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

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] UPDATE MAY 1997

Reports are also available on the LAO's World Wide Web page at http://www.lao.ca.gov. Contact—Brad Williams—(916) 324-4942 the current and budget years com- bined, General Fund caseload sav- ings should easily exceed our esti- mate of $108 million in the Analysis (which was based only on declining AFDC-linked eligibles), and could approach $200 million.
https://lao.ca.gov/1997/cal_update/may_97_calupdate.pdf

^[PDF] San Diego County Regional Airport Authority: Assessing Governmental Accountability

The Authority Makes Signifi cant Information Readily Avail- able to the Public on its Web Site. This information includes meeting agendas, minutes, and the agency’s budget and Com- prehensive Annual Financial Report (these two fi nancial docu- ments were commended for excellence by the Government Finance Offi cers Association).
https://lao.ca.gov/handouts/localgov/2006/SD_Airport_Authority_111706.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

^[PDF] Maximizing Federal Funds for HIV/AIDS: Improving Surveillance and Reporting

The DPH is cur‑ rently developing just such a Web‑based Elec‑ tronic Laboratory Reporting (ELR) system in conjunction with a Web‑based Confidential Morbidity Report application (called the Web‑ 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 9 CMR) for the reporting of a variety of diseases, including hepatitis, measles, diphtheria, syphilis, and others.
https://lao.ca.gov/reports/2010/hlth/hiv_reporting/hiv_reporting_022210.pdf

^[PDF] Department of Real Estate: Opportunities to Improve Consumer Protection

The materials cover a range of topics, and are avail- able in the department’s field offices, as well as on its Internet Web site. In reviewing the depart- ment’s educational materials, we noted a couple of areas of concern.
https://lao.ca.gov/2009/trns/real_estate/real_estate_051209.pdf

^[PDF] Update California: Economic and Budget Developments

The losses will have a significant impact on individual com- munities throughout the state. However, the closures will take place over several years. Thus, their impact on statewide economic growth in 1995 and early 1996 will be only modest.
https://lao.ca.gov/reports/1995/update_california_7-1995.pdf