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

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - CARB Exempts Transit Agencies From ICT Requirements Under Some Conditions. Under the ICT, CARB will exempt a transit agency from the requirements described above under specified conditions outside the agency ’s control, including: The agency declares a financial emergency.
https://lao.ca.gov/Publications/Report/4890

The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - Loans are made to public agencies on a first-come, first-served basis. To fund its loans, ISRF sells revenue bonds which are repaid from loan payments from public agencies. Over the last five years, ISRF has made, on average, around $50 million in loans per year.
https://lao.ca.gov/Publications/Report/4846

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 California Spending Plan: Other Provisions

Oct 16, 2025 - LEMA supports local law enforcement agencies that have been deployed through the state ’s mutual aid system. The remaining balance of amounts previously appropriated for this purpose (about $12  million) was reverted.
https://lao.ca.gov/Publications/Report/5081

Updating the California Necessities Index

Aug 14, 2025 - While we cannot predict the future publication decisions of the BLS, it will be easier for the statistical agencies to obtain reliable data on prices of goods in these categories than it will be for household fuels and other utilities, meaning it is more likely they will continue to publish these statistics.
https://lao.ca.gov/Publications/Report/5065

An Update on California’s Cash Management Situation

Aug 31, 2020 - Agency Cash Versus Controller ’s Cash The state ’s main tax revenue agencies (namely, the Franchise Tax Board and the California Department of Tax and Fee Administration) collect tax payments and then transmit those payments to the State Controller ’s Office.
https://lao.ca.gov/Publications/Report/4266

The 2022-23 Budget: Governor’s Office of Business and Economic Development Proposals

Feb 11, 2022 - Is GO ‑Biz Most Appropriate Agency to Administer This Program? Should the Legislature determine that state funding for these improvements is appropriate, it should then consider which agency is most suited to administer the program.
https://lao.ca.gov/Publications/Report/4529

The 2018-19 Budget: California’s New Tax Departments

Apr 4, 2018 - The 2018-19 Budget: California’s New Tax Departments Summary New Laws Reorganized State Tax Agencies. In 2017, the Legislature passed two laws that made major changes to tax administration and appeals in California.
https://lao.ca.gov/Publications/Report/3796