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 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The budget includes $134. 5  m illion ARFVTF for ZEV fueling infrastructure, including $114. 5  m illion for electric vehicle charging stations and $ 20  m illion for hydrogen fueling stations. These funds will be administered through the existing Alternative and Renewable Fuel and Vehicle Technology Program (ARFVTP).
https://lao.ca.gov/Publications/Report/3870/9

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 2017-18 Budget: California Spending Plan

Oct 18, 2017 - This is a net decrease of $114  million, or about 8  percent, compared to the estimated spending level for 2016 ‑17. (Most of this decrease is related to the completion of the Proposition  1B bond program.)
https://lao.ca.gov/Publications/Report/3694/12

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

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The 2016 –17 budget includes $114  million to accommodate 2  percent enrollment growth systemwide. In addition, the budget adjusts for enrollment declines that districts experienced in 2015 –16 and anticipated enrollment restoration in 2016 –17 .
https://lao.ca.gov/Publications/Report/3487/3

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - Control Section 19. 56 i ncludes: $ 19 m illion for workforce and economic development programs; $ 114 m illion for transportation and infrastructure; $ 32 m illion for health and human services programs; $ 260 m illion for parks, recreation, and resources; $ 238 m illion for arts and cultural programs; $ 110 m illion for housing and homelessness; and $ 98 m illion for fire prevention and public safety.
https://lao.ca.gov/Publications/Report/4448

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

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The county mandates were repealed when Chapter   43 o f 2011 (A B  114 , Committee on Budget and Finance) transferred this responsibility to schools. Establishes One ‑Time Homeless Mentally Ill Outreach and Treatment Grant Program.
https://lao.ca.gov/Publications/Report/3870/6