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

Mar 9, 2026 - The three minor downturns  (1981, 1987, and 1990) led to income tax declines of less less than 10 percent (average of 5 percent), with revenues recovering quickly. The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent).
https://lao.ca.gov/LAOEconTax/Article/Detail/852

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

Mar 9, 2026 - The three minor downturns  (1981, 1987, and 1990) led to income tax declines of less less than 10 percent (average of 5 percent), with revenues recovering quickly. The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent).
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - As part of the 2021‑22 budget package, the Legislature and Governor agreed to add 206,800 non‑CalWORKs child care slots over a multiyear period. To date, the state has funded 129,800 additional slots—a 113.8 percent increase in non‑CalWORKs slots compared to 2020‑21 levels.
https://lao.ca.gov/Publications/Report/5168

^[PDF] Improving State Nursing Programs to Ensure an Adequate Health Workforce

However, in recent years the segments have contended that this funding ap- proach impedes their ability to respond quickly to the increased demand for nurses. This is because the costs to educate a student in a nurs- ing program are much higher than the nominal per-student funding rate.
https://lao.ca.gov/2007/nursing/nursing_052907.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] The McCauley-Rosen Wealth Tax and Oceans Preservation Act

Passed by voters in 1988, Proposition 98 provides a minimum annual funding level for schools and com- munity colleges that is driven by such factors as the growth in state personal income and the level of state General Fund revenues.
https://lao.ca.gov/ballot/2009/090802.pdf

LAO 2008 Budget Analysis: County Administration and Automation Projects (5180)

Now a series of smaller applications are developed and each performs a discreet function or “service. ” This is referred to as “service –oriented architecture ” and it allows for system changes to be accomplished more quickly.
https://lao.ca.gov/analysis_2008/health_ss/hss_anl08014.aspx

The 2019-20 Budget: Early Education Analysis

Mar 4, 2019 - Non ‑LEAs Might Not Be Able to Expand as Quickly as Proposed. If adopted, the Governor ’s proposal would increase non ‑LEA full ‑day slots by about 40  p ercent in 2019 ‑ 20 —the largest slot increase earmarked for non ‑LEAs to date.
https://lao.ca.gov/Publications/Report/3956

The 2024-25 Budget: Child Care

Apr 15, 2024 - Additionally, we understand that incorporating additional funds for new CAPP slots in initial July  1  contracts could make it easier for AP agencies to budget expenditures on an annual  basis. Depending on how quickly AP agencies ramp up internal capacity to administer new CAPP slots, families may also be served earlier.
https://lao.ca.gov/Publications/Report/4893

LAO 2005 Budget Analysis: Department of Corporations (2180)

The proposal to make the pilot program permanent includes funding (ba sed on a four-year cycle) for replacing servers. At the same time, the expansion proposal includes $40,000 to replace current servers.
https://lao.ca.gov/analysis_2005/general_govt/gen_13_2180.htm