The 2016-17 Budget: Department of General Services

Feb 22, 2016 - In 2003-04, the Legislature approved $214  million in lease revenue bond funds to replace the state ’s 1960s-era Central Plant in Sacramento with a larger, more modern, and more efficient facility. The project also included the construction of a new thermal energy storage tank, new cooling towers, and a new steam turbine distributed generation system.
https://lao.ca.gov/Publications/Report/3362

^[PDF] Supplemental Report of the 2003 Budget Act

Working drawings are scheduled to begin July 2003 and be com- pleted March 2004. Construction is scheduled to begin July 2004 and be com- pleted February 2005. 12. Mount Diablo State Park, Road System Improvements.
https://lao.ca.gov/2003/supp_report/supp_rpt_2003_budget_act.pdf

^[PDF] Supplemental Report Of the 2002 Budget Act 2002-03 Fiscal Year CONTAINING STATEMENTS OF INTENT ADOPTED BY THE LEGISLATURE OR REQUESTS FOR STUDIES

The DMH shall report its findings to the Joint Legislative Budget Com- mittee and the fiscal committees of both houses of the Legislature by March 1, 2003. Supplemental Report of the 2002 Budget Act Page 25 2.
https://lao.ca.gov/2002/supplemental_report/supp_rpt_2002_budget_act.pdf

^[PDF] Higher Education Enrollment

This increase is partly in recognition of the enrollment that is expected to be diverted from UC and CSU to the community colleges. • When enrollment proposals for all three segments are com- bined, the Governor’s budget funds a net increase of about 28,000 FTE students.
https://lao.ca.gov/handouts/education/2004/Higher_Education_Enrollment_041404.pdf

^[PDF] 2003-04: Overview of the Governor’s Budget

The Governor has proposed a com- prehensive plan for addressing the state’s fis- cal problems. The Legislature faces a formi- dable task in carefully evaluating the plan’s in- dividual elements and the many important policy issues it raises.
https://lao.ca.gov/2003/budget_overview/03-04_budget_overview.pdf

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/article/Detail/852

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

^[PDF] California's Fiscal Outlook: LAO Projections 2002-03 Through 2007-08

We estimate that after plunging by nearly 66 percent in 2001, the in- come from gains and options will decline another 19 percent in 2002 before starting to rebound in 2003. In subsequent years, we project that the com- bination of an economic rebound and modest im- provement in stock market-related income will boost PIT receipts.
https://lao.ca.gov/2002/fiscal_outlook/fiscal_outlook_2002.pdf

^[PDF] LAO 2004 Budget Analysis: Capital Outlay Chapter

The DPR adds the following provisions to the standard con- tract language used by DGS to better define contractor/consultant com- mitments and project control mechanisms: • The DPR contracts require contractors to submit a “schedule of values,” which consists of an itemized list of work needed to com- plete the project, and a projected schedule of payments to the contactor.
https://lao.ca.gov/analysis_2004/cap_outlay/co_anl04.pdf