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

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

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Based on the scope of the contract, the administration now anticipates (1)  savings of $425  million in 2025-26 from two departments ($300  million from DHCS and $125  million from CDCR) and (2)  unknown savings in the outyears.
https://lao.ca.gov/Publications/Report/5081/

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - This suggests that the annual revenue loss from the flavor ban might be around $300  million to $400  million. Interpretation of Revenue Loss Unclear. Under the flavor ban, people who otherwise would consume flavored tobacco have three main options: (1)  avoid tobacco use altogether, (2)  switch to unflavored tobacco products, or (3)  obtain flavored tobacco from sources that violate the ban or from sources not subject to the ban (for example, other states).
https://lao.ca.gov/Publications/Report/4966

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

Evaluation of a Sales Tax Exemption for Certain Manufacturers

Dec 11, 2018 - For example, if a participant sells 300 additional electric vehicles, the calculation assumes that consumers buy 300 fewer conventional gasoline vehicles. For some consumers, the closest substitute for an electric vehicle made by the participant might indeed be a conventional gasoline vehicle.
https://lao.ca.gov/Publications/Report/3907

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - The Governor proposes $ 300  m illion General Fund in 2019 ‑20 for local governments to expand or develop emergency shelters, navigation centers, and supportive housing. The funding would be available to local governments that develop joint regional plans to address homelessness.
https://lao.ca.gov/Publications/Report/3916

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - The budget also provides $ 600  m illion for two new grant programs: (1) $ 300  m illion for grants to help low ‑performing schools and districts improve their performance and (2) $ 300  m illion for schools that implement the community schools model —which typically integrates health, mental health, and other services for students and families and provides these services directly on school campuses.
https://lao.ca.gov/Publications/Report/4135