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] State Constitutional Officers

Bill Lockyer 2 February 14, 2001 tion. The measure also specifies that benefits such as medical, dental, and insurance would not exceed those provided to state employees. Fiscal Effect The measure’s provision to eliminate the California Citizens Compensation Com- mission would result in savings of $25,000.
https://lao.ca.gov/ballot/2001/010016_INT.pdf

^[PDF] Higher Education Enrollment

This increase is partly in recognition of the enrollment that is expected to be diverted from UC and CSU to the community colleges. • When enrollment proposals for all three segments are com- bined, the Governor’s budget funds a net increase of about 28,000 FTE students.
https://lao.ca.gov/handouts/education/2004/Higher_Education_Enrollment_041404.pdf

The 2025-26 California Spending Plan: Proposition 4

Oct 16, 2025 - Figure 2 Budget Package Approves New Positions to Implement Proposition 4 Department
https://lao.ca.gov/Publications/Report/5076

The 2025-26 California Spending Plan: Proposition 4 [Publication Details]

Oct 16, 2025 - The 2025-26 California Spending Plan: Proposition 4 [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/5076

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

Brown Jr. 2 April 4, 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/2007/070245.pdf

^[PDF] Special Education

In addition to the special education funds, we estimate there are $21 million in Proposition 98 funds available that could be spent on any one-time K-14 program. MOE Calculation Special Education Total General Fund appropriation $2,661.7 Total General Fund spending 2,601.4 Difference $60.3 MOE $2,628.0 Needed to meet MOE $26.6 LAO 60 YEARS OF SERVICE 5L E G I S L A T I V E A N A L Y S T ’ S O F F I C E April 4, 2005
https://lao.ca.gov/handouts/education/2005/Special_Education_040405.pdf

^[PDF] May 8, 2000 The 2000-01 Senate Budget Bill SB 1344 (Peace) As Adopted by the Budget and Fiscal Review Committee

Employee Compensation • Provided $30 million for unspecified employee com- pensation adjustments • Approved as budgeted. • — Tax Proposals • Proposes nine benefit changes. • Incorporated Governor's proposals. • $167 million cost. 4 L E G I S L A T I V E A N A L Y S T ’ S O F F I C EMay 8, 2000 The 2000-01 Senate Budget Bill General Fund Condition (In Millions) þ The Governor proposes a 2000-01 General Fund reserve of $1.2 billion.
https://lao.ca.gov/2000/050800_senate_floor_packet.pdf