The 2016-17 Budget: Department of General Services

Feb 22, 2016 - Governor ’s Proposal Shift GCP to DGS. The Governor ’s budget proposes to shift the GCP from VCGCB to DGS. As part of this shift, the budget transfers nine positions and $1.2  million in funding authority to DGS.
https://lao.ca.gov/Publications/Report/3362

Review of High-Speed Rail Draft 2016 Business Plan

Mar 17, 2016 - Changes IOS From South to North Silicon Valley to Central Valley IOS. The draft 2016 business plan changes the direction of the IOS from south to north, as shown in Figure  3. Under the draft plan, the IOS would extend 239 miles from the Central Valley to the Silicon Valley (referred to in this report as the “IOS North ”), rather than from the Central Valley to the San Fernando Valley.
https://lao.ca.gov/Publications/Report/3394

^[PDF] Review of High-Speed Rail Draft 2016 Business Plan

The draft plan estimates that in 2025, the first year of operation, the IOS North would carry between 2.2 million and 4.1 million passengers. Estimated Capital Cost of Proposed IOS. A primary reason for the change in the IOS is because of insufficient funding to complete the planned IOS South.
https://lao.ca.gov/reports/2016/3394/HSR-Draft-Business-Plan-Review-031716.pdf

^[PDF] Review of High-Speed Rail Draft 2016 Business Plan

The plan estimates that in 2025, the fi rst year of operation, the IOS North would carry between 2.2 million and 4.1 million passengers. A primary reason for the change in the IOS is because of insuffi cient funding to complete the planned IOS South.
https://lao.ca.gov/handouts/transportation/2016/Review-of-High-Speed-Rail-Draft-2016-Business-Plan-032816.pdf

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/article/Detail/852

^[PDF] Review of High-Speed Rail Draft 2018 Business Plan

In 2016, HSRA estimated that the IOS would cost about $21 billion and initially operate between San Jose and a terminus north of Bakersfield in 2025. ; Construction of IOS Began in Central Valley. In 2015, HSRA initiated construction of the first segment of the IOS—commonly referred to as the initial construction segment (ICS) or the Central Valley Segment.
https://lao.ca.gov/handouts/transportation/2018/2018-Draft-Business-Plan-040218.pdf

^[PDF] Funding for the High-Speed Rail Project

(The HSRA plans to offset these emissions by planting thousands of trees in the Central Valley.)  No Complete Funding Plan for IOS  In its 2014 draft business plan, HSRA identifi ed a total of $10 billion in funding available to support the construction of the IOS.
https://lao.ca.gov/handouts/transportation/2014/Funding-HSRA-032714.pdf

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 2014-15 Budget: Transportation Proposals

No Complete Funding Plan for IOS. As mentioned above, the HSRA indicates that the IOS will cost about $31 billion to complete. In its recent 2014 draft business plan, the authority identified a total of $10 billion in funding available to support the construction of the IOS.
https://lao.ca.gov/reports/2014/budget/transportation/transportation-030614.aspx