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 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Based on the scope of the contract, the administration now anticipates (1)  savings of $425  million in 2025-26 from two departments ($300  million from DHCS and $125  million from CDCR) and (2)  unknown savings in the outyears.
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 2020-21 Spending Plan: Tax Changes

Oct 5, 2020 - This expansion is assumed to reduce revenues by $125  million in 2020 ‑21. Sales and Use Tax Changes Changes Timing of Sales Tax Payments by Used Car Dealers. Beginning January 1, 2021, the budget package requires used car dealers to pay sales taxes on car sales to the Department of Motor Vehicles when they pay their vehicle registration fees —which occurs shortly after a car is sold.
https://lao.ca.gov/Publications/Report/4270

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 2020-21 Budget: Expanding the Minimum Franchise Tax Exemption

Mar 23, 2020 - This estimate assumes that about 125, 000 n ew eligible noncorporate taxpayers claim the exemption each year. (The revenue assumption also makes a rough adjustment for the timing of the revenue effect in the first year.)
https://lao.ca.gov/Publications/Report/4207

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

Feb 28, 2023 - “Ready for a close ‑up: The effect of tax incentives on film production in California. ” Economic Development Quarterly 35.2 (2021): 125 ‑140. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/4713

Assessing Recent Changes to California Competes

Mar 30, 2020 - Through tax year 2018, taxpayers have claimed a total of $125. 1  m illion in credits. Figure  1  shows how the amount of credits claimed has grown over time. About $ 57  m illion in credits were claimed in 2018 —$ 45  m illion in CT and $ 12  m illion in PIT.
https://lao.ca.gov/Publications/Report/4213