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] Digital Elections, Amendment No. 1-S

POLANCO CAROLE MIGDEN JOHN VASCONCELLOS GEORGE RUNNER CATHIE WRIGHT RODERICK WRIGHT December 28, 1999 Hon. Bill Lockyer Attorney General 1300 I Street, 17th Floor Sacramento, California 95814 Attention: Ms.
https://lao.ca.gov/ballot/1999/990842_INT.pdf

Revised Seismic Safety Commission funding proposal

May 23, 2012 - Such a tax would not be permissible because Article XIII , Section 28(f), of the Constitution states that with limited exceptions the state’s insurance tax (one of the General Fund's major revenue sources) shall be in lieu of all other state and local taxes on insurers.
https://lao.ca.gov/Recommendations/Details/576

^[PDF] Overview of Recent Changes in the In-Home Supportive Services Program

Providers must com- plete four main steps to be enrolled as an IHSS provider. New providers must complete the process by November 1, 2009 and current providers have until June 30, 2010.  Step 1: Provider Enrollment Form.
https://lao.ca.gov/handouts/socservices/2009/IHSS_Overview_10_28_09.pdf

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091

^[PDF] The Governor's Special Session Proposal to Reduce the Prison Population

Such a change would increase the likelihood that they are sentenced to prison. 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 January 28, 2010 Approve Governor’s Proposal With Modifi cations  Reduce Savings Estimates.
https://lao.ca.gov/handouts/crimjust/2010/SS_Prison_Population_Reduction_01_28_10.pdf

^[PDF] The 2004-05 Budget Bill, SB 1113, as Amended

LAO 60 YEARS OF SERVICE 4L E G I S L A T I V E A N A L Y S T ’ S O F F I C E July 28, 2004 Major Actions Higher Education Fee Increases. Approves $8 per unit fee increase at California Com- munity Colleges (CCC), thus raising the fee to $26 per unit.
https://lao.ca.gov/2004/floor_packet/072804_Floor_sb1113.pdf

^[PDF] Transportation Funding Overview

Bonnie Lowenthal, Chair Transportation Funding Overview 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 February 28, 2011 LAO 70 YEARS OF SERVICE 1L E G I S L A T I V E A N A L Y S T ’ S O F F I C E February 28, 2011 LAO 70 YEARS OF SERVICE  Dedicated transportation revenues have grown 89 percent from $3.5 billion in 1999-00 to an estimated $6.7 billion in
https://lao.ca.gov/handouts/transportation/2011/Trans_Funding_Overview_02_28_11.pdf