Effect of Returning to Historical Estimated Tax Payment Schedule

Feb 27, 2023 - This change had the effect of accelerating tax collections from 2009 ‑10 into 2008 ‑09, thereby improving the 2008 ‑09 budget condition. As the state ’s fiscal situation continued to deteriorate in 2009, the 2009 ‑10 budget package again changed the quarterly estimated tax payment schedule to collect 70  percent in the first half of the fiscal year and 30  percent in the second, improving the 2009 ‑10 budget condition.
https://lao.ca.gov/Publications/Report/4722

Managing California’s Cash

Sep 3, 2019 - This is precisely what occurred, for example, in the 2008 ‑ 09 b udget. When DOF prepared the cash projections for 2008 ‑ 09 i n January 2008, policymakers might have understood budgetary problems were emerging, but did not know how deep the revenue drops would be.
https://lao.ca.gov/Publications/Report/4092

The 2022-23 Budget: Temporary Limits on Business Tax Provisions

Jan 26, 2022 - This is a budget solution that the state previously has used, for example, to address the budget problem caused by the Great Recession in 2008. Net Operating Loss Deductions Smooth Business Profits and Losses Over Time.
https://lao.ca.gov/Publications/Report/4500

California's Fiscal Outlook: LAO Projections 2008-09 Through 2013-14 [Publication Details]

Nov 20, 2008 - California's Fiscal Outlook: LAO Projections 2008-09 Through 2013-14 [Publication Details] PowerPoint Description: The state’s struggling economy has severely reduced expected revenues. Combined with rising state expenses, we project that the state will need $27.8 billion in budget solutions over the 2008-09 and 2009-10 fiscal years.
https://lao.ca.gov/Publications/Detail/1895

Perspectives on the Economy and Demographics 2008-09 [Publication Details]

Feb 20, 2008 - Perspectives on the Economy and Demographics 2008-09 [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/1715

State Fiscal Picture 2008-09 [Publication Details]

Feb 20, 2008 - State Fiscal Picture 2008-09 [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/1716

2008-09 Budget: Perspectives and Issues [Publication Details]

Feb 20, 2008 - 2008-09 Budget: Perspectives and Issues [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/1717

Perspectives on State Revenues 2008-09 [Publication Details]

Feb 20, 2008 - Perspectives on State Revenues 2008-09 [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/1714

California's Fiscal Outlook: LAO Projections, 2003-04 Through 2008-09 [Publication Details]

Nov 14, 2003 - California's Fiscal Outlook: LAO Projections, 2003-04 Through 2008-09 [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/1060

California's Fiscal Outlook: LAO Projections, 2007-08 Through 2012-13 [Publication Details]

Nov 14, 2007 - California's Fiscal Outlook: LAO Projections, 2007-08 Through 2012-13 [Publication Details] Press Conf Description: In order to balance the 2008–09 budget, the state will have to adopt nearly $10 billion in solutions.
https://lao.ca.gov/Publications/Detail/1681