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

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

May 12, 2019 - For example, a 2010 Pew survey estimated that 86  percent of Americans regarded cars as necessities. We are not aware of any proposals to exempt cars from the sales tax. Broad Product Categories Can Include Both Necessities and Luxuries.
https://lao.ca.gov/Publications/Report/4040

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - Tax Credit Expansions in the American Rescue Plan COVID-19 Tax Credit Expansions in the American Rescue Plan The federal American Rescue Plan (ARP) that passed on March  11 expanded a number of federal income tax credits.
https://lao.ca.gov/Publications/Report/4410

Common Claims About Proposition 13

Sep 19, 2016 - Other states with high 1977 per –person revenues also had below average growth. California, however, grew even slower than states with high 1977 per –person revenues. Did Proposition 13 Reduce the Number of New Local Governments Formed?
https://lao.ca.gov/Publications/Report/3497

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Program staff must weigh these possibly competing factors, and the high recapture rate cou ld indicate a relative favoring of high-risk, high-rewards projects. In years where the program is fully subscribed, there is an opportunity cost associated with an agreement that is not fulfilled.
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 2025-26 Budget: California’s Film Tax Credit

Feb 28, 2025 - Therefore, we recommend the Legislature consider adopting the Governor ’s proposal only if the Legislature views maintaining California ’s market share of the film industry as a high priority and an end in itself.
https://lao.ca.gov/Publications/Report/5000

The 2023-24 Budget: California's Film Tax Credit

Feb 28, 2023 - Similarly, Latino and Asian American crew members make up a considerably smaller share of production workforce than their share of California’s overall population. Competition From Other States Most Other States Offer Film Tax Incentives.
https://lao.ca.gov/Publications/Report/4713

Fixing Unemployment Insurance

Dec 2, 2024 - In relative terms, California ’s take ‑up rate is high when compared to other states. However, in absolute terms, and as described in the nearby box, the state ’s take ‑up rate is not particularly high and thus many eligible workers do not apply for or receive benefits.
https://lao.ca.gov/Publications/Report/4943