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] The Gaming Control Act of 1998

The measure im- poses a 10 percent gross revenue tax on the City of Palm Springs’ video gambling ma- chines. These funds would be distributed on a statewide basis for support of local pub- Hon. Daniel E.
https://lao.ca.gov/ballot/1998/980074_INT.pdf

^[PDF] The Gaming Control Act

The measure im- poses a 10 percent gross revenue tax on the City of Palm Springs’ video gambling ma- chines. These funds would be distributed on a statewide basis for support of local pub- Hon. Daniel E.
https://lao.ca.gov/ballot/1998/980075_INT.pdf

^[PDF] As part of the curriculum frameworks process, SBE ap- points a

As part of the curriculum frameworks process, SBE ap- points a Curriculum Framework Criteria Com- mittee (CFCC). The CFCC consists primarily of current K-8 teachers but may include some noneducators.
https://lao.ca.gov/2007/instruct_material/instruct_material_052407.pdf

^[PDF] California's Tax Expenditure Programs: Income Taxes

The franchise tax accounts for the ma- jority of revenues raised under the BCT, and generally is the tax being referred to when the term “corporate income tax” is used (even though there is a separate smaller corporate income tax, as discussed below).
https://lao.ca.gov/1999/tax_expenditure_299/tep_299_income_tax.pdf

^[PDF] Overview of the Major Issues Regarding the Use of Tax-Exempt Bonds in California

The bas ic araument in f avor of com etitive underwritin naturally is trat the forces of open market competition will tend to 1 minimize the profit spreads whi ch underwriters wi ll accept and (2) induce underwri ters to seek out the "best" (tha t is, 1ov.'
https://lao.ca.gov/reports/1983/overview_of_major_issues_regarding_the_use_of_tax-exempt_bonds_in_california.pdf

^[PDF] March 2010 Fiscal Update

With a fairly weak economic recovery expected, and the short-term nature of many federal relief funds and previous budget actions, the ma- jority of the Legislature’s budget-balancing decisions this year need to be ongoing or multiyear in nature in order to begin restoring state finances to a sound footing.
https://lao.ca.gov/analysis/2010/2010_pandi/fiscal_update_memo_031910.pdf

2017 May Revision: LAO Economic Outlook [EconTax Blog]

May 11, 2017 - All of these factors ma y inhibit the growth of the economy over the next several years. Inflation and Workforce Constraints Possible. Our economic growth scenario assumes somewhat higher inflation and interest rates, a slowing of job growth, and increasing wage growth, at least in the near term.
https://lao.ca.gov/LAOEconTax/Article/Detail/239