Building Reserves to Prepare for a Recession

Mar 7, 2018 - First, between 1990 and 2000, the General Fund became increasingly reliant on PIT revenues, relative to SUT revenues, which are much less responsive to economic conditions. As a result, revenue volatility increased between these two events.
https://lao.ca.gov/Publications/Report/3769

An Overview of Proposition 37 [Publication Details]

Oct 2, 2000 - A Handout presented on September 29, 2000, to Senate Committee on Revenue and Taxation, Senate Committee on Environmental Quality, and Assembly Committee on Revenue and Taxation.
https://lao.ca.gov/Publications/Detail/737

The 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - As revenues surged during the dot ‑com boom of the late 1990s, however, the state approached the limit. The state had excess revenues in 1999 ‑00, but because appropriations were under the limit in 2000 ‑01, additional Proposition  98 spending and taxpayer rebates were not required.
https://lao.ca.gov/Publications/Report/3596

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 2019-20 May Revision: Opportunity Zones

May 11, 2019 - New Market Tax Credits, established in 2000, provide tax credits to taxpayers who invest in businesses or real estate in certain economically distressed areas. Investments under this program have been made for a wide variety of purposes, including renewable energy and affordable housing.
https://lao.ca.gov/Publications/Report/4038

An Update on California’s Cash Management Situation

Aug 31, 2020 - In fact, while the state has not used external borrowing for cash management since 2014, in the 32 years between 1983 and 2014 the state issued at least one RAN in every single year excep t two (1995 and 2000).
https://lao.ca.gov/Publications/Report/4266

Fixing Unemployment Insurance

Dec 2, 2024 - During the phase ‑in period, the state also entered the dot ‑com recession. These two cost pressures absorbed the remaining flexibility in the state ’s UI tax system. As  shown in Figure  4 , the state began this period in Schedule C but quickly moved to Schedule F+, the highest tax schedule, where it has remained since.
https://lao.ca.gov/Publications/Report/4943

Common Claims About Proposition 13

Sep 19, 2016 - Of the roughly 200 parcel taxes put to city voters for approval between 2000 and 2014, only about half were approved. In comparison, local governments can adopt impact fees through ordinances or resolutions.
https://lao.ca.gov/Publications/Report/3497

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

Do Communities Adequately Plan for Housing?

Mar 8, 2017 - Typical rents exceed $2000, more than double the national average. Available rental housing also is difficult to find. As of 2015, vacancy rates (the share of all rental housing available to new tenants) were around 2.5 percent, less than half the national average.
https://lao.ca.gov/Publications/Report/3605