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

MOU Fiscal Analysis: Bargaining Unit 7 (Protective Services and Public Safety) [Publication Details]

Aug 8, 2019 - MOU Fiscal Analysis: Bargaining Unit 7 (Protective Services and Public Safety) [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4085

MOU Fiscal Analysis: Bargaining Unit 7 (Protective Services and Public Safety)

Aug 8, 2019 - Overtime is a significant component of Unit 7 members ’ compensation. In 2018, Unit 7 members received a total of $53  million in overtime —averaging about $9,000 per employee who earned overtime. We estimate that the scheduled pay increases could result in Unit 7 overtime costs increasing by more than $7  million.
https://lao.ca.gov/Publications/Report/4085

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] 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

Building Reserves to Prepare for a Recession

Mar 7, 2018 - By most measures, the recession of the early 1990s was more severe than the dot ‑com bust in the early 2000s. For example, unemployment in California reached 9. 7  p ercent in mid ‑ to late ‑1992, but peaked at 6. 9  p ercent after the dot ‑com bust.
https://lao.ca.gov/Publications/Report/3769

^[PDF] Community Hospital Taxes (Version 7)

Community Hospital Taxes (Version 7) Preprinted Logo will go here December 22, 2009 Hon. Edmund G. Brown Jr. Attorney General 1300 I Street, 17th Floor Sacramento, California 95814 Attention: Ms. Krystal Paris Initiative Coordinator Dear Attorney General Brown: Pursuant to Elections Code Section 9005, we have reviewed the proposed initiative (A.G.
https://lao.ca.gov/ballot/2009/090746.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] Higher Education Enrollment

The Assembly approved the Governor’s origi- nal request for roughly 7 percent growth. ! July 2003. The Budget Conference Committee adopted the Assembly version with regard to enrollment funding and related budget bill language specifying enrollment growth rates of 6.9 percent at UC and 7.1 percent at CSU.
https://lao.ca.gov/handouts/education/2004/Higher_Education_Enrollment_041404.pdf