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

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - “Minimum Wage Effects and Monopsony Explanations. ” Washington Center for Equitable Growth Working Paper Series.
https://lao.ca.gov/Publications/Report/4878/3

The 2020-21 Budget: Taxation of E-Cigarettes

Feb 24, 2020 - “E ‑Cigarettes and Adult Smoking: Evidence from Minnesota. ” National Bureau of Economic Research Working Paper 26589. Zhao, Juliana (2019). “E ‑Cigarettes and Cigarettes: Complements or Substitutes?
https://lao.ca.gov/Publications/Report/4171

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

Mar 18, 2025 - On paper, the $25  million proposal is tied to capital investment at the DCF. Over the next decade, however, Natcast estimates that its capital expenditures to develop the DCF will total around $650  million.
https://lao.ca.gov/Publications/Report/5018

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - “Selection in Surveys: Using Randomized Incentives to Detect and Account for Nonresponse Bias. ” National Bureau of Economic Research (NBER) Working Paper 29549. Machado, Jose and Jose Mata (2005). “Counterfactual Decomposition of Changes in Wage Distributions Using Quantile Regression. ” Journal of Applied Econometrics 20: 445-465.
https://lao.ca.gov/Publications/Report/4878/4

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 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products

May 12, 2019 - Sales Tax Applies to Many Goods Reasonably Defined as Necessities Sales Tax Applies to Wet Wipes, Toilet Paper, and Soap. Like diapers and menstrual products, these goods address unavoidable bodily functions.
https://lao.ca.gov/Publications/Report/4040