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

Building Reserves to Prepare for a Recession

Mar 7, 2018 - To put this in more concrete but very rough terms, a moderate recession, like the dot ‑com bust, could lead to a $ 40  b illion budget problem. A more mild recession might result in a $ 20  b illion budget problem.
https://lao.ca.gov/Publications/Report/3769

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

The 2026-27 Budget: Cap-and-Invest Expenditure Plan

Feb 10, 2026 - Allocates $615   Million Outside  S B   840 Spending Framework for Rest of CalFire Backfill and ZEV Incentive Program. The administration assumes about $750   million in GGRF monies will be available in 2026 ‑27 that are not from budget ‑year auction revenues and thus not subject to the S B  840 allocation process under its statutory interpretation.
https://lao.ca.gov/Publications/Report/5114

Overview of New Updates to the Cap-and-Invest Program

Dec 9, 2025 - Under S B  840 , funding for these programs —which include wildfire and forest resilience activities specified under Chapter  626 of 2018 (S B  901 , Dodd), a backfill of the State Responsibility Area (SRA) fee, and lost revenue associated with A B  398 ’s expansion of a manufacturing tax exemption —is maintained at existing levels.
https://lao.ca.gov/Publications/Report/5097

^[PDF] The 1989-90 Budget: Perspectives and Issues

:~Jl~,ct~diJQ'Y~r~11;l,lJ.9;~P.J'siE~tg(;lcJ¢Y~1~"i.()f..capital ,g~,t!!,~!p.S2m¥"r,~~~z,~gJ~K~t:lt~J~~p~y~r~.Foods which had been a.ppi-o- ,pHated; to 'the SFEU were' redireCted to cover the shortfall, and' several actions were taken by the administration to reduce or delay expenditures.
https://lao.ca.gov/analysis/1989/pandi_89_part1.pdf

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - This amount was approved via three different 2025 budget actions: (1) $181  million provided through Chapter  2 of 2025 (A B  100 , Gabriel) (these funds were available for departments to spend during the final few months of 2024 ‑25), (2) $2.9  million through Chapter  5 of 2025 (A B  102 , Gabriel), and (3) $3.3  billion through Chapter  104 of 2025 (S B  105 , Wiener).
https://lao.ca.gov/Publications/Report/5115

California State University Capital Outlay Projects [EdBudget]

Mar 26, 2026 - Annual debt service costs, which CSU will pay using its General Fund support, is estimated to be $50 million. b The campus is anticipated to contribute $12 million for this project. This includes $10 million in donor support and $2 million in campus reserves. c The campus is anticipated to contribute $9.6 million in campus reserves for this project.
https://lao.ca.gov/Education/EdBudget/Details/1082

^[PDF] HMOs and Rural California

HMOs and Rural California E L I Z A B E T H G . H I L L • L E G I S L A T I V E A N A LY S T LAO 60 YEARS OF SERVICE HMOs and Rural California The recent withdrawals of health coverage by health maintenance organizations (HMOs) from rural areas have raised concerns about the availability of affordable health care in ru- ral California.
https://lao.ca.gov/2002/hmos_rural_ca/8-02_hmos_rural_ca.pdf