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] Reforming Davis-Dolwig: Funding Recreation in the State Water Project

SWP’s Budget Development Lacks Checks and Balances. We are concerned that the process the Department of Water Resources (DWR) follows to develop SWP budgets lacks checks and balances that would help ensure accountability.
https://lao.ca.gov/2009/rsrc/Reforming_Davis-Dolwig/Davis-Dolwig_030909.pdf

^[PDF] THE ECONOMIC AND FISCAL IMPACTS OF CALIFORNIA'S AIRCRAFT GROUND TIME EXEMPTION

Tables 1 and 2 provide a breakdown distributed by county and by airline, respectively, of the 1972-73 base-year revenue losses com- puted by the Board of Equalization. The cost to the state for total local reimbursements over the six-year period of the legislation is shown in Table 3, and Table 4 shows the 1977-78 reimbursements by county.
https://lao.ca.gov/reports/1979/02_fiscal_impacts_of_californias_aircraft_ground_time_exemption.pdf

^[PDF] Overview of Recent Changes in the In-Home Supportive Services Program

Providers complete and sign an IHSS provider enrollment form and return it in person to the county or public authority.  Step 2: Criminal Background Check. Providers must be fi ngerprinted and pass a criminal background check.  Step 3: Program Orientation.
https://lao.ca.gov/handouts/socservices/2009/IHSS_Overview_10_28_09.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

^[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] Department of Real Estate: Opportunities to Improve Consumer Protection

An individual whose license has been suspended or restricted may petition the Com- missioner for full reinstatement of the license. How Does DRE Track Criminal Convictions? Under current law, applicants for an original real estate license are required to provide fingerprints for a criminal background check by the State De- partment of Justice (DOJ).
https://lao.ca.gov/2009/trns/real_estate/real_estate_051209.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