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 - The current discrepancy over the size of the state ’s budget deficit —$18  billion under the Legislative Analyst ’s Office estimate versus $3  billion in the Governor ’s budget —fits squarely within that pattern.
https://lao.ca.gov/Publications/Report/5104

^[PDF] CalWORKs Program Overview Hearing

CalWORKs Program Overview Hearing Moving Toward Self-Sufficiency: Allowable Activities LAO 60 YEARS OF SERVICE L E G I S L A T I V E A N A L Y S T ’ S O F F I C E March 9, 2005 3 " One-Parent Family: A family is eligible for the one-parent com- ponent of the program if it includes a child who is financially needy due to the death, incapacity, or continued absence
https://lao.ca.gov/handouts/socservices/2005/CalWORKs_program_030905.pdf

^[PDF] The Fair Insurance Premiums and Practices Act

Brown Jr. 3 November 12, 2009 residential insurance company could not increase premiums, deny a discount on an in- surance policy, or refuse to issue or renew insurance coverage based on whether a poli- cyholder had previously made an inquiry about his or her insurance coverage.
https://lao.ca.gov/ballot/2009/090640.pdf

^[PDF] Economic and Budget Developments

The plan: {1) includes major Increases in funding for K-12 education, (2) sus- pends the renters' tax credit for one year, and (3) extends or makes permanent past tempo- rary grant reductions in the state's welfare pro- grams (but does not include any new cuts to welfare grant levels).
https://lao.ca.gov/reports/1996/update_california_7-1996.pdf

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

Bill Lockyer 3 May 12, 1999 tive measure approved by the voters in 1996. The constitutionality of the Proposition 208 contribution limits is being litigated in federal court. Should the Propo- sition 208 limits take effect, the contribution limits in this measure would be nullified and would thus have no effect.
https://lao.ca.gov/ballot/1999/990349_INT.pdf

Home Price Update: October 2021 [EconTax Blog]

Nov 18, 2021 - The next figure shows a sharp slowdown in California month to month home price growth over the past 3 months. The October state growth rate of 0.70 percent was the lowest since July 2020, if still high by historical standards.
https://lao.ca.gov/LAOEconTax/Article/Detail/714

^[PDF] UPDATE MAY 1997

The number of AFDC-linked Medi-Cal eligibles has declined by more than 3 percent over the last twelve months. This com- pares with a budget estimate of only about a 1 percent decline in the cur- rent year.
https://lao.ca.gov/1997/cal_update/may_97_calupdate.pdf

^[PDF] State Constitutional Officers

The measure would result in (1) state savings for state-elected officials’ salaries of several hundred thousand dollars; (2) no reduction in total legislative expen- ditures, given current provisions of the Constitution; and (3) unknown, probably not significant, election costs in the future.
https://lao.ca.gov/ballot/2001/010016_INT.pdf