Evaluation of a Sales Tax Exemption for Certain Manufacturers

Dec 11, 2018 - Assumes That Additional “Green ” Goods Displace Equal Number of Conventional Goods. As described above, the net benefit calculation includes an estimate of the additional number of units sold by the participant due to the exemption.
https://lao.ca.gov/Publications/Report/3907

Updating the California Necessities Index

Aug 14, 2025 - To summarize, in Figure  3 , we provide relative assessments of each option using our criteria, dividing them into “green ” for the best measures on each criterion, “yellow ” for measures where some deficiency is identified, and “red ” for measures we judge to be significantly deficient.
https://lao.ca.gov/Publications/Report/5065

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - As seen in the figure, while the revenues required to balance the budget (in green) are optimistic, but plausible, in the budget window, they are improbable in the out ‑years. For example, to eliminate the operating deficit in 2024 ‑25, revenues would need to be roughly $30  billion higher than our forecast (in dark purple).
https://lao.ca.gov/Publications/Report/4772

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - In budget summary documents, the administration proposed to allow similar state tax incentives for “green technology ” or “affordable housing ” investments in Opportunity Zones. The administration has not provided any details regarding this proposal.
https://lao.ca.gov/Publications/Report/3959

An Update on California’s Cash Management Situation

Aug 31, 2020 - The blue line in Figure 3 shows the state ’s General Fund cash position, as forecasted by DOF, through the fiscal year. As the figure shows, similar to a typical fiscal year, the state will experience cash deficits early in the fiscal year and cash surpluses later in the year.
https://lao.ca.gov/Publications/Report/4266

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - For example, the Legislature likely will be presented with “green ” stimulus proposals in the coming months and years that purport to stimulate the economy and also have an environmental benefit. Our office recently released a separate report, A Framework for Evaluating State‑Level Green Stimulus Proposals , to provide guidance for the Legislature on how to evaluate such proposals.
https://lao.ca.gov/Publications/Report/4331

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

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

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - These amounts are shown in light blue in Figure  4 . Small Operating Surpluses Under Governor ’s Plan and Estimates. In the previous section we used the term surplus to describe the amount available to allocate in the budget year.
https://lao.ca.gov/Publications/Report/4135