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

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 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The budget includes $7. 9  m illion in 2018 ‑ 19 t o continue the replacement and renovation of the Oxnard and Reedley DMV field offices, as well as to construct perimeter fencing at 13 e xisting field offices.
https://lao.ca.gov/Publications/Report/3870/10

The 2019-20 Budget: Proposition 98 Outlook

Nov 14, 2018 - We estimate that the average salary and benefit cost of a school district teacher in 2017 ‑18 was approximately $95,000, an increase of about $5,300 (5. 9  p ercent) over the inflation ‑adjusted 2012 ‑ 13 l evel (see Figure  7 ).
https://lao.ca.gov/Publications/Report/3897

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The 2017-18 Budget: California Spending Plan 0, 3.5, or 7% 0, 3.5, or 7% a A small portion of VLF growth will still be provided to the Child Poverty and Family Supplemental Support Subaccount in 1991 realignment. b Starting in 2018 ‑19, the adjustment factor will depend on the rate of growth in realignment revenues.
https://lao.ca.gov/Publications/Report/3694/8

Managing California’s Cash

Sep 3, 2019 - On a cash basis, the fund now stands at $7. 7  b illion (as of June  30, 2019) —representing over 13  p ercent of the state ’s internal borrowable resources. (The Department of Finance ’s [DOF ’s] most recent estimate of the budgetary balance of GGRF is much lower —$1. 3  b illion for the end of 2018 ‑19.
https://lao.ca.gov/Publications/Report/4092

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The enacted 2018 ‑ 19 l evel is $ 479   m illion (5. 5   p ercent) more than the revised 2017 ‑ 18 l evel and $ 612   m illion (7. 1   p ercent) more than the 2017 ‑18 Budget Act level. The budget increases funding per full ‑time equivalent (FTE) student by $635 (8. 6   p ercent) over the 2017 ‑18 Budget Act level, bringing Proposition   98 funding per FTE student up to $8,051.
https://lao.ca.gov/Publications/Report/3870/3

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - After accounting for all changes, core funding increases $7. 9  m illion (13. 8  p ercent) over 2017 ‑18. General Fund Increases by $7.6   Million. Of this amount, $1. 1  m illion is ongoing and $6. 5  m illion is for three one ‑time initiatives.
https://lao.ca.gov/Publications/Report/3870/5

The 2019-20 Budget: California's Fiscal Outlook

Nov 14, 2018 - As a result of the dot ‑com bust and ensuing recession in 2001, state revenues declined precipitously. The very next year, looking to budget year 2002 ‑03, our Fiscal Outlook found the state ’s surplus had disappeared, and instead, the budget faced a deficit of $12. 4  b illion for the upcoming year.
https://lao.ca.gov/Publications/Report/3896

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - This is an increase of about $2. 9  b illion, or 13  p ercent, compared to the revised 2017 ‑18 spending level, as shown in Figure  13 . This year ‑over ‑year net increase is primarily due to significant growth in projected General Fund spending in Medi ‑Cal.
https://lao.ca.gov/Publications/Report/3870/6