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

COVID-19: American Rescue Plan’s Major Health-Related Funding Provisions

May 6, 2021 - The green line shows how the ARP Act goes beyond the level of subsidies provided by the state subsidy program across all income groups. The ARP Act ’s subsidies are more generous than those currently provided by the state subsidy program.
https://lao.ca.gov/Publications/Report/4425

^[PDF] State Constitutional Officers

Instead, future increases in salaries would not become effective until en- acted in statute by the Legislature and approved by the voters in the next regular elec- Hon. Bill Lockyer 2 February 14, 2001 tion.
https://lao.ca.gov/ballot/2001/010016_INT.pdf

^[PDF] 100556.indd

Choosing between these approaches is decided by the Legislature and Governor in enacting the annual budget act.  Functionally, fees play essentially the same funding role for com- munity colleges as they do for the University of California and the California State University.  For all three public higher education segments, student fees contribute to overall
https://lao.ca.gov/sections/Education/Ed-basics/How-Student-Fees-Contribute-CC-Funding-0710.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] Voters FIRST Act for Congress 2021

The com- mission also is to consider the geographic integrity of cities, counties, neighborhoods, and communities of interest. As under Proposition 11, compliance with the federal Vot- ing Rights Act would be required.
https://lao.ca.gov/ballot/2010/100102.pdf

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

The administration’s proposal does not address most of the problems with the ongo‑ ing implementation of Davis‑Dolwig by DWR that we have identified, and in our view, com‑ pounds some of the problems.
https://lao.ca.gov/2009/rsrc/Reforming_Davis-Dolwig/Davis-Dolwig_030909.pdf

^[PDF] Citizens Fair Districts Act

Citizens Fair Districts Act Preprinted Logo will go here December 20, 2007 Hon. Edmund G. Brown Jr. Attorney General 1300 I Street, 17th Floor Sacramento, California 95814 Attention: Ms. Krystal Paris Initiative Coordinator Dear Attorney General Brown: Pursuant to Elections Code Section 9005, we have reviewed the proposed constitu- tional measure related to redistricting (A.G.
https://lao.ca.gov/ballot/2007/070854.pdf