gov/reports/2024/4943/Fixing-Unemployment-Insurance-120224.pdf

APPENDIX A

APPENDIX A DISCUSSION OF INDIVIDUAL SUPPLY-DEMAND FACTORS Peak Demand Factors Demand Estimates Appear Reasonable The California Energy Commission (CEC) estimates that peak demand (including a seven percent reserve) will range from 57,909 megawatts (MW) for an average one-in-two year summer pe ak, to 61,125 MW for a hot, one-in-ten year summer peak.
https://lao.ca.gov/2001/electricity/appendix_a.htm

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] The 1989-90 Budget: Perspectives and Issues

.$77 million has been proposed to fund estimatedcurJ;"ent-year K-12 funding deficiencies. and $39 million has been proposed for· aK-12Propo~ition98 reserve. The reserve would be distributed to school districts at the end of the current year.
https://lao.ca.gov/analysis/1989/pandi_89_part2.pdf

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091

^[PDF] Overview on Poverty

Despite its fl aws, the poverty thresholds allow researchers and policy makers to examine trends over time using a consistent measure.  Substantial Changes Set for 2011. In September 2011, the Census Bureau will publish two sets of poverty data.
https://lao.ca.gov/handouts/socservices/2011/Poverty_Overview_05_10_11.pdf