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

Under the admin‑ istration’s proposed ap‑ proach, the expenditure of these monies would not be subject to annual review and appropria‑ tion by the Legislature in the annual budget act. 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 a n L a O R e p O R t 12 ➢ A statutory clarification to declare in stat‑ ute that there is no obligation for contrac‑ tors to be
https://lao.ca.gov/2009/rsrc/Reforming_Davis-Dolwig/Davis-Dolwig_030909.pdf

^[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] "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

^[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] The Citizen Legislature Act (version C)

Under cur- rent provisions of the Constitution, any savings resulting from this measure (such as the reduced costs for Senator and Assembly Member salaries) would be available—if ap- proved by the Legislature and the Governor in the annual budget act—for other legisla- tive expenditures, including costs for legislative staff and constituent services.
https://lao.ca.gov/ballot/2009/090577.pdf

^[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