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

The 2019-20 Budget: Deferred Maintenance

Feb 8, 2019 - Adoption of the following language would be consistent with this recommendation: Item xxxx ‑xxx ‑xxxx. No later than January 1, 2023, [insert department name] shall submit to the fiscal committees of the Legislature and the Legislative Analyst ’s Office a report identifying the total size of its deferred maintenance backlog as of the 2018 ‑19 fiscal year and September 2022.
https://lao.ca.gov/Publications/Report/3929

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] The 2019-20 Budget: Deferred Maintenance

Adoption of the following language would be consistent with this recommendation: Item xxxx-xxx-xxxx. No later than January 1, 2023, [insert department name] shall submit to the fiscal committees of the Legislature and the Legislative Analyst’s Office a report identifying the total size of its deferred maintenance backlog as of the 2018-19 fiscal year and September 2022.
https://lao.ca.gov/reports/2019/3929/deferred-maintenance-020819.pdf

^[PDF] Supplemental Report of the 2015-16 Budget Package

The development of this plan should be developed through a process that includes stakeholder input. 17L E G I S L A T I V E A N A L Y S T ’ S O F F I C E Supplemental Report of the 2015-16 Budget Package Item 3860‑XXX‑XXXX—Department of Water Resources 1.
https://lao.ca.gov/reports/2015/supplemental/2015-16-supplemental-report.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] The 2019-20 Budget: Analysis of Governor’s Criminal Justice Proposals

Adoption of the following language would be consistent with this recommendation: Item xxxx-xxx-xxxx . No later than January 1, 2023, [insert department name] shall submit to the fiscal committees of the Legislature and the Legislative Analyst’s Office a report identifying the total size of its deferred maintenance backlog as of the 2018-19 fiscal year and September 2022 .
https://lao.ca.gov/reports/2019/3940/2019-20-CJ-Analysis-021919.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] Supplemental Report of the 2016-17 Budget Act

The report shall include information on appropriations provided to the following departments: • Item 0690‑001/101‑0001—Governor’s Office of Emergency Services. • Item 2240‑XXX‑XXXX—Department of Housing and Community Development. • Item 3340‑001‑0001—California Conservation Corps. • Item 3540‑001‑0001/3063—Department of Forestry and Fire Protection. • Item
https://lao.ca.gov/reports/2016/3493/2016-17-supplemental-report.pdf