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

2001 Budget Analysis: School Accountability

The Academic Performance Index (API) is the cornerstone of the PSAA. Its purpose is to measure a school's academic performance and the growth in performance over time. Recently, the second annual set of API scores was released, allowing the first API growth scores to be calculated.
https://lao.ca.gov/analysis_2001/education/ed_10_sch_acct_anl01.htm

^[PDF] Next Steps for Improving State Accountability for Alternative Schools

The state sets annual API “growth targets” for schools scoring below 800, produces a statewide API ranking of all schools, and develops a “similar schools” API ranking to compare demographically alike schools.
https://lao.ca.gov/reports/2015/edu/alt-ed/improving-accountability-051615.pdf

2001 Budget Analysis: K-12 Databases

The API Student-Level Database May Have Great Potential We withhold recommendation on the $5 million Academic Performance Index (API) database proposal because of the significant number of unanswered questions about how the API database will operate.
https://lao.ca.gov/analysis_2001/education/ed_12_Databases_anl01.htm

^[PDF] Improving High Schools: A Strategic Approach

This limited success also suggests that there are few other incentives com- pelling secondary and postsecondary vocational education to coordinate. An evaluation of the Tech-Prep program published in 2004 supports this conclusion.
https://lao.ca.gov/2005/high_schools/improving_hs_050905.pdf

^[PDF] LAO 2001 Budget Analysis: Education Chapter

By com- parison, 34 percent of the reviewed instruction was graded as low quality for German classrooms, and 11 percent for Japanese classrooms. The study also found that new teachers in the U.S received less on-the-job training, less mentoring, and less preparation time than teachers in Germany or Japan.
https://lao.ca.gov/analysis_2001/education/ed_anl01.pdf

^[PDF] LAO 2002 Budget Analysis: Education Chapter

The OSE Contracts for API Data Collection Study. The 2000-01 Bud- get Act provided $500,00 for the OSE to conduct a study to determine how data on graduation rates, student and teacher attendance rates, and other potential academic indicators should be collected by the state to support the API.
https://lao.ca.gov/analysis_2002/education/ed_anl02.pdf

Next Steps for Improving State Accountability for Alternative Schools

During this period, however, API scores were not reported for many alternative schools. Figure 4 shows that in 2013 (the last year in which the state calculated API scores), the state published API scores for only half of alternative schools, compared to 97 percent of traditional high schools.
https://lao.ca.gov/reports/2015/edu/alt-ed/improving-accountability-051615.aspx