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 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

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - We then follow the steps described in Bollinger et al. (2019) and Machado and Mata (2005) to produce unconditional percentile estimates. The figures display the median value of the estimates across the various specifications.
https://lao.ca.gov/Publications/Report/4878/4

Managing California’s Cash

Sep 3, 2019 - After a period of relative calm in the mid ‑ and late ‑1990s, California faced another series of years with acute budget problems following the dot ‑com bust and ensuing recession. Although the dot ‑com bust was relatively mild in economic terms, it hit the California budget —which is particularly reliant on the Bay Area ’s technology sector —especially hard.
https://lao.ca.gov/Publications/Report/4092

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - This is slightly below an estimate by Blau et al. (2023) for the U.S. over the last 40 years and substantially higher than an estimate by Clemens et al. (2019) for the U.S. over the period from 2013 to 2016.
https://lao.ca.gov/Publications/Report/4878/3

The 2017-18 Budget: An Overview of the Governor's Proposition 56 Proposals

Feb 22, 2017 - Though Superior Court decisions generally are not binding precedent, one California Superior Court decision ( Children and Families Commission of Fresno County et al. v. Edmund G. Brown, Jr., et  al ) considered issues concerning supplantation of funds related to Proposition  10 (1998), another voter ‑approved tobacco measure.
https://lao.ca.gov/Publications/Report/3573

The 2023-24 Budget: California's Film Tax Credit

Feb 28, 2023 - At the same time, research on other types of public spending —such as K ‑12 education and workforce development —suggests comparable or better earnings benefits for workers (Heinrich et al. [2013], Jackson [2015], and Hollenbeck [2017]).
https://lao.ca.gov/Publications/Report/4713

Fixing Unemployment Insurance

Dec 2, 2024 - During the phase ‑in period, the state also entered the dot ‑com recession. These two cost pressures absorbed the remaining flexibility in the state ’s UI tax system. As  shown in Figure  4 , the state began this period in Schedule C but quickly moved to Schedule F+, the highest tax schedule, where it has remained since.
https://lao.ca.gov/Publications/Report/4943

The 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - As revenues surged during the dot ‑com boom of the late 1990s, however, the state approached the limit. The state had excess revenues in 1999 ‑00, but because appropriations were under the limit in 2000 ‑01, additional Proposition  98 spending and taxpayer rebates were not required.
https://lao.ca.gov/Publications/Report/3596

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - In addition to existing program criteria, an applicant would need to meet one of the following criteria to qualify for a grant: Establish at least 500 n et new jobs. Make a significant infrastructure investment, as defined by the director of GO ‑Biz.
https://lao.ca.gov/Publications/Report/4327