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

Analysis of California’s Physician-Supervision Requirement for Certified Nurse Midwives

Mar 11, 2020 - Nurse Midwives ’ Salaries Are Generally Lower Than OB ‑GYNs ’. In California, average annual salaries for nurse midwives are $135,000, whereas OB ‑GYNs earn $225,000 annually. Thus, nurse midwives earn about 60  p ercent of what OB ‑GYNs earn.
https://lao.ca.gov/Publications/Report/4197

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

^[PDF] "Judicial Accountability Initiative Law"

Third, the initiative provides that any judge removed from office as a result of ob- taining three strikes from the special grand jury must forfeit at least half of his or her retirement benefits, and that these forfeited benefits are to be transferred to the special grand jury operating trust fund.
https://lao.ca.gov/ballot/1999/990615_INT.pdf

^[PDF] Judicial Accountability Initiative Law

Third, the initiative provides that any judge removed from office as a result of ob- taining three strikes from the special grand jury must forfeit at least half of his or her retirement benefits, and that these forfeited benefits are to be transferred to the special grand jury operating trust fund.
https://lao.ca.gov/ballot/2000/000179_INT.pdf

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

^[PDF] Vote SAFE: Secure and Fair Elections Act (version 3) (Amendment #1-S)

Any fees associated with ob- taining a valid identification card for the purpose of voting at a polling place would be waived. Fiscal Effect Counties determine how many precincts and poll workers to use at each election based on the number of expected voters and the time it takes for each voter to cast a bal- lot.
https://lao.ca.gov/ballot/2009/090258.pdf

^[PDF] Vote SAFE: Secure and Fair Elections Act

Any fees associated with ob- taining a valid identification card for the purpose of voting at a polling place would be waived. Fiscal Effect Counties determine how many precincts and poll workers to use at each election based on the number of expected voters and the time it takes for each voter to cast a bal- lot.
https://lao.ca.gov/ballot/2009/090114.pdf