Fiscal Outlook: Medi-Cal

Nov 15, 2017 - ACA Optional Expansion In 2014, California expanded Medi-Cal eligibility to childless adults with incomes up to 138  percent of the federal poverty level, a population known as the ACA optional expansion population.
https://lao.ca.gov/Publications/Report/3715

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Legislation enacted in 2013 required that, in addition to conforming state law to several Patient Protection and Affordable Care Act (ACA) regulations, NQIs eligible for full ‑scope Medi ‑Cal as a result of the ACA optional expansion transition from the state ‑only Medi ‑Cal program into subsidized coverage through Covered California.
https://lao.ca.gov/Publications/Report/3694/6

Fiscal Outlook: Medi-Cal

Nov 14, 2018 - ACA Optional Expansion and CHIP Sharing Ratios to Stabilize by 2021-22. The state share of cost for the ACA optional expansion and CHIP is scheduled to continue to increase beyond 2019-20 before stabilizing in subsequent years.
https://lao.ca.gov/Publications/Report/3898

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 2017-18 Budget: California's Fiscal Outlook

Nov 16, 2016 - The ACA authorizes an increase in the federal share of cost for CHIP from 65  percent to 88  percent. The higher federal share of cost will be available from October 1, 2015 through September 30, 2019.
https://lao.ca.gov/Publications/Report/3507

The 2016-17 Budget: California's Fiscal Outlook

Nov 18, 2015 - The ACA authorizes an increase in the federal share of cost for CHIP from 65 percent to 88 percent from October 1, 2015 through September 30, 2017. On a full –year basis, this results in General Fund savings of over $600 million.
https://lao.ca.gov/Publications/Report/3305

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

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

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