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

^[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] Promoting Access to Higher Education: A Review of the State's Transfer Process

As discussed earlier in this report, students can have a difficult time determining which com- munity college courses meet a particular set of course requirements at a UC or CSU campus, partly because course numbers for the same course can vary across segments and campuses.
https://lao.ca.gov/2006/CCC_transfer/CCC_transfer_011706.pdf

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] Evaluating the Governor's Career-Technical Education Proposal

The funds will be distributed by OPSC on a com- petitive grant basis. Funds can be used for new construction, reconfi guration, or equipment (with ten-year useful life). Requires 50/50 local match and the match can be paid over time.
https://lao.ca.gov/handouts/education/2006/Career_Tech_060096.pdf

^[PDF] Department of Water Resources—SBX7 8 Bond Appropriations

Language creates consis- tency with updated control language to allow for stream- lined updates to regulations and local assistance criteria. 24 3860-001-6051 Match Delta natural com- munities conservation plan local assistance to local needs.
https://lao.ca.gov/handouts/Conf_Comm/2010/Department_of_Water_Resources_SBX7_8_Bond_Appropriations_060710.pdf

^[PDF] As part of the curriculum frameworks process, SBE ap- points a

As part of the curriculum frameworks process, SBE ap- points a Curriculum Framework Criteria Com- mittee (CFCC). The CFCC consists primarily of current K-8 teachers but may include some noneducators.
https://lao.ca.gov/2007/instruct_material/instruct_material_052407.pdf

^[PDF] The Master Plan at 50: Connecting Financing With Statewide Goals for Higher Education

You’ve heard how other states have adopted a variety of ways to link funding to goals — from creating better fi nancial incentives for improving student success, to providing higher funding rates for higher-priority degrees, all the way to explicitly linking funding to specifi c outcomes such as graduations or transfers.
https://lao.ca.gov/handouts/education/2010/sb_testimony_mp50_040710.pdf

^[PDF] Reforming Davis-Dolwig: Funding Recreation in the State Water Project

We have found that not only is SWP integrally linked to other programs, but that its operation has created significant liabilities for other programs and funding sources, including the General Fund, without any legislative over‑ sight.
https://lao.ca.gov/2009/rsrc/Reforming_Davis-Dolwig/Davis-Dolwig_030909.pdf