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 LAO’s Economic and Budget Projections 1995-96 Through 1997-98 [Publication Details]

Nov 1, 1995 - The LAO’s Economic and Budget Projections 1995-96 Through 1997-98 [Publication Details] 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/Publications/Detail/81

Cal Facts: 2016

Dec 5, 2016 - In 2016-17, the state was funding 96  percent of the target rates. LCFF Provides Additional Funding For Certain Students K-12 Students by Type More than 60 percent of K-12 students are low income, English learners, or foster youth (which are counted as low income).
https://lao.ca.gov/Publications/Report/3511/2

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 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - (The budget package also reduces $96   million in General Fund that had been provided outside of the transportation infrastructure package for projects at the Port of Oakland.) The spending plan includes additional changes to transportation expenditures that do not affect planned funding totals.
https://lao.ca.gov/Publications/Report/4922

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - The budget also reflects a $92  million reduction primarily from the General Fund in 2023 ‑24 (generally growing to $96  million annually beginning in 2025 ‑26) to reflect the closure of the Division of Juvenile Justice (DJJ) and resulting deactivation of three of its facilities.
https://lao.ca.gov/Publications/Report/4788

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - This position total includes 96  existing positions plus 25  new positions. Establishes Department of FI$Cal. 2016 –17 budget –related legislation establishes the Department of FI$Cal to provide a permanent administrative structure and an ongoing maintenance and operation (M &O) function for FI$Cal.
https://lao.ca.gov/Publications/Report/3487/11

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 - Upon its determination that UC ’s adopted plan met statutory requirements, DOF released the first payment of $96  million to UC in May 2016. Three One –Time Augmentations for Student Support and Outreach.
https://lao.ca.gov/Publications/Report/3487/5

The 2017-18 Budget: Overview of the Governor's Budget

Jan 13, 2017 - The Governor estimates LCFF would be 96  percent funded in 2017 –18 , about the same percentage as in 2016 –17 . The Governor proposes to use most of the remaining increase to eliminate the payment deferral created in 2016 –17 .
https://lao.ca.gov/Publications/Report/3528