Building Reserves to Prepare for a Recession

Mar 7, 2018 - This would consist of two amounts: $13. 5  b illion in the BSA and $2. 3  b illion in the SFEU. The administration currently estimates a very small “true down ” to the BSA in 2017 ‑18, although that may change at the time of the May Revision.
https://lao.ca.gov/Publications/Report/3769

Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - These additional General Fund payments have been counted toward Proposition  2. The 2017 ‑18 budget paid the last installment of the funds in this agreement. Estimates of Future Proposition  2 Debt Funding No Added Debt Funding Requirements in 2017 ‑18.
https://lao.ca.gov/Publications/Report/3727

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - Figure 2 LAO May 2018 Economic Growth Scenario a Percent Change Unless Otherwise Indicated 2017
https://lao.ca.gov/Publications/Report/3829

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - This is especially consistent with the 20 18 changes, since professional service firms tend to be classed as “non-tradeable, ” meaning they are often already required to locate near their customer base, and thus tax incentives are unlikely to influence their decision to locate in California.
https://lao.ca.gov/Publications/Report/5162

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 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - Step 2 of Figure  3 shows the process used in determining appropriations subject to the SAL. The first step is to determine revenues from proceeds of taxes. (Schedules 12B and 12  C in the Appendix of The 2017 ‑18 Governor ’s Budget Summary lists the revenues currently excluded from the SAL.)
https://lao.ca.gov/Publications/Report/3596

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - The California Constitution requires the state to reimburse local governments when (1)  new state laws or regulations mandate that they implement a new program or higher level of service and (2)  the local government does not have offsetting revenues available to fully cover the associated costs.
https://lao.ca.gov/Publications/Report/5130

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - The Governor proposes covering an additional $2  million of annual flavor ban enforcement costs by using existing Compliance Fund appropriations that the department has not been spending. Hemp ‑Derived Cannabinoids.
https://lao.ca.gov/Publications/Report/5132

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

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - As shown in Figure  2, a very slight majority of California ’s low-wage workers are women. In contrast, a slight majority of mid-to-high-wage workers are men. Most Low-Wage Workers Are Latino. The number of low-wage workers who are Latino is roughly two and a half times the number who are white, four and a half times the number who are Asian/Pacific Islander, and 18 times the number who are Black.
https://lao.ca.gov/Publications/Report/4878/1