Review of the California Competes Tax Credit

Oct 31, 2017 - In the example, which we illustrate in Figure  7, Alex ’s Plumbing Co. has a similar and equally sized competitor, Zoe ’s Plumbing Co., and together they employ 40  people in total. The demand for plumbing services increases over time and, in this example, the two plumbing businesses will also expand by a combined total of six new employees to meet that increase in demand.
https://lao.ca.gov/Publications/Report/3709

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - Prioritize Stimulus Spending on Proposals With Public Health Co ‑Benefits. Public health programs that also have economic stimulus co ‑benefits are particularly important right now given the pandemic ’s severity and the close relationship between the economy and the public health situation.
https://lao.ca.gov/Publications/Report/4331

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

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

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

Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - The interest rate associated with a PTP loan needs to cover two major state costs: ( 1)  S CO ’s administrative costs and ( 2)  s tate losses from delinquent loans. Even when the program operated at a much lower interest rate, its collections on existing accounts covered these costs over the long term.
https://lao.ca.gov/Publications/Report/3885

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