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

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - The administration appears to have approached this issue by trying to “work within CDTFA ’s budget. ” Viewed through this department ‑level lens, one could argue that spending General Fund on the Cannabis Tax Program makes sense.
https://lao.ca.gov/Publications/Report/5132

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - High Recapture Rate Can be Seen as a Feature … On one hand, high recapture rates can be seen as not a significant issue, and even a sign that the program is working as intended: Companies are incentivized by a tax break if they manage to achieve agreed-upon job and investment targets, but if they fail to do so, the state incurs no expense since the credit is never claimed or is paid back to the state.
https://lao.ca.gov/Publications/Report/5162

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

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - California’s Low-Wage Workers and Minimum Wage California ’s Low-Wage Workers and Minimum Wage How Long Do People Stay in Low-Wage Work? In discussions about minimum wages, policymakers often express differing views about mobility out of low-wage work.
https://lao.ca.gov/Publications/Report/4878/2

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

Mar 18, 2025 - As CA RISE is open to a broader but overlapping target population as LA:RISE and works with many of the same ESEs, CA RISE participants likely had similar characteristics prior to CA RISE participation.
https://lao.ca.gov/Publications/Report/5018

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Some research suggests that CPS respondents likely underreport independent contracting work.) Weekly hours among part-time low-wage workers vary substantially, with many working less than half-time and many others working nearly full -time.
https://lao.ca.gov/Publications/Report/4878/1

The 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - How the State Appropriations Limit Works Each year, Article XIII B requires the state to perform a series of complex calculations. In this section, we explain the current rules of the SAL calculation.
https://lao.ca.gov/Publications/Report/3596