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 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

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

The 2025-26 Budget: Update on Implementation of New Firearm and Ammunition Tax

Feb 19, 2025 - The behavioral health training requirement is not contingent upon districts receiving funding from the state. If there is insufficient revenue in the GVPSS Fund to cover the cost of this training, districts would likely need to cover the costs using their general-purp ose funding.
https://lao.ca.gov/Publications/Report/4970

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The budget includes $12  million one-time Federal Trust Fund for grants to local governments (including schools and special districts, as well as federally recognized tribes) for the purpose of addressing cybersecurity risks and threats to information systems.
https://lao.ca.gov/Publications/Report/5081/

The 2018-19 Budget: Governor's Gann Limit Estimates

Apr 6, 2018 - These funds also are excluded from districts ’ local limits because (1)  state law does not require districts to include them, and (2)  most districts are already spending at their limits. In other words, the discretionary grants are not accounted for under state or local calculations, violating a core principle of the Gann Limit.
https://lao.ca.gov/Publications/Report/3800

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 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - Specifically, the funds would reduce districts ’ CalSTRS rates in 2019 ‑20 and 2020 ‑ 21 —freeing up resources for other parts of districts ’ operating budgets. Though district pension costs typically are covered using Proposition  98 General Fund, the Governor proposes using non ‑Proposition  98 General Fund for this proposal.
https://lao.ca.gov/Publications/Report/3916

Understanding Your Property Tax Bill - The 1 Percent Tax—Where Does Your Money Go? [Video]

This includes cities, the county, special districts, and schools and community college districts. Educational Revenue Augmentation Fund (ERAF). This is a countywide multi-purpose fund originally created  to provide funding for schools For many reasons, the system of distributing these revenues has become very complex.
https://lao.ca.gov/Videos/Player?playlistId=96&videoId=144

Why Have Sales Taxes Grown Slower Than the Economy? [Publication Details]

Aug 5, 2013 - [Publication Details] Video Description: The sales and use tax is the state’s second largest revenue source as well as a major funding source for cities, counties, and some special districts. Historically, consumers have spent about the same share of their income each year on taxable items, meaning that sales taxes generally kept pace with growth in the state's economy.
https://lao.ca.gov/Publications/Detail/2800