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

Building Reserves to Prepare for a Recession

Mar 7, 2018 - These actions reduce the size of a potential budget problem later. During a recession, if a budget problem persists, the state must take actions to address it. These actions include spending cuts, revenue increases, and cost shifts.
https://lao.ca.gov/Publications/Report/3769

^[PDF] Building Reserves to Prepare for a Recession

These actions reduce the size of a potential budget problem later. During a recession, if a budget problem persists, the state must take actions to address it. These actions include spending cuts, revenue increases, and cost shifts.
https://lao.ca.gov/reports/2018/3769/prepare-for-recession-030718.pdf

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

Jan 20, 2026 - The measure would have the following major fiscal effects: Increased state costs that would likely be in the tens of millions of dollars annually to establish and operate a new regulatory commission overseeing certain public benefit AI com panies.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - This is because constitutional spending requirements under Proposition  98 (1988) and Proposition  2 (2014) almost entirely offset revenue gains. Moreover, we estimate costs in other programs to be about $6  billion higher than anticipated.
https://lao.ca.gov/Publications/Report/5091

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

As the ALUC, the airport authority is respon- sible for developing land use compatibility plans for the land near all 16 of the county’s airports and reviewing certain local agency land use actions for consistency with its compatibility plans.
https://lao.ca.gov/handouts/localgov/2006/SD_Airport_Authority_111706.pdf

^[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] Economic and Budget Developments

The Gov- ernor also deleted $26 million from the com- munity colleges earmarked for program im- provement, and set aside the funds for other purposes, consistent with Proposition 98 fund- ing requirements.
https://lao.ca.gov/reports/1996/update_california_7-1996.pdf