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

Fixing Unemployment Insurance

Dec 2, 2024 - From 2011 through 2018, California businesses paid the federal surcharge to repay the loan principal while the General Fund made a total of $1.4  billion in interest payments. After Great Recession, Tax Rates Declined, Worsening an Already Poor Position.
https://lao.ca.gov/Publications/Report/4943

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

The 2011-12 Budget: The Administration's Revenue Accrual Approach [Publication Details]

Jan 31, 2011 - In the administration's budget figures, this approach increases revenues available for the 2011-12 budget process by over $700 million and decreases the 2011-12 minimum funding guarantee for schools and community colleges by $1.5 billion below what it would have been otherwise.
https://lao.ca.gov/Publications/Detail/2420

California’s Fiscal Outlook: The 2011-12 Budget [Publication Details]

Nov 10, 2010 - California’s Fiscal Outlook: The 2011-12 Budget [Publication Details] Video Description: Our forecast of California’s General Fund revenues and expenditures shows that the state must address a budget problem of $25.4 billion between now and the time the Legislature enacts a 2011‑12 state budget plan.
https://lao.ca.gov/Publications/Detail/2365

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Consequently, the Governor ’s proposal anticipates General Fund payments to 2011 Realignment totaling $7. 5  m illion. $24.7   Million Revenue Loss for Local Programs. Aside from 2011 Realignment, the administration ’s estimates suggest that the proposal would reduce local sales tax revenues by $24. 7  m illion.
https://lao.ca.gov/Publications/Report/4327

Volatility of California’s Personal Income Tax Structure

Sep 28, 2017 - Figure  5 illustrates AD for California ’s personal income growth between 2011 and 2014. The compound annual growth rate over this four ‑year period was 5.2  percent, as shown by the red line. The growth rate in 2011 was 6.8  percent, which is 1.6  percentage points above the compound annual growth rate, so the annual deviation for 2011 is 1.6.
https://lao.ca.gov/Publications/Report/3703

The 2023-24 Budget: California's Film Tax Credit

Feb 28, 2023 - Figure  4 shows film tax credit claims from 2011 to 2021. To date, taxpayers have used $571  million of credits from the first program to reduce their corporation tax payments. Much of the remaining credits have been claimed against sale taxes. $1.55   Billion Allocated Under Program 2.0.
https://lao.ca.gov/Publications/Report/4713