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

^[PDF] California Postsecondary Education Commission

California Postsecondary Education Commission Figure 4 Agenda Page 357—Item 6420‑001‑0001— California Postsecondary Education Commission LAO Compromise Provision 1. To the extent that the funding in this item is not adequate to fulfill all of the Commission’s statutory responsibilities, it is the intent of the Legislature that the Commission prioritize its workload to ensure at a
https://lao.ca.gov/handouts/conf_comm/2008/CPEC_061308.pdf

^[PDF] Overview of the 2007-08 May Revision

Figure 4 summarizes the changes, which are discussed in more detail below. ➢ Corporation taxes were revised up by over $640 million for the two years com- bined. This reflects the recent healthy performance of corporate profits and greater-than-projected revenue receipts from them collected since January.
https://lao.ca.gov/2007/may_revise/may_revise_051507.pdf

^[PDF] Overview of Proposition 68

L E G I S L AT I V E A N A LY S T ’ S O F F I C E 2 Proposition 68 Funding 2019-20 Proposed Natural Resources Conservation and Resiliency $1,497 $406 $310 Restoration and conservation projects Conservancies $345 $100 $48 Restoration and conservation projects WCB 265 70 127 Voluntary agreements CNRA 200 — 70 Salton Sea management CNRA 200 30 — Habitat restoration and protection DFW 95 24 3 Los
https://lao.ca.gov/handouts/resources/2019/Prop-68-030619.pdf

^[PDF] Overview of Proposition 68

L E G I S L AT I V E A N A LY S T ’ S O F F I C E 2 Proposition 68 Funding 2019-20 Proposed Natural Resources Conservation and Resiliency $1,497 $406 $310 Restoration and conservation projects Conservancies $345 $100 $48 Restoration and conservation projects WCB 265 70 127 Voluntary agreements CNRA 200 — 70 Salton Sea management CNRA 200 30 — Habitat restoration and protection DFW 95 24 3 Los
https://lao.ca.gov/handouts/resources/2019/Prop-68-030719.pdf

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] CalWORKs Program Overview Hearing

CalWORKs Program Overview Hearing Moving Toward Self-Sufficiency: Allowable Activities LAO 60 YEARS OF SERVICE 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 March 9, 2005 3 " One-Parent Family: A family is eligible for the one-parent com- ponent of the program if it includes a child who is financially needy due to the death, incapacity, or continued absence of one or both
https://lao.ca.gov/handouts/socservices/2005/CalWORKs_program_030905.pdf

^[PDF] HMOs and Rural California

In preparing this report, we obtained infor- mation from a variety of sources: ➢ We conducted interviews with repre- sentatives of a diverse set of key players in the rural health care com- munity, including beneficiaries, health operated health care systems, the California Medical Association, health policy researchers, state health care programs such as the Medi-Cal Program and
https://lao.ca.gov/2002/hmos_rural_ca/8-02_hmos_rural_ca.pdf