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

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 Benefits of LAO’s Recommended Actions Our proposals for systemwide course requirements would help alleviate institutional barriers that make it difficult for qualified com- munity college students to transfer to UC and CSU.
https://lao.ca.gov/2006/CCC_transfer/CCC_transfer_011706.pdf

^[PDF] San Diego County Regional Airport Authority: Assessing Governmental Accountability

Note: If the San Diego airport authority’s board were com- prised of seven members, it could pay each member about $70,000 annually without imposing greater costs than the authority currently pays for its nine-member board.
https://lao.ca.gov/handouts/localgov/2006/SD_Airport_Authority_111706.pdf

^[PDF] Supplemental Report Of the 2002 Budget Act 2002-03 Fiscal Year CONTAINING STATEMENTS OF INTENT ADOPTED BY THE LEGISLATURE OR REQUESTS FOR STUDIES

Item 6870-001-0001—California Community Colleges 1. Student Transfer Expenditures. The Chancellor's Office of the California Com- munity Colleges shall annually report to the fiscal and policy committees of the Legislature beginning no later than December 1st, 2002, and each December 1st annually thereafter, all transfer related expenditures by districts and by individ- ual campuses, and by fund source.
https://lao.ca.gov/2002/supplemental_report/supp_rpt_2002_budget_act.pdf

^[PDF] Local Control of Local Classrooms Funding Act

Because it reduces the existing vote threshold for adopting a parcel tax, the measure would likely increase the approval rate of parcel tax measures and result in more local tax revenues for K-12 schools and com- munity colleges.
https://lao.ca.gov/ballot/2009/090692.pdf

^[PDF] California Redistricting Commission Amendment, Amendment No. 2-S

The California Constitution requires the Legislature to adjust the boundaries of districts for the state Legislature (Assembly and Senate), State Board of Equalization, and U.S. House of Representatives from California, every ten years, fol- lowing the federal census.
https://lao.ca.gov/ballot/1999/991002_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

^[PDF] Overview of California’s Master Plan for Higher Education

The Master Plan expressed legislative intent that high school graduates not immediately eligible for UC or CSU could first attend community college and later transfer to the university. Thus, the plan directs UC and CSU to accept all qualified com- munity college students.
https://lao.ca.gov/handouts/education/2005/Master_Plan_Overview_022205.pdf