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 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - Bunche Center — Subject Matter Projects in learning loss mitigation — Faculty professional development and equal opportunity practices — UC San Francisco Memory and Aging Center Alba Lab — UC Los Angeles Latino Policy and Politics Initiative — UC ‑CSU Collaborative on Neurodiversity and Learning — UC Davis California Veterinary Emergency Team — UC San Diego cliff erosion
https://lao.ca.gov/Publications/Report/4448/1

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091

The 2019-20 Budget: The Governor's Proposal for a New Office of Digital Innovation

Mar 22, 2019 - By proposing to create new business process reengineering and digital services teams within GovOps, the administration appears to support, at least to some degree, the centralized placement of some state IT staff.
https://lao.ca.gov/Publications/Report/3981

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The remaining $6.7  million is for CDCR to expand canine teams used for the detection of drugs and other contraband to all state ‑operated prisons. Other Budget Adjustments The budget includes $35  million from the General Fund to replace roofs that were damaged by severe storms at California Correctional Institution in Tehachapi, Pleasant Valley State Prison in Coalinga, and Salinas Valley State Prison in Soledad.
https://lao.ca.gov/Publications/Report/3694/11

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Of the $50  million, $15  million would fund a team of experts to visit each campus and assess the current condition of academic facilities. The remaining $35  million would fund deferred maintenance projects.
https://lao.ca.gov/Publications/Report/3694/5

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

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Other downturns, such as the 2001 so-called dot-com recession, had severe fiscal implications while inflicting somewhat milder economic damage. The 2008 Great Recession had brutal effects on both the state ’s economy and budget.
https://lao.ca.gov/Publications/Report/4762

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The budget plan also provides $1.8  million in federal funds for 20  positions to enhance the PHPPS division ’s exotic pests mitigation capabilities by establishing emergency plant health response teams.
https://lao.ca.gov/Publications/Report/3694/12

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