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 Citizens Fair Districts Act (version 2)

The Citizens Fair Districts Act (version 2) Preprinted Logo will go here April 4, 2007 Hon. Edmund G. Brown Jr. Attorney General 1300 I Street, 17th Floor Sacramento, California 95814 Attention: Ms. Patricia Galvan Initiative Coordinator Dear Attorney General Brown: Pursuant to Elections Code Section 9005, we have reviewed the proposed constitu- tional measure related to redistricting (A.G.
https://lao.ca.gov/ballot/2007/070245.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

^[PDF] Citizens Fair Districts Act (Version 4)

Citizens Fair Districts Act (Version 4) Preprinted Logo will go here July 31, 2007 Hon. Edmund G. Brown Jr. Attorney General 1300 I Street, 17th Floor Sacramento, California 95814 Attention: Ms. Toni Melton Initiative Secretary Dear Attorney General Brown: Pursuant to Elections Code Section 9005, we have reviewed the proposed constitu- tional measure related to redistricting (A.G.
https://lao.ca.gov/ballot/2007/070604.pdf

^[PDF] COMMUNITY EDUCATION OF CHILDREN RESIDING IN STATE HOSPITALS

This is because the increased enrollment in com- munity schools might require the acquisition and operation of new classroom facilities in place of existing classrooms located on state hospital grounds.
https://lao.ca.gov/reports/1983/02_community_education_of_children_residing_in_state_hospitals.pdf

Building Reserves to Prepare for a Recession

Mar 7, 2018 - Under the first statute, the trigger would occur if the Director of Finance projects the SFEU to exceed about 4  p ercent of General Fund revenues (currently, about $5. 4  b illion) in the prior and current year.
https://lao.ca.gov/Publications/Report/3769

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

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 14 Figure 4 compares the Governor’s proposal to address the problems with the Davis‑Dolwig Act with the LAO’s proposals, which are outlined below.
https://lao.ca.gov/2009/rsrc/Reforming_Davis-Dolwig/Davis-Dolwig_030909.pdf