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

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

The 2020-21 Budget: Overview of the California Spending Plan (Final Version)

Oct 5, 2020 - As a condition of receiving the funding, counties must show that they are in com pliance with state and federal public health requirements. Budget Provides $600   Million for Project Homekey and Related Services.
https://lao.ca.gov/Publications/Report/4263

The State Appropriations Limit

Apr 21, 2021 - The state ’s appropriations subject to the limit fell substantially during the dot ‑com bust in the early 2000s and again during the Great Recession due to the significant decline in state revenues during those downturns.
https://lao.ca.gov/Publications/Report/4416

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The legislation also requires CDE to add certain health and safety requirements to Title 5 r egulations, which govern all State Preschool programs. In addition, Chapter   32 r equires LEA ‑run State Preschool programs to use CDE ’s uniform complaint procedures for addressing health and safety complaints and to use expedited response timelines that currently apply to school facility health and safety issues.
https://lao.ca.gov/Publications/Report/3870/4

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The spending plan dedicates $ 218  m illion in Proposition   56 r evenue to offset General Fund spending in Medi ‑Cal. This represents a decrease from the $ 711  m illion in Proposition   56 r evenue that offset General Fund spending in Medi ‑Cal in 2017 ‑18.
https://lao.ca.gov/Publications/Report/3870/6

The 2019-20 Budget: California Spending Plan—Debt Liabilities

Oct 17, 2019 - When the final required funding level is highe r than the initial budgeted estimate, the state is required to settle up —making an additional appropriation to schools and colleges. State Repays All Outstanding Settle-Up Obligations in 2019 ‑20.
https://lao.ca.gov/Publications/Report/4106

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The budget also provides funds for flood control, including levee maintenance and various urban flood control projects; counties to purchase new voting systems; and infrastructure and equipment at correctional facilities, including r eplacing the roofs at three facilities.
https://lao.ca.gov/Publications/Report/3870/1

The 2021-22 Budget: CalWORKs Fiscal Outlook

Dec 8, 2020 - Because caseload typically follows economic trends on a lag, we project an increase of about 10  p ercent in 2021 ‑22 (for an average caseload of about 430,00 0) r elative to our updated estimate of 2020 ‑ 21 c aseload.
https://lao.ca.gov/Publications/Report/4306