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

Assessing a Shift to Enrollment-Based School Funding

Jan 6, 2026 - Given the state does not categorize student enrollment as classroom ‑based or nonclassroom ‑based, the Legislature may want to create an enrollment ‑based definition of in ‑person instruction if it wants to continue to restrict funding to classroom ‑based programs.
https://lao.ca.gov/Publications/Report/5100

Assessing a Shift to Enrollment-Based School Funding [Publication Details]

Jan 6, 2026 - Assessing a Shift to Enrollment-Based School Funding [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5100

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Rather than broad-based economic growth, PIT strength has been fueled by a very bullish stock market. Whereas California’s labor market has stagnated over the last two years, the S&P 500 stock index has appreciated roughly 50 percent over the same period.
https://lao.ca.gov/Publications/Report/5104

The 2022-23 Budget: Analysis of Major UC Proposals

Feb 2, 2022 - Under the Governor ’s compact, UC  would not receive additional funds for enrollment growth over the period, but instead it would need to accommodate the higher costs from within its base  increases.
https://lao.ca.gov/Publications/Report/4511

The 2021-22 Budget: California Department of Fish and Wildlife [Publication Details]

Jan 27, 2021 - This publication discusses the Governor's 2021-22 January budget proposal to provide $45 million for the California Department of Fish and Wildlife to purchase equipment and conduct one-time activities.
https://lao.ca.gov/Publications/Detail/4325

The 2023-24 Budget: University of California

Feb 15, 2023 - Moving forward, it could provide UC with additional General Fund to cover the associated debt service, or, as it does with most similar UC capital projects, it could have UC cover the cost from within its base budget.
https://lao.ca.gov/Publications/Report/4684

The 2022-23 Budget: California State University

Feb 15, 2022 - In addition to the 5  percent base increase, the Governor ’s budget would provide a combined $162  million for CSU pension and retiree health cost increases. Assessment Base Increases Are Poor Approach to Budgeting for Operating Costs.
https://lao.ca.gov/Publications/Report/4537

The 2025-26 Budget: In-Home Supportive Services [Publication Details]

Mar 6, 2025 - This post provides an overview of the Governor’s proposed 2025-26 budget for In-Home Supportive Services, provides updates on some of the most recent prior-year policy changes, and raises questions and issues for the Legislature to consider.
https://lao.ca.gov/Publications/Detail/5009