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

^[PDF] The Citizens Fair Districts Act (version 2)

This measure would limit future redistricting costs to 90 percent of this amount, adjusted for inflation. Due to this limit, the measure could slightly reduce future redistricting costs by a few hun- dred thousand dollars every ten years.
https://lao.ca.gov/ballot/2007/070245.pdf

^[PDF] Citizens Fair Districts Act

This measure would limit future redistricting costs to 90 percent of this amount, adjusted for inflation. Due to this limit, the measure could slightly reduce future redistricting costs by a few hun- dred thousand dollars every ten years.
https://lao.ca.gov/ballot/2007/070854.pdf

^[PDF] Citizens Fair Districts Act (Version 4)

This measure would limit future redistricting costs to 90 percent of this amount, adjusted for inflation. Due to this limit, the measure could slightly reduce future redistricting costs by a few hun- dred thousand dollars every ten years.
https://lao.ca.gov/ballot/2007/070604.pdf

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] Building Reserves to Prepare for a Recession

By most measures, the recession of the early 1990s was more severe than the dot-com bust in the early 2000s. For example, unemployment in California reached 9.7 percent in mid- to late-1992, but peaked at 6.9 percent after the dot-com bust.
https://lao.ca.gov/reports/2018/3769/prepare-for-recession-030718.pdf

^[PDF] An LAO Higher Education “Compacts”: An Assessment

An exception is funding for SSI/SSP, which continued a decline started in 1989-90, even after funding for the other depart- ments leveled off or began to increase. We should note that while per capita CDC funding has declined slightly in the 1990s, total program costs grew dramatically during the period due to signifi- cant caseload increases.
https://lao.ca.gov/1999/082699_compacts/082699_compacts.pdf

^[PDF] Reforming Davis-Dolwig: Funding Recreation in the State Water Project

Reforming Davis-Dolwig: Funding Recreation in the State Water Project 88-89 90-91 92-93 94-95 96-97 98-99 00-01 02-03 04-05 06-07 Capital Costs Operations and Maintenance $155 Million (cumulative unfunded amount as of 2006-07) rejected by the Legislature because of concerns that the administration had not provided a comprehensive solution to the implementation problems related to the Davis‑Dolwig Act.
https://lao.ca.gov/2009/rsrc/Reforming_Davis-Dolwig/Davis-Dolwig_030909.pdf

^[PDF] COMMUNITY EDUCATION OF CHILDREN RESIDING IN STATE HOSPITALS

Under prior law, DDS was permitted to make cash advances to LEAs for up to 90 days, based on a per-diem rate. Chapter 1201 instead requires monthly cash advances to LEAs based on actual expenditures and enrollment in the prior year.
https://lao.ca.gov/reports/1983/02_community_education_of_children_residing_in_state_hospitals.pdf