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 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Proposition  47 Workload ($21  million). The budget provides $21  million in 2016 –17 for trial courts to process resentencing and reclassification petitions from offenders convicted of felonies that Proposition  47 (2014) reduced to misdemeanors.
https://lao.ca.gov/Publications/Report/3487/10

Cal Facts: 2016

Dec 5, 2016 - In contrast, Proposition 47 (2014) changed some crimes from felonies to misdemeanors, reducing both state and county correctional populations. Most Inmate Costs Related to Security and Health Care In 2016-17, the average annual cost to incarcerate an inmate in prison is estimated to be about $71,000.
https://lao.ca.gov/Publications/Report/3511/4

The 2023-24 Budget: Multiyear Assessment

Feb 15, 2023 - Three of those —the recession in the early 1990s, the dot ‑com bust in the early 2000s, and the Great Recession —resulted in large revenue shortfalls and ensuing multiyear deficits, even for some years after each recession ended.
https://lao.ca.gov/Publications/Report/4687

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

Oct 2, 2018 - The remaining $47. 8  m illion is to be allocated to trial courts with below average funding levels. Self ‑Help Services ($35.6  Million). The budget provides $19. 1  m illion in limited ‑term funding for self ‑help centers and $16. 5  m illion on a one ‑time basis to support county law libraries.
https://lao.ca.gov/Publications/Report/3870/11

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 2016-17 Budget: California Spending Plan

Oct 5, 2016 - This includes: $20  million for city law enforcement grants; $15  million for a Law Enforcement Assisted Diversion program; $10.2  million for Uninhabitable Police Station grants; and $10  million for mental health treatment, substance abuse treatment, and diversion programs otherwise funded through Proposition  47.
https://lao.ca.gov/Publications/Report/3487/1

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Once the Health Care Services Plans and Penalties Fund covers all estimated MRMIP expenses, the spending plan estimates a General Fund savings of $47  million in 2017 ‑18 from using the fund ’s remaining balance and ongoing revenue to cover overall Medi ‑Cal expenses.
https://lao.ca.gov/Publications/Report/3694/6

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 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The cost of additional cash assistance resulting from this increase —$35  million in 2016 –17 and roughly $47  million ongoing —is to be paid from the Child Poverty and Family Supplemental Support subaccount (hereafter “child poverty subaccount ”), a special fund dedicated to providing CalWORKs grant increases.
https://lao.ca.gov/Publications/Report/3487/7