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

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - These two centers would each consolidate three existing testing locations. (Currently, the testing locations proposed to be consolidated lack sufficient dedicated space for commercial drive tests.) The two centers would also create additional capacity for 300 additiona l commercial drive tests per month.
https://lao.ca.gov/Publications/Report/4540

Local Sales Tax Rebates in 2023-24 [Publication Details]

Sep 16, 2025 - Some of California's local governments offer partial sales tax rebates to try to boost the amount of taxable sales within their borders. In 2023-24, these rebates totaled $140 million. In this post, we describe the distribution of rebate payments across cities and counties. We also examine some economic and demographic characteristics of rebate-paying jurisdictions.
https://lao.ca.gov/Publications/Detail/5074

Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - Broadly, the biggest category consists of e-commerce distribution centers. Fuel suppliers are another large category, accounting for 20  percent of the total. Substantial Rebates in Many Counties … As shown in Figure  2, 2023-24 rebate payments varied across counties.
https://lao.ca.gov/Publications/Report/5074

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

Fixing Unemployment Insurance

Dec 2, 2024 - Tax System Has Not Withstood the Test of Time Tax System Dates Back to 1984. California ’s state ‑federal UI program was first enacted after the Great Depression. The state ’s modern UI  tax system dates back to 1984, when the state instituted a new tax system to conform with federal UI changes.
https://lao.ca.gov/Publications/Report/4943

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - This amount includes $10  million for Federation Internationale de Football Association (FIFA) World Cup security costs, $10  million for Family Justice Centers, and $8  million to the City of Los Angeles for fire engine purchases.
https://lao.ca.gov/Publications/Report/5081/

The 2025-26 Budget: Governor’s Office of Business and Economic Development

Mar 18, 2025 - Among many other provisions, the law established the National Semiconductor Technology Center (NSTC) and Natcast. The NSTC is a cooperative public-private effort to advance semiconductor research and development (R &D).
https://lao.ca.gov/Publications/Report/5018

The 2022-23 Budget: Governor’s Office of Business and Economic Development Proposals

Feb 11, 2022 - Technical Assistance Expansion and Capital Infusion Programs Technical Assistance Expansion Program (TAEP) Helps Fund Business Training and Consulting Centers. TAEP provides supplemental financial support to a wide range of federally contracted and state supported programs —such as Small Business Development Centers (SBDCs), Women ’s Business
https://lao.ca.gov/Publications/Report/4529