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

MOU Fiscal Analysis: Bargaining Unit 12 (Craft and Maintenance)

Jun 27, 2025 - Furloughs have been used in nine fiscal years since 1992 (1992-93, 1993-94, 2003-04, 2008-09 through 2012-13, and 2020-21). Typically, a furlough for state employees reduces state employee pay by 4.62  percent in exchange for one day (eight hours) off per month without affecting other elements of compensation (for example, pension and health benefits).
https://lao.ca.gov/Publications/Report/5060

The 2025-26 California Spending Plan: Proposition 98 and K-12 Education [Publication Details]

Nov 10, 2025 - The 2025-26 California Spending Plan: Proposition 98 and K-12 Education [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5087

The 2025-26 California Spending Plan: Proposition 98 and K-12 Education

Nov 10, 2025 - The 2025-26 California Spending Plan: Proposition 98 and K-12 Education $453 STEM = Science, Technology, Engineering, and Math. Funds Teacher Residency Grant Program. The budget provides $70  million to support the expansion of teacher residency programs.
https://lao.ca.gov/Publications/Report/5087

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 Local Control Funding Formula for School Districts and Charter Schools

Jan 9, 2023 - As Figure  6 shows, out of the $95.5  billion Proposition  98 funding provided to K ‑12 education in 2022 ‑23, $75.5  billion went towards funding the LCFF for school districts and charter schools (about 80  percent).
https://lao.ca.gov/Publications/Report/4661

The 2021-22 Spending Plan: Proposition 98 and K-12 Education

Oct 25, 2021 - The 2021-22 Spending Plan: Proposition 98 and K-12 Education Ongoing data collection and program evaluations. Collecting data and conducting program evaluations. a The local match can be met either through cash contributions or through services or resources of comparable value, as determined by the California Department of Education.
https://lao.ca.gov/Publications/Report/4466

The 2023-24 California Spending Plan: Proposition 98 and K-12 Education [Publication Details]

Nov 28, 2023 - The 2023-24 California Spending Plan: Proposition 98 and K-12 Education [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4818

The 2023-24 California Spending Plan: Proposition 98 and K-12 Education

Nov 28, 2023 - The budget package includes several other minor ongoing Proposition  98 increases in K-12 education. High Speed Network. The budget provides $3.8  million on an ongoing basis to primarily backfill the ramp down of temporary funds for K-12 High Speed Network program activities.
https://lao.ca.gov/Publications/Report/4818