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

Oct 2, 2018 - Poverty Increases cash assistance grants beginning in April 2019 ($90  million in 2018 ‑19, $360  million ongoing). Provides $220  million (one time) to reverse the CalFresh cash out policy for SSI/SSP.
https://lao.ca.gov/Publications/Report/3870/1

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

Oct 2, 2018 - The budget dedicates $ 90  m illion in 2018 ‑ 19 t o increase these grants beginning in April 2019, but the full ‑year cost of these increases is $ 360  m illion. The budget also dedicates about $ 348  m illion to the universities on an ongoing basis and $ 139  m illion to increase salaries for correctional officers.
https://lao.ca.gov/Publications/Report/3870

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 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 2021-22 Budget: CalWORKs Fiscal Outlook

Dec 8, 2020 - CalWORKs caseload reached its lowest level ever in February 2020 (about 360, 000 c ases), following a historically long period of economic expansion combined with the long ‑standing decline in California birth rates.
https://lao.ca.gov/Publications/Report/4306

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 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The administration anticipates that the full ‑year costs of this proposal will be about $ 360  m illion General Fund annually beginning in 2019 ‑20. In addition to the 10  p ercent grant increase, the 2018 ‑19 spending plan includes budget ‑related legislation with intent language to increase grant levels to achieve at least 50  p ercent of the federal poverty level for all
https://lao.ca.gov/Publications/Report/3870/7

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

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Both exemptions allow providers to work up to 90 hours per week (not to exceed 360 hours per month). Supplemental Security Income/ State Supplementary Payment (SSI/SSP) The 2016 –17 budget includes $2.9  billion General Fund for SSI/SSP, an increase of $95  million (3.4  percent) over revised expenditure estimates for 2015 –16 .
https://lao.ca.gov/Publications/Report/3487/7