The 2015-16 Budget: Major Features of the Adopted Plan (Overview of Adopted Plan)

Jun 19, 2015 - General Fund revenue growth was much higher in 2014‑15, increasing at a very healthy 7.7  percent rate. General Fund spending is largely flat across 2014‑15 and 2015‑16, increasing at only 0.8  percent.
https://lao.ca.gov/Publications/Report/3279

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

Flexible Funding to California in the American Rescue Plan

Mar 23, 2021 - Current estimates suggest that California counties will receive $7.7  billion and California cities will receive $8.4  billion. Use of Fiscal Relief Funds Funds Must Be Used for Specific Purposes. Both the state and local governments can only use the funds for specific purposes.
https://lao.ca.gov/Publications/Report/4407

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - This includes (1)  $7.8  million to provide janitorial services to new medical spaces at state prisons, (2)  $7.7  million for additional medical positions needed because of an increase in patient acuity levels, (3)  $7  million to implement various strategies intended to improve the department ’s ability to retain physicians, (4)  $6.7  million for additional nurses to distribute inmate medications, and (5)  $5.4  million to implement a new health care appeals process.
https://lao.ca.gov/Publications/Report/3694/11

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - Second, it notably reduces how much tax revenue is used for augmentations, instead using more money to help offset General Fund spending ($3.5  billion through 2024 ‑25 and $7.7  billion through 2026 ‑27).
https://lao.ca.gov/Publications/Report/4922

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - The state could use up to $7.7  billion of this balance to cover school spending that exceeds the Proposition  98 minimum requirement in 2022 ‑23. Using the Proposition  98 Reserve in this way would allow the state to lower General Fund spending to the constitutional minimum level in the prior year without reducing the funding allocations it previously approved.
https://lao.ca.gov/Publications/Report/4819

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - This includes $7.7  billion —$3.7 billion in 2021 ‑22 and $2 billion in both 2023 ‑24 and 2024 ‑ 25 —to fund transit and rail projects throughout the state. The package also includes (1) $1.8 billion in 2021 ‑22 to support active transportation, climate adaptation, and grade separation projects, and (2) $100 million in 2023 ‑24 to augment a local litter abatement and beautification grant program initiated in 2021 ‑22.
https://lao.ca.gov/Publications/Report/4616

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

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Other downturns, such as the 2001 so-called dot-com recession, had severe fiscal implications while inflicting somewhat milder economic damage. The 2008 Great Recession had brutal effects on both the state ’s economy and budget.
https://lao.ca.gov/Publications/Report/4762