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 - The current discrepancy over the size of the state ’s budget deficit —$18  billion under the Legislative Analyst ’s Office estimate versus $3  billion in the Governor ’s budget —fits squarely within that pattern.
https://lao.ca.gov/Publications/Report/5104

^[PDF] Overview of the Integrated Waste Management Account

As shown in Figure 3, the Governor proposes to reduce IWMA expenditures by $11.7 million through a com- bination of funding shifts and program reductions. The budget also proposes a loan of $1.5 million from the Electronic Waste Recycling and Recovery Account to IWMA in order to support the budgeted level of IWMA expenditures.
https://lao.ca.gov/handouts/resources/2010/Overview_of_the_Integrated_Waste_Management_Account_31810.pdf

^[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
https://lao.ca.gov/handouts/socservices/2005/CalWORKs_program_030905.pdf

^[PDF] State Constitutional Officers

The measure would result in (1) state savings for state-elected officials’ salaries of several hundred thousand dollars; (2) no reduction in total legislative expen- ditures, given current provisions of the Constitution; and (3) unknown, probably not significant, election costs in the future.
https://lao.ca.gov/ballot/2001/010016_INT.pdf

^[PDF] The Citizens Fair Districts Act (version 1)

Brown Jr. 2 April 3, 2007 ure establishes a process for the Secretary of State to determine the members of the com- mission. The process would begin with 160,000 randomly selected voters from across the state and eventually reduce that number to 11 members (and 11 alternatives) through a combination of voter information forms, random selections, and legislative leadership input.
https://lao.ca.gov/ballot/2007/070250.pdf

^[PDF] Voters FIRST Act for Congress 2021

The Legislature appropriated $3 million for this purpose in the 2009-10 state budget. The Governor has proposed an additional $3 million for these re- districting efforts in his proposed 2010-11 budget—apparently on the assumption that redistricting costs will be significantly higher than the amount already provided by the Legislature.
https://lao.ca.gov/ballot/2010/100102.pdf

^[PDF] The Citizens Fair Districts Act (version 3)

The measure specifies that a minimum of $3 million or the amount provided for the last redistricting process (adjusted for inflation) would be provided for the new re- districting process. Fiscal Effect The Legislature spent about $3 million in 2001 on redistricting.
https://lao.ca.gov/ballot/2007/070253.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