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

Updating the California Necessities Index

Aug 14, 2025 - Overall, we think that option C, which uses a national estimate instead of metropolitan area estimates for the household fuels and other utilities category, is best able to replicate the current CNI.
https://lao.ca.gov/Publications/Report/5065

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

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

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

Mar 18, 2025 - However, the grant program has the same evaluation structure as the credit, which suggests it could be similarly effective at identifying the best applicati ons. Grant Eligibility Rests on Subjective Assessments.
https://lao.ca.gov/Publications/Report/5018

How High? Adjusting California’s Cannabis Taxes

Dec 17, 2019 - We rate the basic and tiered ad valorem taxes as best for administration and compliance. Basic Ad Valorem Best for Administration and Compliance. The basic ad valorem tax is easier for CDTFA to administer than weight ‑based taxes and potency ‑based taxes.
https://lao.ca.gov/Publications/Report/4125

Evaluation of a Sales Tax Exemption for Certain Manufacturers

Dec 11, 2018 - Put another way, different calculations could produce vastly different point estimates, even if all such calculations are based on reasonable assumptions and the best available evidence. Concerns About Certain Assumptions.
https://lao.ca.gov/Publications/Report/3907

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - Issues for Legislative Consideration The Legislature may want to modify the Governor ’s proposal so that it best address its priorities. Some factors that merit legislative consideration include: Role of the State.
https://lao.ca.gov/Publications/Report/4540

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options

May 12, 2022 - Which Potential Policies Best Align With the Legislature ’s Relief Priorities? Once the Legislature has established which groups it wants to prioritize, it will want to select policies that align with its intended objectives for providing relief.
https://lao.ca.gov/Publications/Report/4597

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