The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - Accordingly, price-to-earnings (PE) ratios are one key metric used to evaluate stock prices. As of early May, the PE ratio of the Standard and Poor ’s 500 index was 24.5. The typical PE ratio since 1990 is 21 (19 if the dot-com bubble of the late 1990s and early 2000s is excluded).
https://lao.ca.gov/Publications/Report/3829

2017 May Revision: LAO Economic Outlook [EconTax Blog]

May 11, 2017 - Since 1990, PE ratios have typically been higher than in past decades, but the median since 1990 is still just 21-to-1. Even that 21-to-1 ratio reflects years prior to the dot-com bust when, in retrospect, PE ratios in the high 20s and low 30s probably indicated an overvalued stock market.
https://lao.ca.gov/LAOEconTax/Article/Detail/239

The 2016-17 Budget: Department of General Services

Feb 22, 2016 - Governor ’s Proposal Shift GCP to DGS. The Governor ’s budget proposes to shift the GCP from VCGCB to DGS. As part of this shift, the budget transfers nine positions and $1.2  million in funding authority to DGS.
https://lao.ca.gov/Publications/Report/3362

The 2019-20 May Revision: LAO Economic Outlook

May 12, 2019 - Accordingly, price-to-earnings (PE) ratios are one key metric used to evaluate whet her stock may be overpriced. The PE ratio (Shiller PE ratio) currently is 30, whereas the average since 1990 is 25.
https://lao.ca.gov/Publications/Report/4036

Initiative Analyses

The fee rate is 2 pe rcent of a vehicle 's current estimated value—calculated from the current owner 's depreciated purchase price. The revenues are primarily distributed to cities and counties. The 1998 tax relief package passed by the Legislature included a permanent reduction i n the VLF of 25 percent, with the potential of greater reductions beginning in 2000-01 if General Fund revenues grow faster than currently projected.
https://lao.ca.gov/BallotAnalysis/Initiatives?page=80

Voluntary Contribution Tax "Check-Offs" [EconTax Blog]

Apr 17, 2018 - That amount is a 160 percent increase over the $1 million total over the same pe riod last year.    
https://lao.ca.gov/LAOEconTax/Article/Detail/275

^[PDF] Review of Budget Reduction Options for Higher Education

This is the standard currently in place for noncredit basic skills courses, which focus at a similar level Eliminate state funding for intercollegiate athletics 55 • Prohibit districts from claiming apportionments for team practices Eliminate state funding for repetition of credit physical education and fi ne-arts (“activity”) classes 55 • Estimate assumes no new restrictions on students majoring
https://lao.ca.gov/handouts/education/2011/Review_of_Budget_Reduction_Options_for_Higher_Education_41211.pdf

Federal Spending in California

Jan 18, 2017 - The northern counties received more federal funding on a pe r-person basis in part because these counties have relatively small populations and received larger amounts for national forest related payments and other grants.
https://lao.ca.gov/Publications/Report/3531/5

Insurer coverage of medical procedures and medication. [Ballot]

May 15, 2025 - Specifically, an insurer, rather than the pe rson filing the lawsuit, would have to prove that the services or drugs were unnecessary or that the denial, delay, or change would not result in the specified negative health outc omes.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-002

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