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

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

Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - In 2016, for example, homeowners aged 62 t o 71 had median household incomes of around $48,000, compared to homeowners aged 42 t o 51, who had median incomes of $88,000. However, older homeowners also tend to: Pay Less in Property Taxes.
https://lao.ca.gov/Publications/Report/3885

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - CDTFA runs three tobacco-focused programs: The Cigarette and Tobacco Tax Program administers a $2.87 per pack tax on combustible cigarettes and a 53  percent tax (adjusted annually) on the wholesale cost of other tobacco products, such as e-cigarettes, cigars, and chewing tobacco.
https://lao.ca.gov/Publications/Report/4966

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 2019-20 Budget: Tax Conformity

Mar 6, 2019 - Given the increase to the federal standard deduction, we expect that many fewer filers will itemize their deductions in 2018 t han in previous years. As a result, fewer Californians will take the SALT deduction on their federal taxes.
https://lao.ca.gov/Publications/Report/3959

The 2025-26 Budget: California’s Film Tax Credit

Feb 28, 2025 - Since the credit is consistently oversubscribed, increasing t he annual cap would likely result in a corresponding increase in credits awarded. Legislature ’s Response to Proposal Should Depend on the Importance of Protecting Hollywood Relative to Other Goals.
https://lao.ca.gov/Publications/Report/5000

The 2019-20 Budget: Analysis of Proposed Earned Income Tax Credit Expansion

Mar 6, 2019 - First, the income limits were raised from $22, 300 t o $24,950 for filers with dependents and from $15, 000 t o $16,750 for workers with no dependents. This increased the number of workers eligible for the state credit.
https://lao.ca.gov/Publications/Report/3960

Annual Report on Tax Exemptions for Medicinal Cannabis

Jul 1, 2021 - In 2020, licensees identified 13, 278 t ransactions as medicinal donations. The data do not tell us who received each donation. Some patients likely received more than one donation in 2020, so this total likely overstates the number of distinct patients.
https://lao.ca.gov/Publications/Report/4447

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The estimated total project cost is $53  million. Construction is scheduled to begin in November 2025 and expected to be complete by January 2028. Proposition  4 (2024). The budget package allocates funds authorized by Proposition  4, which provided $10  billion in bond funds for activities designed to increase the state ’s resilience to the impacts of climate change.
https://lao.ca.gov/Publications/Report/5081