Building Reserves to Prepare for a Recession

Mar 7, 2018 - 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  p ercent in mid ‑ to late ‑1992, but peaked at 6. 9  p ercent after the dot ‑com bust.
https://lao.ca.gov/Publications/Report/3769

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - The typical PE ratio since 1990 is 21 (19 if the dot-com bubble of the late 1990s and early 2000s is excluded). Similar to the price-to-earnings ratio, the home price-to-rent ratio is used to gauge if home prices are in line with underlying demand for housing.
https://lao.ca.gov/Publications/Report/3829

Managing California’s Cash

Sep 3, 2019 - After a period of relative calm in the mid ‑ and late ‑1990s, California faced another series of years with acute budget problems following the dot ‑com bust and ensuing recession. Although the dot ‑com bust was relatively mild in economic terms, it hit the California budget —which is particularly reliant on the Bay Area ’s technology sector —especially hard.
https://lao.ca.gov/Publications/Report/4092

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - The Governor proposes augmentations of $3.8  million in 2026 ‑27, $3.7  million in 2027 ‑28, $3.7  million in 2028 ‑29, and $1.2  million in 2029 ‑30 and ongoing from the Compliance Fund for the Tobacco Licensing Program to enforce AB  3218 and other flavor ban laws.
https://lao.ca.gov/Publications/Report/5132

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The budget includes a $10  million reappropriation of General Fund originally provided in 2024-25, as well as an extended encumbrance period (through June 30, 2029), for the LEMA system pilot project.
https://lao.ca.gov/Publications/Report/5081/

Fixing Unemployment Insurance

Dec 2, 2024 - During the phase ‑in period, the state also entered the dot ‑com recession. These two cost pressures absorbed the remaining flexibility in the state ’s UI tax system. As  shown in Figure  4 , the state began this period in Schedule C but quickly moved to Schedule F+, the highest tax schedule, where it has remained since.
https://lao.ca.gov/Publications/Report/4943

The 2025-26 Budget: Governor’s Office of Business and Economic Development

Mar 18, 2025 - Removing 30  Percent Cap on Individual Awards Reasonable. Current rules stipulate that an applicant may not receive more than 30  percent of the grant funding available in a fiscal year. Since the Governor ’s proposal would provide $60  million for grants, compared to $120  million in prior iterations, the cap on individual awards would be $18  million, down from $36  million.
https://lao.ca.gov/Publications/Report/5018

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - The broad structure of the new requirement is as follows: Within 30 days of receiving a credit allocation letter, applicants must submit a DEIA Workplan that reflects California ’s population in terms of race, ethnicity, gender, and disability status and includes specific DEIA goals and how the applicant intends to fulfill them.
https://lao.ca.gov/Publications/Report/5036

The 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - As revenues surged during the dot ‑com boom of the late 1990s, however, the state approached the limit. The state had excess revenues in 1999 ‑00, but because appropriations were under the limit in 2000 ‑01, additional Proposition  98 spending and taxpayer rebates were not required.
https://lao.ca.gov/Publications/Report/3596

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - For example, the monthly CPS unit nonresponse rate grew from 10  percent in 2013 to 30  percent in 2023. Unit nonresponse rates for many other surveys are well above 30  percent. Another Weakness: Measurement Error.
https://lao.ca.gov/Publications/Report/4878/4