The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - The Legislature may wish to monitor this issue by scheduling some of the proposed funding to expire after 2026 ‑27, requiring CDTFA to report on vacancies in key areas, or some combination of the two.
https://lao.ca.gov/Publications/Report/5132

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

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

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

Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - We describe some key aspects of these rebates in the next section. Description of Sales Tax Rebates Statewide Total: $140  Million. In 2023-24, the Bradley-Burns tax raised $9.4  billion statewide. Of this amount, local governments paid roughly $140  million —1.5  percent —in rebates.
https://lao.ca.gov/Publications/Report/5074

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - Over the last few years, two key measures of the licensing program ’s enforcement activities have declined. The number of inspections conducted in 2022-23 and 2023-24 was 52  percent lower than in 2020-21 and 2021-22.
https://lao.ca.gov/Publications/Report/4966

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options

May 12, 2022 - Key Considerations for Designing a Fiscal Relief Package The Legislature has multiple options it could pursue to provide relief to Californians. Below, we discuss several key questions for the Legislature to consider, including issues regarding aligning policies with legislative priorities, as well as some of the fiscal and policy trade ‑offs to consider.
https://lao.ca.gov/Publications/Report/4597

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - These developments could prove helpful in the future because an adequate number of workers who have the needed skills is a key element of smooth operations at the ports. Unclear if Workforce Shortage Exists or if Training Is Key Bottleneck.
https://lao.ca.gov/Publications/Report/4540

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - In this section, we briefly highlight some key sources of such funding. Transit and Intercity Rail Capital Program (TIRCP). TIRCP is one of the main ongoing sources of funding available for ZEB adoption.
https://lao.ca.gov/Publications/Report/4890

The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - At the same time, we also noted that these results should not be extended to the newer grant program because the grant program differs from the tax credit program in key ways. One key difference is the grant program’s focus on businesses making big investment promises, which has led it to make significantly larger awards to a smaller number of businesses.
https://lao.ca.gov/Publications/Report/4846