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

Building Reserves to Prepare for a Recession

Mar 7, 2018 - These deposits were made in the 2006 ‑07 and 2007 ‑ 08 e nacted budgets when the economy was still expanding, but were quickly used to address budget deficits that emerged later on in the 2007 ‑08 fiscal year.
https://lao.ca.gov/Publications/Report/3769

Overview of the Governor’s Budget: 2007-08 - Elizabeth Hill Discusses the 2007-08 Governor's Budget [Video]

Overview of the Governor’s Budget: 2007-08 - Elizabeth Hill Discusses the 2007-08 Governor's Budget [Video] Search LAO Videos Overview of the Governor’s Budget: 2007-08 January 12, 2007 January 12, 2007: Elizabeth Hill discusses our preliminary assessment of the the 2007-08 Governor 's budget at her media presentation.
https://lao.ca.gov/Videos/Player?playlistId=41&videoId=41

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

Highlights from our 2007-08 Analysis of the Budget Bill - Highlights from our 2007-08 Analysis of the Budget Bill [Video]

Highlights from our 2007-08 Analysis of the Budget Bill - Highlights from our 2007-08 Analysis of the Budget Bill [Video] Highlights from our 2007-08 Analysis of the Budget Bill February 21, 2007 Elizabeth Hill discusses highlights from our 2007-08 Analysis of the Budget Bill and Perspectives and Issues.
https://lao.ca.gov/Videos/Player?playlistId=36

Overview of the Governor’s Budget: 2007-08 - Elizabeth Hill Testimony on the Governor's Budget to the Assembly Budget Committee [Video]

Overview of the Governor’s Budget: 2007-08 - Elizabeth Hill Testimony on the Governor's Budget to the Assembly Budget Committee [Video] Search LAO Videos Overview of the Governor’s Budget: 2007-08 January 12, 2007 January 12, 2007: Elizabeth Hill discusses our preliminary assessment of the the 2007-08 Governor 's budget at her media presentation.
https://lao.ca.gov/Videos/Player?playlistId=41&videoId=38

Overview of the Governor’s Budget: 2007-08 - Elizabeth Hill Provides Preliminary Comments on the Governor's Budget [Video]

Overview of the Governor’s Budget: 2007-08 - Elizabeth Hill Provides Preliminary Comments on the Governor's Budget [Video] Search LAO Videos Overview of the Governor’s Budget: 2007-08 January 12, 2007 January 12, 2007: Elizabeth Hill discusses our preliminary assessment of the the 2007-08 Governor 's budget at her media presentation.
https://lao.ca.gov/Videos/Player?playlistId=41&videoId=39

Highlights of the 2007-08 Analysis and Perspectives and Issues [Publication Details]

Feb 21, 2007 - Highlights of the 2007-08 Analysis and Perspectives and Issues [Publication Details] Description: This document summarizes and provides links to the major findings in the 2007-08 Analysis of the Budget Bill and Perspectives and Issues.
https://lao.ca.gov/Publications/Detail/1554

Overview of the 2007-08 May Revision - Overview of the 2007-08 May Revision [Video]

Overview of the 2007-08 May Revision - Overview of the 2007-08 May Revision [Video] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Videos/Player?playlistId=35

California's Fiscal Outlook: LAO Projections, 2007-08 Through 2012-13 - California's Fiscal Outlook, 2007-08 through 2012-13 [Video]

California's Fiscal Outlook: LAO Projections, 2007-08 Through 2012-13 - California's Fiscal Outlook, 2007-08 through 2012-13 [Video] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Videos/Player?playlistId=34