How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent). Perhaps more concerning, income tax revenues stayed depressed for years following major downturns.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent). Perhaps more concerning, income tax revenues stayed depressed for years following major downturns.
https://lao.ca.gov/LAOEconTax/article/Detail/852

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

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

Nov 28, 2023 - For 2023-24, the budget package assumes LCFF costs will be $597  million above revised 2022-23 levels. (This assumes an additional 42,000 children will be enrolled in TK in 2023-24.) The budget also assumes $100  million in savings in 2022-23 and an additional $164  million in costs in 2023-24 associated with the requirement that school districts
https://lao.ca.gov/Publications/Report/4818

The 2023-24 Budget: Proposition 98 Overview and K-12 Spending Plan

Feb 7, 2023 - The 2023-24 Budget: Proposition 98 Overview and K-12 Spending Plan Arts, Music, and Instructional Materials Discretionary Block Grant ‑$1,174 Total K ‑12 Spending Changes $5,221 a Applies to Special Education, State Preschool, Child Nutrition, K ‑12 mandates block grant, Charter School Facility Grant Program, Foster Youth Program, American Indian education programs, and Adults in Correctional Facilities.
https://lao.ca.gov/Publications/Report/4670

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 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - K ‑12 Attendance Projected to Drop in 2021 ‑22, Rise Over the Following Four Years. The state did not collect school attendance data in 2020 ‑21 due to the pandemic and the temporary switch to remote learning.
https://lao.ca.gov/Publications/Report/4473

The 2025-26 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 13, 2025 - Districts Spent $1.6   Billion Through 2023 ‑24 and Report Faster Spending in 2024 ‑25. The December 2024 interim reports show that districts spent $1.6  billion through the first two years of the program (2022 ‑23 and 2023 ‑24).
https://lao.ca.gov/Publications/Report/4963

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

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