The Property Tax Inheritance Exclusion

Oct 9, 2017 - This share is higher in some counties, such as Mendocino (9  percent), San Luis Obispo (7  percent), El Dorado (6  percent), Sonoma (6  percent), and Santa Barbara (5  percent). Figure  3 reports our estimates of these fiscal effects by county.
https://lao.ca.gov/Publications/Report/3706

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

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

How Will Aging Baby Boomers Affect Future Property Tax Revenues?

Jun 20, 2017 - This share is higher in some counties, such as San Luis Obispo (7  percent), El Dorado (6  percent), Sonoma (6  percent), and Santa Babara (5  percent). Figure  7 reports our estimates of these fiscal effects for the 25 counties where these effects are the largest.
https://lao.ca.gov/Publications/Report/3693

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

Feb 20, 2024 - We estimate the Governor ’s budget predicts the state ’s 2024-25 budget will need to address a $58 billion deficit . In December, our office predicted a somewhat large deficit of $68 billion . Since then, recent data has continued to point to the budget problem being larger than the Governor’s budget assumes.
https://lao.ca.gov/Publications/Report/4846

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - As shown in Figure  6, the 2024 statewide minimum wage is noticeably below half of the 2022-2023 full-time median wage. By this measure, the state ’s minimum wage is around where it was one decade ago.
https://lao.ca.gov/Publications/Report/4878/3

Fixing Unemployment Insurance

Dec 2, 2024 - Figure  12 shows how the state ’s current taxable wage base and our recommendation compare to other states. If the state raised the maximum weekly benefit amount, the corresponding taxable wage base would also need to increase.
https://lao.ca.gov/Publications/Report/4943

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - This is a decrease of $10  million  (6  percent) from the revised 2024-25 level. (This does not reflect some adjustments related to Control Sections 4.05 and 4.12 of the 2024-25 and 2025-26 budgets. Please see the “New and Ongoing Efforts to Achieve Efficiencies” section of our post for more information.)
https://lao.ca.gov/Publications/Report/5081

The 2025-26 Budget: Update on Implementation of New Firearm and Ammunition Tax

Feb 19, 2025 - These funds would be allocated to school districts based on their share of statewide enrollment in grades 7 to 12. The budget package also required school districts to certify by July 2029 that a certain portion of their staff who work directly with students in grades 7 to 12 have received youth behavioral health training at least once.
https://lao.ca.gov/Publications/Report/4970