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 2026-27 Budget: California Community Colleges

Mar 5, 2026 - Under SCFF, districts receive apportionment funding for regular credit courses based on three components: (1)  a base allocation linked to  enrollment, (2)  a supplemental allocation linked to low ‑income student counts, and (3)  a student success allocation linked to specified student outcomes.
https://lao.ca.gov/Publications/Report/5150

Assessment of CSU’s Graduation Initiative 2025

Dec 10, 2025 - Moreover, CSU ’s allocation factors have varied from strongly linked with program objectives (for example, Pell Grant counts) to not linked (for example, providing a flat amount to every campus regardless of need or performance).
https://lao.ca.gov/Publications/Report/5099

The 2026-27 Budget: County Administration and H.R. 1 Implementation

Mar 5, 2026 - Without a methodology that links funding to workload, funding could become insufficient or exceed what is required for efficient operations without a clear way of assessing what adjustments are needed.
https://lao.ca.gov/Publications/Report/5149

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

The 2026-27 Budget: Cap-and-Invest Expenditure Plan

Feb 10, 2026 - Additionally, CARB still is considering linking California’s cap‑and‑invest program with the program in Washington state. Such a linkage could affect allowance prices in both states as they come into alignment.
https://lao.ca.gov/Publications/Report/5114

The 2025‑26 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 20, 2024 - Most of this increase appears linked with special forms of pay for high ‑income workers, such as bonuses and stock compensation. These increases, in turn, are linked with the recent run up in the stock market.
https://lao.ca.gov/Publications/Report/4940

The 2026-27 Budget: California Education Learning Lab

Mar 25, 2026 - For example, some Learning Lab projects have resulted in higher pass rates for certain STEM courses while other projects have been linked to improving students ’ motivation and sense of belonging. Projects Are Challenging to Scale.
https://lao.ca.gov/Publications/Report/5171

The 2023-24 Budget: Higher Education Overview

Jan 31, 2023 - In contrast, no formula links the funding the Governor proposes for CSU and UC to their actual enrollment levels, the composition of their student bodies, or their specific performance outcomes. Furthermore, the Governor ’s proposed base increases for CSU and UC generally are not linked to any specific cost increases (such as for salaries, utilities, and equipment) —reducing both budget transparency and accountability.
https://lao.ca.gov/Publications/Report/4664