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Economy and Taxes (2)
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The 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - Since 2001‑02, the state has continued to have considerable room under the limit. How the State Appropriations Limit Works Each year, Article XIII B requires the state to perform a series of complex calculations.
https://lao.ca.gov/Publications/Report/3596

Building Reserves to Prepare for a Recession

Mar 7, 2018 - In addition, in response to the crisis, the state spent $ 1  b illion (roughly $1. 5  b illion in today ’s dollars) on various conservation and rebate programs in the 2001 ‑ 02 b udget. Loma Prieta Earthquake.
https://lao.ca.gov/Publications/Report/3769