Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - A small but nontrivial portion —1.7  percent —paid more than $120 per resident. Economic Conditions in Rebate-Paying Jurisdictions Slightly Better Than Statewide Average. Next, we examine some economic and demographic features of two groups of jurisdictions: (1)  those whose 2023-24 rebate payments totaled $1 to $20 per resident, and (2)  those whose rebate payments totaled more than $20 per resident.
https://lao.ca.gov/Publications/Report/5074

2009-10 Budget Analysis Series: Revenues [Publication Details]

Feb 6, 2009 - Our proposed options include eliminating or modifying 12 tax expenditure programs for a savings of $1.7 billion over the next two years. In general, these recommendations are based on our conclusion that these programs lack a strong rationale or are not sufficiently effective or efficient in achieving their stated goals.
https://lao.ca.gov/Publications/Detail/1923

The 2019-20 Budget: Proposition 56 Revenues: Reductions in Fixed Allocations

Feb 14, 2019 - For example, the Governor ’s Budget projects that the percentage allocation to Medi-Cal will decline by 1.7  percent in 2019 ‑20. Future Decisions Could Have Substantial Fiscal Effects Future Allocations Unknown . . .
https://lao.ca.gov/Publications/Report/3939

The 2018-19 Budget: Governor's Gann Limit Estimates

Apr 6, 2018 - Incorporating the final 2016 ‑17 data —as well as our estimates for 2017 ‑18 and 2018 ‑19 —reduces state room by $2.5  billion in 2016 ‑17, $1.7  billion in 2017 ‑18, and $610  million in 2018 ‑19 (relative to the administration ’s January 2018 estimates).
https://lao.ca.gov/Publications/Report/3800

The 2017-18 Budget: California Competes Tax Credit

Feb 27, 2017 - The Governor ’s budget proposes $1.7 million General Fund in 2017-18 and $1.6 million General Fund in 2018-19 and 2019-20 for FTB compliance activities related to the California Competes tax credit. While the proposal provides funding equivalent to a total of 14 positions —an increase of 10 from current levels —the request does not increase FTB ’s total position authority, meaning they will be required to leave positions in other areas of the department vacant.
https://lao.ca.gov/Publications/Report/3586

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 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

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

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

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - Under the Governor ’s estimates, the state is required to spend: $1.7   Billion General Fund Increase for Schools and Community Colleges. General Fund spending on schools and community colleges is determined mainly by a set of constitutional formulas outlined in Proposition  98 (1988).
https://lao.ca.gov/Publications/Report/4135