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] 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

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

The commission recently announced its decision to raise the salaries of six legislative leadership positions in December 1999. Hon. Bill Lockyer 2 May 12, 1999 This measure would reduce the salaries of the six legislative leadership positions to the amounts existing on January 1, 1999.
https://lao.ca.gov/ballot/1999/990349_INT.pdf

^[PDF] "The Anti-Corruption 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/1999/990335_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] An LAO Higher Education “Compacts”: An Assessment

PROPOSAL FOR A NEW COMPACT In the 1999-00 Governor’s Budget, the adminis- tration announced that UC and CSU had pro- posed a new multiyear funding compact (Com- pact II). Details of the proposal were included in 4 the budget’s A-pages as well as in materials presented by the segments during budget hear- ings.
https://lao.ca.gov/1999/082699_compacts/082699_compacts.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] "Let the Voters Decide II Act of 2000”

Currently, the California Citizens Com- pensation Commission establishes salaries and benefits for Members of the Legislature and other state-elected officials, such as the Governor, the Attorney General, and the members of the State Board of Equalization.
https://lao.ca.gov/ballot/1999/990438_INT.pdf