How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Smaller, short-lived corrections occur frequently, among them the 1997 Asian financial crisis, the 2011 U.S. debt celing standoff, the 2015 Chinese growth slowdown, the early pandemic drop in 2020, and the 2025 tariff selloff.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Smaller, short-lived corrections occur frequently, among them the 1997 Asian financial crisis, the 2011 U.S. debt celing standoff, the 2015 Chinese growth slowdown, the early pandemic drop in 2020, and the 2025 tariff selloff.
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

May Revision: LAO Revenue Outlook [EconTax Blog]

May 16, 2015 - Compared to the size of the California economy (measured by total personal income in the state), capital gains were more significant during the dot-com boom and the mid-2000s. Various data seem consistent with our office 's 2014 and 2015 capital gains assumptions.
https://lao.ca.gov/LAOEconTax/Article/Detail/105

^[PDF] State Constitutional Officers

Instead, future increases in salaries would not become effective until en- acted in statute by the Legislature and approved by the voters in the next regular elec- Hon. Bill Lockyer 2 February 14, 2001 tion.
https://lao.ca.gov/ballot/2001/010016_INT.pdf

^[PDF] Voters FIRST Act for Congress 2021

The com- mission also is to consider the geographic integrity of cities, counties, neighborhoods, and communities of interest. As under Proposition 11, compliance with the federal Vot- ing Rights Act would be required.
https://lao.ca.gov/ballot/2010/100102.pdf

^[PDF] 100556.indd

Choosing between these approaches is decided by the Legislature and Governor in enacting the annual budget act.  Functionally, fees play essentially the same funding role for com- munity colleges as they do for the University of California and the California State University.  For all three public higher education segments, student fees contribute to overall
https://lao.ca.gov/sections/Education/Ed-basics/How-Student-Fees-Contribute-CC-Funding-0710.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] Citizens Fair Districts Act

Citizens Fair Districts Act Preprinted Logo will go here December 20, 2007 Hon. Edmund G. Brown Jr. Attorney General 1300 I Street, 17th Floor Sacramento, California 95814 Attention: Ms. Krystal Paris Initiative Coordinator Dear Attorney General Brown: Pursuant to Elections Code Section 9005, we have reviewed the proposed constitu- tional measure related to redistricting (A.G.
https://lao.ca.gov/ballot/2007/070854.pdf

^[PDF] The Citizens Fair Districts Act (version 2)

The Citizens Fair Districts Act (version 2) Preprinted Logo will go here April 4, 2007 Hon. Edmund G. Brown Jr. Attorney General 1300 I Street, 17th Floor Sacramento, California 95814 Attention: Ms. Patricia Galvan Initiative Coordinator Dear Attorney General Brown: Pursuant to Elections Code Section 9005, we have reviewed the proposed constitu- tional measure related to redistricting (A.G.
https://lao.ca.gov/ballot/2007/070245.pdf