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 2015-16 Budget: Major Features of the Adopted Plan (Other Issues)

Jun 19, 2015 - This total includes $300  million for systemwide capital projects, such as building bypasses, and $163  million for state operational activities (such as planning, analysis, levee maintenance, and equipment purchases).
https://lao.ca.gov/Publications/Report/3278

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget provides $11.7  million (FPF) annually in 2024-25 and 2025-26 for the continued implementation of Chapter  163 of 2020 (SB  908, Wieckowski), which requires DFPI to establish a regulatory and licensing system to oversee debt collectors.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The budget provides $11.7  million (FPF) annually in 2024-25 and 2025-26 for the continued implementation of Chapter  163 of 2020 (SB  908, Wieckowski), which requires DFPI to establish a regulatory and licensing system to oversee debt collectors.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

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

Oct 2, 2018 - Designates $163   Million General Fund for Various One ‑Time Purposes. The largest increase is $ 120  m illion for enrollment growth of 3,641 full ‑time equivalent (FTE) undergraduate students ( 1  p ercent over the 2017 ‑ 18 l evel).
https://lao.ca.gov/Publications/Report/3870/5

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

Oct 2, 2018 - The projects are estimated to cost a combined total of $ 163  m illion (General Fund and lease revenue bonds) to complete. Department of Parks and Recreation (DPR) The budget includes $1. 3  b illion from various fund sources to support DPR, a net increase of $ 497  m illion, or 62  p ercent, from the estimated 2017 ‑ 18 l evel.
https://lao.ca.gov/Publications/Report/3870/9

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