The 2020-21 Budget: California's Spring Fiscal Outlook

May 8, 2020 - This occurs despite the fact that the U ‑shaped recession assumes the economy begins to recover this summer and the L ‑shaped recession assumes the economy begins recovering later in 2021. The state would face annual deficits of about $ 20  b illion in the somewhat optimistic U ‑shaped recession scenario through 2023 ‑24 (the last year of our projections).
https://lao.ca.gov/Publications/Report/4228

The 2020-21 Budget: U-Visa I-918 Form Mandate

Mar 4, 2020 - Below, we discuss the U-Visa I-918 Form mandate, which is one of two newly identified state mandates in the 2020-21 bu dget. Background U-Visa. Victims of crime without legal status in the U.S. who cooperate with the investigation of the crimes against them and meet certain other requirements are eligible to apply for a U-Visa.
https://lao.ca.gov/Publications/Report/4192

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - Civil penalties on covered co mpanies may be assessed as a percentage of annual gross revenue, beginning at 5 percent for initial violations and increasing to as much as 100 percent for violations that remain u ncured over specified time periods.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

^[PDF] Building Reserves to Prepare for a Recession

By most measures, the recession of the early 1990s was more severe than the dot-com bust in the early 2000s. For example, unemployment in California reached 9.7 percent in mid- to late-1992, but peaked at 6.9 percent after the dot-com bust.
https://lao.ca.gov/reports/2018/3769/prepare-for-recession-030718.pdf

Updating the California Necessities Index

Aug 14, 2025 - Further, the difference between the CNI and the CA CPI ‑U and CA CPI ‑W is often large. Figure  2 shows differences between the proposed measures in each year since 1978. In about half of years, the CNI differed from the CA CPI ‑U and the CA CPI ‑W by at least 1  percentage point.
https://lao.ca.gov/Publications/Report/5065

^[PDF] Oversight of Budget Reserves

Jesse Gabriel, Chair P R E S E N T E D T O : 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 Oversight of Budget Reserves A U G U S T 6 , 2 0 2 4 L E G I S L AT I V E A N A LY S T ’ S O F F I C E 1 California’s Budget Reserves Special Fund for Economic Uncertainties.
https://lao.ca.gov/handouts/state_admin/2024/Budget-Reserves-Overview-080624.pdf

^[PDF] The 2020-21 Budget: California’s Spring Fiscal Outlook

Similarly, there did not appear to be signs of major overheating in key assets, as with stocks in the dot-com recession gutter analysis full 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 2 0 2 0 - 2 1 B U D G E T 4 and housing in the Great Recession.
https://lao.ca.gov/reports/2020/4228/spring-outlook-2020.pdf

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

January Budget Proposal for 3 Positions at Public Utilities Commission to Support Procurement of Advanced Energy Storage (AES).

May 18, 2010 - The California Energy Commission (CEC) and the California Independent System Operator (CAISO) recognize that a great deal of research is still necessary in order to make AES a com mercially viable option which can be deployed in a cost-effective manner.
https://lao.ca.gov/Recommendations/Details/229