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] 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

^[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

^[PDF] State's Fiscal Outlook Brightens

Reports are also available on the LAO's World Wide Web page at http://www.lao.ca.gov. ------------------~------------------------4
https://lao.ca.gov/reports/1997/update_california_5-1997.pdf

^[PDF] 2009-10 Budget Analysis Series: Transportation

Simple capital improve- ments generally take a couple of years to com- plete from the time initial plans are prepared, through project development, to the end of construction. Complex projects take longer, sometimes many years, to complete.
https://lao.ca.gov/analysis_2009/transportation/trans_anl09.pdf