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

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

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

The 2024-25 Budget: State Preschool

Apr 16, 2024 - The amount set aside for collective bargaining as part of the of the 2023 ‑24 budget agreement ($1.3  billion) exceeds the estimated costs by $888  million. 2023 ‑24 Budget Extended Temporary Reimbursement Flexibility for Two Additional Years.
https://lao.ca.gov/Publications/Report/4894

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

LAO 2007 Budget Analysis: Supplemental Security Income/ State Supplementary Program

As the figure indicates, grants for individuals will increase by $32 to a total of $888 per month, and grants for couples will increase by $56 to a total of $1,558 per month. As a point of reference, we note that the federal poverty guideline for 2007 is $851 per month for an individual and $1,141 per month for a couple.
https://lao.ca.gov/analysis_2007/health_ss/hss_12_anl07.aspx

^[PDF] LAO 2002 Budget Analysis: Capital Outlay Chapter

Figure 7 Stanislaus: Science II (Seismic) LAO Recommended Project Funding (In Thousands) Proposal LAO Recommendation Difference Preliminary plans $922 $742 $180 Future Costs: Working drawings 1,104 888 216 Construction 44,592 36,868 7,724 Equipment 7,585 7,585 — Subtotals, Future Cost ($53,281) ($45,341) ($7,940) Totals, Project Cost $54,203 $46,084 $8,120 Applying our
https://lao.ca.gov/analysis_2002/cap_outlay/co_anl02.pdf

^[PDF] 1969 Budget Analysis: Local Assistance

We find it difficult to understand why such federal funds have not been used 888 Item 326 Local Assistance to improve the administration and evaluation of a program as critical as the Miller-Unruh Basic Reading Act.
https://lao.ca.gov/analysis/1969/21_local%20_assistance_1969.pdf

^[PDF] CalWORKs Program Overview Hearing

CalWORKs Program Overview Hearing Moving Toward Self-Sufficiency: Allowable Activities LAO 60 YEARS OF SERVICE L E G I S L A T I V E A N A L Y S T ’ S O F F I C E March 9, 2005 3 " One-Parent Family: A family is eligible for the one-parent com- ponent of the program if it includes a child who is financially needy due to the death, incapacity, or continued absence of one or both
https://lao.ca.gov/handouts/socservices/2005/CalWORKs_program_030905.pdf