Building Reserves to Prepare for a Recession

Mar 7, 2018 - Proposition  98 (198 8) g overns most state funding for schools and community colleges. The measure establishes formulas for a minimum annual funding requirement, commonly referred to as the minimum guarantee.
https://lao.ca.gov/Publications/Report/3769

Evaluation of a Sales Tax Exemption for Certain Manufacturers

Dec 11, 2018 - The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) administers a sales tax exemption for equipment used for certain manufacturing activities. (Many people refer to this program as an exclusion rather than an exemption.) Under current law, this program will end on January 1, 2021. Public Resources Code 26011.
https://lao.ca.gov/Publications/Report/3907

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

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 2023-24 Budget: California's Film Tax Credit

Feb 28, 2023 - Multiple studies systematically comparin g states with film credits to states without generally showed increased production activity in states with film credits (Bradbury [2019], Rickman and Wang [2020], and Button [2021]).
https://lao.ca.gov/Publications/Report/4713

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: An Overview of the Governor's Proposition 56 Proposals

Feb 22, 2017 - Edmund G. Brown, Jr., et  al ) considered issues concerning supplantation of funds related to Proposition  10 (1998), another voter ‑approved tobacco measure. In that case, the question before the court was whether the state could shift Proposition  10 revenues from First 5 Commissions to Medi ‑Cal.
https://lao.ca.gov/Publications/Report/3573

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

Feb 15, 2022 - The Legislature will want to consider how the state can best leverage state funds to maximize federal funding, as well as how the state can target fundin g to fill any gaps in the federal funding that are legislative priorities.
https://lao.ca.gov/Publications/Report/4540

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - The state also may borrow against special fund revenues for some types of spending without first gettin g voter approval. However, policymakers should consider that planning and initiating new construction projects often is a lengthy process.
https://lao.ca.gov/Publications/Report/4331

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