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

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - Such executives may be subject to penalties of up to $10 million per violation. In addition, certain willful misconduct —such as unauthorized expansion of AI capabilities or obstruction of investigations —would be punishable as a felony, with potential imprisonment of up to five years and fines of up to $10 million, or an amount equal to twice the financial gains resulting from the misconduct.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

^[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] CalWORKs Program Overview Hearing

CalWORKs Program Overview Hearing Moving Toward Self-Sufficiency: Allowable Activities LAO 60 YEARS OF SERVICE 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 March 9, 2005 3 " One-Parent Family: A family is eligible for the one-parent com- ponent of the program if it includes a child who is financially needy due to the death, incapacity, or continued absence of one or both
https://lao.ca.gov/handouts/socservices/2005/CalWORKs_program_030905.pdf

^[PDF] "The Anti-Corruption Act of 2000"

Currently, the California Citizens Com- pensation Commission establishes the salaries and benefits for Members of the Legisla- ture and other state-elected officials, such as the Governor, the Attorney General, and members of the State Board of Equalization.
https://lao.ca.gov/ballot/1999/990335_INT.pdf

^[PDF] HMOs and Rural California

In preparing this report, we obtained infor- mation from a variety of sources: ➢ We conducted interviews with repre- sentatives of a diverse set of key players in the rural health care com- munity, including beneficiaries, health operated health care systems, the California Medical Association, health policy researchers, state health care programs such as the Medi-Cal Program and
https://lao.ca.gov/2002/hmos_rural_ca/8-02_hmos_rural_ca.pdf

Building Reserves to Prepare for a Recession

Mar 7, 2018 - Under Proposition  2, the state must put money into the BSA until its total reaches a maximum amount of 10  p ercent of General Fund tax revenue. Currently, this is about $13. 5  b illion. Once the BSA reaches this maximum, funds that would bring the BSA above 10  p ercent of General Fund taxes must be spent on infrastructure.
https://lao.ca.gov/Publications/Report/3769

^[PDF] Proposition 7--The Solar and Clean Energy Act of 2008

Provides conditions under which CPUC or the Energy Com- mission may waive RPS-related penalties. Proposition 7’s Provisions (Continued) 6L E G I S L A T I V E A N A L Y S T ’ S O F F I C E September 10, 2008 Directs the Use of RPS Penalty Revenues.
https://lao.ca.gov/handouts/resources/2008/Proposition%207_91008.pdf