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

LAO Publications

We develop a three-tiered approach to making these reduc-tions, first identifying cuts that would have the least pr ogrammatic effect. To help districts respond to these reductions, the administration proposes to permanently suspend most categorical program requirements and all but three K-14 ma ndates.
https://lao.ca.gov/Publications?page=187&year=0&productid=0&categoryid=0

2005 Initiative Analysis: Pupil Testing

Since the initiative would provide grants only to students who achieve a pr oficient score “on all portions of the standards-based” STAR tests, students would have to perform well on up to four tests to qualify for a grant.
https://lao.ca.gov/ballot/2005/050567.htm

The 2026-27 Budget: California Education Learning Lab

Mar 25, 2026 - These more fundamental accountability and fiscal pr ovisions likely translate into the segments ’ efforts having a more pervasive impact than Learning Lab. Faculty Can Access Similar Funding Through Federal Grants.
https://lao.ca.gov/Publications/Report/5171

LAO Publications

Our review of the plan now under development suggests that it could help pr eserve the financial stability of public hospitals but also raises some significant fiscal and policy issues. Format:
https://lao.ca.gov/publications?page=141&year=0&publicationType=0

LAO Publications

We project that continued revenue growth will trigger all of the vehicle license fee (VLF) reductions previously agreed to, enable full funding of all current-law programs, and pr oduce significant budgetary reserves in the next several years.
https://lao.ca.gov/publications?page=180&year=0&publicationType=0

LAO Publications

Our review of the plan now under development suggests that it could help pr eserve the financial stability of public hospitals but also raises some significant fiscal and policy issues. Format:
https://lao.ca.gov/Publications?page=141&year=0&publicationType=0

LAO Publications

We project that continued revenue growth will trigger all of the vehicle license fee (VLF) reductions previously agreed to, enable full funding of all current-law programs, and pr oduce significant budgetary reserves in the next several years.
https://lao.ca.gov/Publications?page=180&year=0&publicationType=0

Initiative Analyses

Revenue from decal sales would support educational, public social services, parks and recreation, and environmental pr otection programs.
https://lao.ca.gov/BallotAnalysis/Initiatives?page=64