How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Smaller, short-lived corrections occur frequently, among them the 1997 Asian financial crisis, the 2011 U.S. debt celing standoff, the 2015 Chinese growth slowdown, the early pandemic drop in 2020, and the 2025 tariff selloff.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Smaller, short-lived corrections occur frequently, among them the 1997 Asian financial crisis, the 2011 U.S. debt celing standoff, the 2015 Chinese growth slowdown, the early pandemic drop in 2020, and the 2025 tariff selloff.
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] San Diego County Regional Airport Authority: Assessing Governmental Accountability

Throughout the United States, sheriffs typically do not ap- point members to the airport governance board. In general, this is because the sheriff’s responsibilities do not overlap signifi cantly with the responsibilities of an airport authority.
https://lao.ca.gov/handouts/localgov/2006/SD_Airport_Authority_111706.pdf

^[PDF] Voters FIRST Act for Congress 2021

The measure states that the commission will approve congressional redis- tricting maps every ten years beginning in 2021 (following the 2020 census). The com- mission would draw congressional districts essentially as it draws other district lines under Proposition 11.
https://lao.ca.gov/ballot/2010/100102.pdf

Home Price Update: October 2021 [EconTax Blog]

Nov 18, 2021 - Previous recessions have had disparate effects on home prices: they were largely unaffected by the collapse of the dot-com bubble in 2001, while in the late 2000s the collapse of the housing bubble was the single biggest factor that led to the financial crisis.
https://lao.ca.gov/LAOEconTax/Article/Detail/714

^[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] "Let the Voters Decide II Act of 2000”

Currently, the California Citizens Com- pensation Commission establishes salaries and benefits for Members of the Legislature and other state-elected officials, such as the Governor, the Attorney General, and the members of the State Board of Equalization.
https://lao.ca.gov/ballot/1999/990438_INT.pdf

^[PDF] The use of such sales to public or nonprofit entities as

The use of such sales to public or nonprofit entities as com- parables can present challenges because often the sales price in such transactions does not reflect the property’s FMV, but rather an amount lower than FMV so as to accommodate a chari- table contribution.
https://lao.ca.gov/2007/res_appraisals/res_appraisals_101807.pdf

Home Prices Update: September 2021 [EconTax Blog]

Oct 20, 2021 - September 2021 data again show torrid growth in home prices in both California and the rest of the country over the past year: the typical home in California has appreciated 21.8 percent since September 2020, well above the national figure of 18.4 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/706