LAO Analysis of the 2002-03 Budget: Education, Public Employees' Retirement System Deferral

Through a com plex series of calculations, this provision reduces each district's (or county office's) revenue limit payments to the extent that PERS contribution rates are less today than they were in the 1982-83 fiscal year.
https://lao.ca.gov/analysis_2002/education/ed_03_cc_PERS_anl02.htm

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

Supplements E&F: California Tax Policy and the Internet

Telephone and Internet activities are routed through a com plex system of microwave transmissions, fiber optics, satellites, and cables which make the tasks associated with identifying the direct costs associated with a particular tr ansmission financially prohibitive.
https://lao.ca.gov/2000/013100_inet_tax/013100_internet_sup3.html

^[PDF] Implementation of AB 32 - Global Warming Solutions Act of 2006

Such AB 32-related regulations as the Low Carbon Fuel Standard and the proposed cap-and-trade regulation can be particularly com- plex and break new regulatory ground, thereby making the required economic analysis chal- lenging and labor-intensive.
https://lao.ca.gov/reports/2010/rsrc/ab32_implementation/ab32_implementation_041410.pdf

Evaluation of the Statewide Project Management Office

Dec 7, 2017 - This allowed the PMO to test the potential of the centralized project management approach and build the reputation and capacity of the office gradually, with the intention of scaling up to larger, more com plex projects once the office was more established.
https://lao.ca.gov/Publications/Report/3723

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

^[PDF] Uses of State Bond Proceeds

OVERSIGHT OF BOND FUND EXPENDITURES The state's bond activity has grown and become more com- plex in recent years. However, there has been no concurrent improvement in the systems necessary for adequately tracking and monitoring bond fund expenditures.
https://lao.ca.gov/1991/reports/361_0291_uses_of_state_bond_proceeds.pdf

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091