Amid Good Fiscal Times, Planning for the Future Is Crucial

May 21, 2019 - Through the adoption of countercyclical fiscal policies, California is better able to navigate the business cycle within the constraints of its constitutional balanced budget requirement. The idea here is that in good times —when revenues are strong —the state spends somewhat below its capacity, sequestering the difference in reserves.
https://lao.ca.gov/Publications/Report/4051

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Borrowing costs, a key factor in business expansions and major consumer purchases, remain high. New tariffs on imports into the U.S. are creating cost pressures for businesses and consumers. Despite this, income tax collections have been strong in recent months, growing at double‑digit rates.
https://lao.ca.gov/Publications/Report/5091

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

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

CalFacts 2024 [Publication Details]

Dec 2, 2024 - CalFacts presents a wide range of facts and trends about the state's economy, finances, and programs.
https://lao.ca.gov/Publications/Detail/4942

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - Reverts Funds From the Small Agricultural Business Drought Relief Grant Program. The budget reverts $5  million from the Small Agricultural Business Drought Relief Grant Program, which provides relief to small agricultural businesses that suffer a decline in revenues or profits due to drought/flood conditions.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - Reverts Funds From the Small Agricultural Business Drought Relief Grant Program. The budget reverts $5  million from the Small Agricultural Business Drought Relief Grant Program, which provides relief to small agricultural businesses that suffer a decline in revenues or profits due to drought/flood conditions.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2021-22 Spending Plan: Other Provisions

Sep 23, 2021 - Small Business Grants Grants up to $25,000 for Small Businesses Affected by Pandemic. The California Small Business Coronavirus Disease 2019 (COVID-19) Relief Grant Program provides grants for up to $25,000 for small businesses that were impacted by economic disruption related to the pandemic.
https://lao.ca.gov/Publications/Report/4452

The 2019-20 Budget: The Governor's Proposal for a New Office of Digital Innovation

Mar 22, 2019 - By proposing to create new business process reengineering and digital services teams within GovOps, the administration appears to support, at least to some degree, the centralized placement of some state IT staff.
https://lao.ca.gov/Publications/Report/3981

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - The 2023-24 Budget: Overview of the Spending Plan (Final Version) Overview of the Spending Plan (Final Version) Appendix 4: Large One-Time and Temporary Augmentations Transportation Appendix 4, Figure 1 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Business and Labor General Fund (In millions) Begin new information
https://lao.ca.gov/Publications/Report/4788/4