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 - 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 - Research suggests that it is less common that programs lead to h igher employment or earnings after the subsidy ends. Subsidized employment programs appear more likely to result in long-term benefits when: (1)  employers have a business model that makes it realistic for them to hire participants full time after the program ends and (2)  the target population is women or long-term unemployed workers.
https://lao.ca.gov/Publications/Report/5018

Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - From our discussions with county tax collectors, we understand that these reasons often include: ( 1)  h omeowners with a principal residence who are unable to afford their property tax payments, ( 2)  d evelopers with unfinished housing projects, and ( 3)  h eirs who are not aware that they now own the property or cannot afford the tax payments.
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

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - We make this comparison across several different types of h ouseholds, with varying numbers of adults and children: For a single parent with three children, the statewide minimum wage is right around the poverty level.
https://lao.ca.gov/Publications/Report/4878/3

The 2017-18 Budget: California Competes Tax Credit

Feb 27, 2017 - H owever, the number of businesses claiming California Competes tax credits will steadily rise over the coming years —to as many as 1,000 —before tapering off as existing tax credit agreements end and no additional agreements, under current law, are signed.
https://lao.ca.gov/Publications/Report/3586

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - As  a  result, we  can say that the “real ” value of the state ’s dollar h as declined 10 percent. Lowers Quantity of Services. One of the most common impacts of elevated inflation for spending programs is a reduction in the quantity of state services provided.
https://lao.ca.gov/Publications/Report/4647